Exxon Mobil targets initial production of sanitizer to fill 5 million bottles, to donate to medical providers - MarketWatch

Exxon Mobil Corp. XOM, +3.13% said Friday it is targeting initial production of 160,000 gallons of medical grade sanitizer, which will be donated to health care providers and first responders in Louisiana, New York, New Jersey, New Mexico and Texas as they battle the COVID-19 pandemic. The target amount will be able to fill five million four-ounce bottles of sanitizers. The oil giant said it has reconfigured its manufacturing operations in Louisiana to make the sanitizer. Earlier this month, Exxon said it had increased production of isopropyl alcohol (rubbing alcohol) by 3,000 tons, which is enough to make up to 50 million 4-ounce bottles of medical-grade hand sanitizer. Exxon's stock, which rose 1.5% in premarket trading, has dropped 34.5% over the past three months through Thursday, while the Dow Jones Industrial Average DJIA, +0.16% has declined 18.9%.

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https://www.marketwatch.com/story/exxon-mobil-targets-initial-production-of-sanitizer-to-fill-5-million-bottles-to-donate-to-medical-providers-2020-04-24?mod=mw_latestnews

2020-04-24 12:10:00Z
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