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Add as a preferred source on GoogleExxonMobil Plans About $10 Billion in Refining Investments
The allocation is roughly 10% of a program exceeding $100 billion through 2030 to increase global energy supplies.
ExxonMobil plans to put about $10 billion into its refining business as part of a broader program exceeding $100 billion through 2030 to increase global energy supplies, CEO Darren Woods said Friday.
The refining allocation is roughly 10% of the broader program and will focus on existing facilities, including the company’s refineries in Baton Rouge, Louisiana, and Beaumont, Texas. The planned work aims to improve production yields and raise margins on refined products.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.