Exxon Mobil Says Deal With Japan's Marubeni To Boost Global Energy Supply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
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Source: Benzinga
Long-term Deal with Marubeni: Exxon Mobil has signed a long-term agreement with Marubeni Corporation to supply approximately 250,000 tonnes of low-carbon ammonia annually from its Baytown, Texas facility, which is set to become the world's largest producer of near carbon-free hydrogen and low-carbon ammonia.
Investment and Market Impact: The project’s final investment decision is expected in 2025, depending on regulatory approvals, while ExxonMobil aims to support Japan's decarbonization goals and enhance global energy supply through this partnership.
Analyst Views on FENY
Wall Street analysts forecast FENY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FENY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
