January 29, 2015 8:01 AM ET

Chemicals

Company Overview of ExxonMobil Chemical Company, Inc.

Company Overview

ExxonMobil Chemical Company, Inc. manufactures and markets petrochemical products. It offers polymers and chemicals that include olefins, aromatics, fluids, synthetic rubber, polyethylene, polypropylene, plasticizers, additives for fuels and lubricants, zeolite catalysts, hydrocarbon and oxygenated fluids, butyl polymers, synthetic fluids and lubricant base stocks, polymer modifiers, chemical intermediates, and specialty elastomers. The company serves clients in adhesives, agriculture, automotive, building and construction, consumer products, healthcare and medical, industrial applications, labels, lubricants, nonwovens, and packaging industries. ExxonMobil Chemical Company, Inc. was formerl...

13501 Katy Freeway

Houston, TX 77079-1398

United States

Founded in 1966

Phone:

281-870-6050

Fax:

281-870-6661

Key Executives for ExxonMobil Chemical Company, Inc.

Chairman and Chief Executive Officer
Age: 62
President
Age: 52
President of ExxonMobil Refining & Amp
Age: 66
Vice President of Butyl Polymers Global Business
Vice President of Intermediates Global Business
Compensation as of Fiscal Year 2014.

ExxonMobil Chemical Company, Inc. Key Developments

Exxon Mobil Corporation and Exxonmobil Chemical Company, Inc. Announces Executive Changes

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation will appoint Neil A. Chapman as president of ExxonMobil Chemical Company and elect him a vice president of the corporation, effective Jan. 1, 2015. Chapman is currently senior vice president, Polymers, ExxonMobil Chemical Company. Chapman, 52, joined Esso Chemical in 1984 at the Esso refinery in Fawley, UK. He advanced through a series of engineering, operations, planning and marketing roles in various chemicals affiliates in the United Kingdom, Belgium, United States and Hong Kong.

ExxonMobil Chemical Announces New Projects to Expand Specialty Hydrocarbon Fluid Production

ExxonMobil Chemical announced that the company is increasing production of its high performance hydrocarbon fluids by about 10% through expansion projects at its Singapore and Antwerp facilities. The additional capacity, designed to meet rapidly expanding global demand for hydrocarbon fluids and extend the company's worldwide supply capability, will begin producing by mid-2015 and be complete in 2016. The expansion projects, which upgrade refining streams into specialty chemical products, are in progress and build on other recently announced large investment projects in the company's Singapore and Antwerp facilities. The company has expanded production in Singapore to meet expected demand across the Asia Pacific region. ExxonMobil's capacity expansion in Antwerp is among other investments totaling more than $2 billion over the last decade at the facility. The expanded hydrocarbon fluids unit will further strengthen ExxonMobil's integrated downstream and chemical portfolio in northwest Europe to better compete in the global industry environment.

West Pharmaceutical Services, Inc Enters into Global Supply Agreement with ExxonMobil Chemical Company

On August 11, 2014, West Pharmaceutical Services Inc. entered into a global supply agreement with ExxonMobil Chemical Company. The agreement is effective for the period January 1, 2014, through December 31, 2018. Under the agreement, EMCC and certain of its subsidiaries have agreed to supply certain identified Exxon butyl polymers to West and certain of its subsidiaries and affiliates. The EMCC products are used as a principal raw material in a broad range of West's polymer-based pharmaceutical packaging products. Pricing for the products is based on discounts of EMCC's and its subsidiaries' list prices. The parties may renegotiate pricing based on changes in certain economic trends and conditions, including but not limited to the levels of industrial production, tire demand, labor rates, energy costs and foreign exchange relationships.

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