Exxonmobil oil and gas company USA is actively increasing trading operations around the world amid continuing high prices for its products. The company has recently stepped up efforts to increase derivatives trading in the commodities market. Bloomberg reported, according to its sources.

Also, the Exxon oil and gas company is reviewing the system of compensation for traders, including the size of bonuses, said one of the interlocutors of the agency.

Exxon has already hired at least three traders and analysts in the past two months, the sources added. In recent weeks, the company has opened several positions in gas, cargo and other product trading at offices in London and Houston.

“We are not going to speculate about current or future business plans. The company continues to invest in the trading division,” its spokesperson said in a commentary for Bloomberg.

Exxon took some steps in 2018 to organize an oil trading group. But with the onset of the coronavirus pandemic, which caused energy demand to plummet, the company curtailed activities in that area and cut funding.

However, this year, against the background of the world’s major economies emerging from the pandemic crisis and geopolitical tensions, volatility prevailed in the oil market, which brings traders large profits. In March, after the start of the Russian-Ukrainian conflict, oil prices jumped above $130 a barrel, but since then they have already fallen by more than 20%.