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First Mobil station to open in Mexico in the second half of 2017
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$300 million in investments in fuels logistics, product inventories
and marketing planned over next 10 years
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Mobil stations to feature Fuel Technology Synergy™ gasoline and diesel
products
ExxonMobil
announced today its plans to enter the Mexican fuels market in 2017 with
Mobil-branded stations and its new signature line of advanced Synergy™
gasoline and diesel fuels.
The company plans to open its first Mobil service station in central
Mexico during the second half of 2017, and additional stations will open
later in the year. ExxonMobil plans to invest about $300 million in
fuels logistics, product inventories and marketing over the next 10
years to provide a reliable supply of quality products to the retail,
wholesale, industrial and commercial sectors.
“Recent energy reforms present a unique opportunity to help meet the
growing demand for reliable fuel supplies and quality service in
Mexico,” said Martin Proske, Mexico fuels director for ExxonMobil Fuels,
Lubricants & Specialties Marketing Company. “ExxonMobil’s presence will
help give consumers new choices to purchase our high-quality products.”
ExxonMobil’s Synergy product line includes the company’s most
advanced gasoline formula that increases engine-cleaning power, which
helps to improve engine performance, responsiveness and fuel economy
compared to gasoline meeting minimum government standards. The fuels
will be marketed as Mobil Synergy Extra, Mobil Synergy Supreme+ and
Mobil Synergy Diesel in Mexico.
“Our new Synergy line of fuels, coupled with modern equipment
and station image, is part of our continued effort to deliver innovation
at our branded stations. We are always looking for ways to enhance our
customers’ experiences and overall satisfaction with our products and
services,” said Proske.
To maintain its high standards for customer service, ExxonMobil will
implement its Guaranteed Fuels program, which consists of
periodic visits by the company’s travelling laboratories to each
Mobil-branded service station to analyze the quality of the fuel and
ensure fuel dispensers are secure and operating correctly.
ExxonMobil has maintained a presence in Mexico for more than 130 years
with other businesses and sales in the country, including chemicals and
Mobil-branded lubricants, as well as interest in oil and gas
exploration, where we anticipate continued growth. Worldwide, ExxonMobil
is one of the market leaders in the fuels sector with more than 26,000
branded service stations in more than 35 countries.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and gas
company, uses technology and innovation to help meet the world’s growing
energy needs. We hold an industry-leading inventory of resources and are
one of the largest integrated refiners, marketers of petroleum products
and chemical manufacturers. For more information, visit www.exxonmobil.com
or follow us on Twitter www.twitter.com/exxonmobil.
CAUTIONARY STATEMENT: Statements of future events or conditions in this
release are forward-looking statements. Actual future results, including
project plans, schedules, and costs could differ materially due to
changes in market conditions affecting the oil and gas industries or
long-term price levels for oil, gas, and refined products; political or
regulatory developments; the occurrence and duration of economic
recessions; the actions of competitors; technical or operating factors;
the outcome of commercial negotiations; and other factors discussed
under the heading "Factors Affecting Future Results" in the Investors
section of our website (www.exxonmobil.com)
and in Item 1A of our most recent Form 10-K.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170517005694/en/
Copyright Business Wire 2017
Source: Business Wire
(May 17, 2017 - 11:00 AM EDT)
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