ExxonMobil to Launch Mobil-Branded Service Stations and Fuels in Mexico
18 May 2017 - 1:00AM
Business Wire
- First Mobil station to open in Mexico
in the second half of 2017
- $300 million in investments in fuels
logistics, product inventories and marketing planned over next 10
years
- 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.
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