Exxon Mobil Corp. (XOM) is considering starting a trading division for crude and refined products, the Financial Times reported Thursday, citing two people familiar with the discussion.

Exxon executives have noted that the trading divisions of companies including BP PLC (BP.LN, BP) have done well during the energy downturn, the FT reported.

Exxon told the FT it doesn't comment on rumors or speculation but said "we continuously evaluate opportunities for growth."

Website: www.ft.com

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

October 27, 2016 14:51 ET (18:51 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Exxon Mobil Charts.
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Exxon Mobil Charts.