ExxonMobil Affiliates Sell Shares of Malaysian Downstream Businesses to San Miguel Corporation


Now, will Muslims stop purchasing petrol at ESSO and Mobil stations, as they are owned by a brewery?

Dateline 2011-08-17:

ExxonMobil affiliates and San Miguel Corporation (SMC) have reached agreements for the sale of ExxonMobil’s interest in three businesses operating in the Malaysian Downstream petroleum sector.

The agreements includes ExxonMobil’s 65% stake in the publicly traded company Esso Malaysia Berhad (EMB), which operates the Port Dickson refinery, as well as its wholly-owned ExxonMobil Malaysia Sdn Bhd (EMMSB) and ExxonMobil Borneo Sdn Bhd (EMBSB) affiliates which are involved in the retail, industrial and wholesale and aviation fuels businesses.

These refining, distribution and fuels marketing businesses will continue to operate as they do today under the new shareholder.

 

5 Responses to ExxonMobil Affiliates Sell Shares of Malaysian Downstream Businesses to San Miguel Corporation

  1. hans says:

    Hmm. Personally I don’t really care. I just interested in something that value for my money.

  2. Rig Rat says:

    They can start producing beer offshore now and directly to the bear tap near you.

  3. Jabbathehutt says:

    i’d buy bear if it can fuel my car and it works out cheaper (RM/km)!

  4. PerwiraKL says:

    This deal continues the flow of Malaysian taxpayers money from KL to Washington now shifting from KL to Manila as all oil companies guaranteed operating and company margins are paid by the Malaysian Government from our hard-earned taxpayer funds! This alone is sufficient reason for all Malaysian taxpayers to oppose this sale. Pls e-mail me at (email withheld) if you’re interested to get details.

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