01:57 PM EDT, 09/09/2025 (MT Newswires) -- (Updates with additional details throughout.)

Exxon Mobil ( XOM ) said Tuesday it has agreed to acquire the technology, US-based assets and select international offices of Superior Graphite, a producer of graphite and advanced materials.

Financial details weren't disclosed.

ExxonMobil ( XOM ) said synthetic graphite, which can be produced from its refining feedstocks with greater consistency and efficiency than mined materials, is critical for electric vehicles and energy storage batteries, and it plans to meet rising demand with scalable, high-performance products that deliver faster charging and longer life.

Exxon did not immediately reply to a request for comment from MT Newswires.

Shares were up 1.4% in recent afternoon trading.

Price: 111.34, Change: +1.49, Percent Change: +1.36