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Market Chatter: ExxonMobil May Suspend Production at French Refinery Due to Ongoing Strikes
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Market Chatter: ExxonMobil May Suspend Production at French Refinery Due to Ongoing Strikes
Jun 26, 2024 3:25 AM

06:05 AM EDT, 06/26/2024 (MT Newswires) -- Exxon Mobil ( XOM ) may have to halt production at its Gravenchon refinery in northern France if striking workers continue to block access, Reuters reported on Tuesday.

Exxon told Reuters that some strikers are still blocking access, adding, "If this continues, we may have no choice but to suspend production from the refinery."

Blockades since Friday have prevented deliveries of goods and materials needed to maintain refinery operations, the report said, citing an emailed statement.

The refinery represents about 20% of France's refining capacity.

Exxon Mobil ( XOM ) has not immediately responded to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 114.26, Change: -0.11, Percent Change: -0.10

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