# ExxonMobil Plans About $10 Billion in Refining Investments

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/45217
Published: 2026-10-30T22:55:09.000Z
Updated: 2026-10-30T22:55:09.000Z
Section: Business

> 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.