ExxonMobil to Expand U.S. Domestic Crude Processing Capacity at Beaumont Refinery
August 04 2015 - 8:00AM
Business Wire
- Investment to increase crude capacity
by 20,000 barrels per day and increase flexibility
- Company demonstrating continued
commitment to development of U.S. energy sector
- Expansion will increase refinery’s
energy efficiency
ExxonMobil will add flexibility to process light crudes at its
Beaumont refinery, increasing production capacity by approximately
20,000 barrels per day. This expansion will further strengthen
ExxonMobil’s integrated downstream portfolio in Southeast
Texas.
“This project will grow our capacity and flexibility to process
light crude oils,” said Jerry Wascom, president of ExxonMobil
Refining and Supply Company. “Building on the recent increases in
domestic oil and gas production, this investment further
strengthens the competitiveness of the company’s strategic assets
in North America and enhances U.S. energy security.”
The increase in capacity at the Beaumont refinery is made
possible in large part by abundant, affordable supplies of U.S.
light crude from shale and demonstrates ExxonMobil’s long-term view
and disciplined approach toward advantaged business investments,
and the company’s continuing commitment to American economic growth
and job creation. Beaumont is well positioned to competitively
supply high-demand growth markets around the U.S.
“ExxonMobil continues to strengthen its portfolio of world-class
refining assets,” said Fernando Salazar, refinery manager,
ExxonMobil’s Beaumont refinery. “The expanded crude unit at
Beaumont refinery supports the company’s position as a leader in
the global energy market by improving the production slate, and
enabling improvement in the product yield in a highly
energy-efficient manner that will further strengthen the
industry-leading position of our assets.”
About ExxonMobil Refining & Supply
ExxonMobil Refining & Supply and its stewarded affiliates
operate a global network of reliable and efficient manufacturing
plants, transportation systems, and distribution centers that
provide a range of fuels, lubricants, and other high-value products
and feedstocks to our customers around the world.
About Beaumont Refinery
ExxonMobil’s Beaumont refinery is part of the company’s
integrated operations in Beaumont, TX, that includes a 345,000
barrels of crude oil per day refinery, as well as chemical,
lubricants and polyethylene plants. ExxonMobil has more than 2,000
area employees and its operations account for approximately 1 in
every 7 jobs in the region. Its employees proudly support and
volunteer for numerous community organizations and charitable
contributions. In 2014, its Beaumont area employees raised more
than $900,000 for the United Way of Beaumont and North Jefferson
County.
CAUTIONARY STATEMENT: Statements of future events or
conditions in this release are forward-looking
statements. Actual future results, including project plans and
capacities, could differ materially due to changes in market
conditions affecting the oil and gas industry or long-term price
levels for oil, gas and refined products; political or regulatory
developments, including changes in environmental laws; the
occurrence and duration of economic recessions; the actions of
competitors; technical or operating factors; and other factors
discussed under the heading "Factors Affecting Future Results" in
the Investor Information section of our website
(www.exxonmobil.com) and in Item 1A of our most recent Form
10-K. The term "project" as used in this release does not
necessarily have the same meaning as under any government payment
transparency reporting rules.
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(US) Todd SpitlerMedia Line, 832-625-4000
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