Exxon Is ‘Optimizing’ Product Flows Amid Middle East Disruption

Exxon Mobil is using its global asset base and trading organization to move oil and gas to deal with the ‘big disruption’ in the Middle East, Senior Vice President Jack Williams said at a Morgan Stanley conference in New York.

• Exxon is moving products around the world as it is “optimizing around this situation,” Williams said
  • Exxon partners with Qatar, which shut down liquefied natural gas operations due to the Middle East conflict
  • About two-thirds of Exxon’s liquefied natural gas output comes from Qatar, according to RBC Capital Markets
• “Clearly this is a big disruption,” Williams said. “It really comes ...