Exxon Plans to Invest $300 Mln in Mexico

Posted by Michelle Howard May 17, 2017

Exxon Mobil Corp plans to invest about $300 million over 10 years as it enters Mexico's retail fuel market, citing the country's energy reforms as opening the door to new opportunities, the company said Wednesday.

The U.S. oil company said it would open its first station in Mexico in the second half of this year and will direct investments to logistics, products and marketing.

(Reporting By Veronica Gomez)