27-10-2016 19:22 via uk.news.yahoo.com

Exxon eyes setting up a trading division - FT

(Reuters) - Exxon Mobil Corp is weighing building a full-scale trading division as it looks to counter a more than two-year rout in oil prices, the Financial Times reported on Thursday, citing people familiar with the matter. The downturn in oil prices is prompting some Exxon executives to consider the case for establishing a trading division that buys and sells other producers' crude and refined products, as well as its own, the FT reported. Exxon, the world's largest publicly traded oil produc
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