For subscribers
Company Watch
Rex diversifies business for longer-term growth but banks on oil and gas for short-term value
Sign up now: Get ST's newsletters delivered to your inbox
Rex executive chairman John d’Abo told The Straits Times that oil will likely decline in demand in the years to come.
ST PHOTO: ONG WEE JIN
Follow topic:
SINGAPORE – Singapore-listed oil and gas company Rex International is investing in drones and medical technology, betting that these new sectors will offer future growth as fossil fuels are gradually phased out in the transition to a greener planet.
Rex executive chairman John d’Abo told The Straits Times that oil will likely decline in demand in the years to come, so diversifying into other areas offering growth might pay dividends in the future.
