A unit of Exxon Mobil has entered into a long-term liquefied natural gas (LNG) supply agreement with ARC Resources. This strategic partnership aims to secure a stable and reliable supply of LNG for ExxonMobil's operations.
The long-term nature of the agreement provides certainty for ExxonMobil's gas portfolio, enabling it to better manage supply chain dynamics and meet global demand. This is crucial for its role as a major integrated energy company.
This supply deal reinforces ExxonMobil's position in the global LNG market and supports its efforts to expand its natural gas business. It contributes to the company's overall energy product offerings and revenue streams.
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