Reuters Reported Late Wednesday, Exxon Mobil Has Agreed To Develop More Than 6,100 Lithium-Rich Acres In Arkansas With Tetra Technologies
Portfolio Pulse from Charles Gross
Exxon Mobil has entered into an agreement with Tetra Technologies to develop over 6,100 lithium-rich acres in Arkansas. The deal is part of Exxon's strategy to expand its lithium business.
June 29, 2023 | 8:56 am
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POSITIVE IMPACT
Tetra Technologies' partnership with Exxon Mobil to develop lithium-rich acres in Arkansas could potentially boost its business and revenues.
The partnership with Exxon Mobil allows Tetra Technologies to participate in a large-scale lithium development project, which could potentially increase its revenues and profitability in the future. This is likely to have a positive impact on Tetra Technologies' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Exxon Mobil's partnership with Tetra Technologies to develop lithium-rich acres in Arkansas could potentially boost its lithium business.
The partnership with Tetra Technologies allows Exxon Mobil to expand its lithium business, which could potentially increase its revenues and profitability in the future. This is likely to have a positive impact on Exxon Mobil's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100