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ELECTRICITÉ DE FRANCE

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Real-time Euronext Paris  -  11:35 2022-08-10 am EDT
11.88 EUR   -0.17%
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Strike ends at Exxon refinery in France

07/03/2022 | 08:57am EDT

PARIS, July 3 (Reuters) - A workers' strike at Exxon Mobil's Esso refinery in Fos-sur-Mer in southern France stopped on Saturday and the halted units are being restarted, the company said on Sunday.

"We're doing everything to ensure that operations and supplies resume at the earliest so that we can serve our clients as soon as possible," said Esso spokeswoman Catherine Lebrun.

The strike resulted in the refinery being temporarily shutdown on Friday.

Exxon's Fos site has a refining capacity of 7 million tonnes per year, which corresponds to about 10% of national capacity, according to the company.

The walkouts at Esso started on June 28, with workers demanding higher wages to cover inflation. They were part of wider union efforts this week that have hit other energy companies such as state-owned electric power utility EDF .

Lebrun added that talks between management and all related parties led to the ending of the strike, without specifying that any deal had been struck.

Next week, the government is due to introduce new legislation aimed at boosting the purchasing power of families. (Reporting by Benjamin Mallet, writing by Juliette Jabkhiro, Editing by Louise Heavens)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE -0.17% 11.88 Real-time Quote.20.49%
EXXON MOBIL CORPORATION 0.68% 91.2579 Delayed Quote.48.05%
FOS S.P.A. 0.59% 3.4 Delayed Quote.-12.21%
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Financials
Sales 2022 86 343 M 88 312 M 88 312 M
Net income 2022 -10 856 M -11 104 M -11 104 M
Net Debt 2022 70 473 M 72 080 M 72 080 M
P/E ratio 2022 -3,69x
Yield 2022 -
Capitalization 44 455 M 45 469 M 45 469 M
EV / Sales 2022 1,33x
EV / Sales 2023 1,24x
Nbr of Employees 163 423
Free-Float 18,4%
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Mean consensus HOLD
Number of Analysts 11
Last Close Price 11,90 €
Average target price 11,32 €
Spread / Average Target -4,90%
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Managers and Directors
Jean-Bernard Levy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Laurence Parisot Independent Director
Claire Pédini Independent Director
Bruno Crémel Independent Director
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