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ExxonMobil exits Italy and Thailand - Why, and what's next for the Majors?

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19 January 2023

ExxonMobil exits Italy and Thailand - Why, and what's next for the Majors?

Report summary

ExxonMobil have opted to divest refining and retail assets in Italy and Thailand. Why? Do we expect more assets to follow? Using Wood Mackenzie's petrochemical integrated Refinery Evaluation Model (REM-Chems), we seek to answer these questions as well as conducting in-depth asset analysis of the remaining Major's refining portfolio. We also use Wood Mackenzie's Retail Fuels Service to consider the correlation between refining and retail divestments.

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