Exclusive-Exxon losing veteran oil traders recruited to beef up profit -sources By Reuters – Investing.com

Exclusive-Exxon losing veteran oil traders recruited to beef up profit -sources By Reuters – Investing.com

By Devika Krishna Kumar and Julia Payne

HOUSTON/LONDON (Reuters) -Exxon Mobil Corp has lost two veteran traders from its U.S. energy trading group and a third is leaving its British unit, according to people familiar with the matter, in a continued exodus of top talent from the oil major.

Exxon (NYSE:) last year reversed course on an expansion of its oil and petroleum products trading as fuel demand tumbled during the pandemic. The company suffered a $22.4 billion loss in 2020, leading to deep job and cost cuts across the business.