ExxonMobil to sell subsidiary to North Atlantic France
Published by Ellie Brosnan,
Editorial Assistant
Hydrocarbon Engineering,
With the exception of those part of the previously announced redundancy plan, all of the approximately 1350 employees in France will be retained and remain on the same employment terms and conditions.
“ExxonMobil has been operating in France for over 120 years and we plan to maintain a significant commercial presence with the Esso brand at around 750 retail sites across the country,” said Tanya Bryja, Senior Vice President of ExxonMobil Product Solutions. “France remains an important market for us, and we will continue to support customers with sales of chemicals, finished lubricants, base stocks, synthetics, and other specialty products as well.”
“This is a pivotal moment for North Atlantic as we enhance our transatlantic presence and commitment to energy security through energy solutions aligned with global energy needs,” added Ted Lomond, President and CEO of North Atlantic. “We are eager to consolidate Gravenchon’s role as a vital centre of French energy and industry for decades to come and grow North Atlantic into a premier transatlantic energy company.”
ExxonMobil continually evaluates its business globally and the proposed sale is aligned with its business strategy.
Europe is an important region for ExxonMobil where there will continue to be a meaningful presence.
Esso S.A.F. and ExxonMobil Chemical France remain fully committed to continuing safe, reliable operations in France and to meeting all supply obligations for their customers through the transition.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/28052025/exxonmobil-to-sell-subsidiary-to-north-atlantic-france/
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