ExxonMobil (XOM) Announces $2B Beaumont Refinery Expansion

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ExxonMobil Boosts Fuel Supply with $2 Billion Beaumont Refinery Expansion

March 16, 2023 6:00 AM EDT

Largest refinery expansion in U.S. since 2012, equivalent to adding a medium-sized refinery $2 billion project increases capacity for transportation fuels by 250,000 barrels per day Well executed from design to startup, global project comes online on time and on budget

IRVING, Texas--(BUSINESS WIRE)-- ExxonMobil today announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the companys growing crude production in the Permian Basin,... More