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Exxon Mobil and Chevron are in strong competition within the global market. Their rivalry focuses on product quality, pricing strategies, and distribution capabilities. Exxon Mobil produces Group II and III base oils, emphasizing technological advancements and sustainability. The company invests in R&D to develop new lubricant formulations that meet industry standards.
Chevron uses its extensive distribution network to expand its market reach and offers a range of conventional and synthetic base oils. Chevron also integrates eco-friendly practices into its production processes. In the dynamic base oil industry, both companies rely on product innovation, pricing strategies, and robust distribution channels to maintain their competitive advantages.
Major players operating in the base oil industry are: