Exxon Mobil to withdraw from Japan

(process-worldwide) -- The world's biggest oil corporation takes its leave in Japan: Exxon sells all Japanese production and sales operations for USD3.9 billion.

Tokyo/Japan – Exxon Mobil withdraw from operation in Japan: The number one 'big oil' company announced plans to restructure its business in Asia, selling all productive and retail operations in Japan to Japanese refiner Tonen General Sekiyu for approximately USD3.9 billion.

Exxon's only remaining commitment in Japan will be the large shares that the company holds in Tonen General Sekiyu and its participation on its Board of Directors. The Japanese refiner will have exclusive, long-term use of Exxon Mobil’s existing brands on the Japanese market.