First Mobil-branded Service Stations to Open in Mexico

ExxonMobil
announced today a partnership with retailer Grupo Orsan to open eight
Mobil-branded service stations this week in Querétaro as part of the
company’s entry in Mexico’s fuels market. ExxonMobil plans to open 50
Mobil stations in the Bajio region by the end of the first quarter of
2018.

This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171206006268/en/

ExxonMobil is the first company to fully leverage Mexico’s new energy
model and provide an integrated product offering along the entire fuels
value chain. The new Mobil-branded stations will be operated by Grupo
Orsan and supplied with gasoline and diesel produced by ExxonMobil’s
refineries in Texas. Fuels will be distributed by rail through two
private fuels terminals located in San Luis Potosi and San Jose
Iturbide. This is part of ExxonMobil’s long-term commitment to invest
$300 million in fuels logistics, product inventories and marketing in
Mexico over the next 10 years.

“The opening of these first eight Mobil service stations, made possible
by Mexico’s new energy policy regime, is a significant milestone for the
country and our company,” said Carlos Rivas, fuels director for
ExxonMobil Mexico. “We look forward to helping meet the country’s
growing demand for energy with a reliable supply of high-quality fuels
and a positive customer experience.”

“Orsan’s partnership with ExxonMobil will increase our competitiveness
in the fully deregulated fuels market, supported by a globally
prestigious brand like Mobil and a unique marketing offer designed to
attract consumers,” said Carlos Sandoval, chief executive officer of
Grupo Orsan.

With the introduction of Mobil-branded stations and Synergy™-branded
fuels in Mexico, ExxonMobil is presenting a breakthrough forecourt and
our most advanced fuel formulations. ExxonMobil’s Synergy product line
increases engine-cleaning power, helping improve engine performance,
responsiveness and fuel economy compared to gasoline meeting minimum
Mexican government standards. The fuels will be marketed as Mobil
Synergy Supreme+, Mobil Synergy Extra and Mobil Synergy Diesel.

ExxonMobil will also launch a Guaranteed Fuels program to help assure
Mobil customers, through routine visits to stations, that the fuels meet
ExxonMobil’s stringent quality requirements and correct quantities are
being sold. The program will be supported by an independent company that
specializes in inspection, product testing and certification.

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 the company anticipates continued growth.

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. ExxonMobil holds an industry-leading inventory of
resources, and is one of the world’s largest integrated refiners,
marketers of petroleum products and chemical manufacturers. Follow
ExxonMobil 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.

About Grupo ORSAN

Grupo Orsan is one of the leading Mexican companies in the domestic fuel
sales market. Founded in 1968, it has more than 150 service stations,
1,400 affiliated service stations in its eWallet network, and a fuel
distribution service for self-consumption facilities. Its experience has
positioned Grupo Orsan as the top diesel distributor in Mexico.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171206006268/en/

Source: Business Wire
(December 6, 2017 - 7:00 PM EST)

News by QuoteMedia

www.quotemedia.com