MRC Global Inks Agreement To Be The Primary Provider Of Pipe, Valves And Fitting Products And Services To ExxonMobil In North America; No Terms Dsiclosed
Portfolio Pulse from Benzinga Newsdesk
MRC Global has signed an agreement to become the primary provider of pipe, valves, and fitting products and services to ExxonMobil in North America. The agreement covers all of ExxonMobil's upstream and downstream facilities for maintenance, repair, operations, and project work. No financial terms were disclosed.
June 13, 2024 | 10:34 am
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POSITIVE IMPACT
MRC Global has secured a significant agreement to supply pipe, valves, and fittings to ExxonMobil's North American facilities. This partnership could boost MRC's revenue and market position.
The agreement with ExxonMobil is likely to increase MRC Global's revenue and strengthen its market position as a key supplier in North America. The lack of disclosed financial terms adds some uncertainty, but the overall impact is positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ExxonMobil has chosen MRC Global as its primary provider for pipe, valves, and fittings in North America. This partnership aims to enhance operational efficiency across its facilities.
By selecting MRC Global as its primary supplier, ExxonMobil aims to streamline its supply chain and improve operational efficiency. This could lead to cost savings and better project execution.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70