02:14 PM EDT, 07/11/2025 (MT Newswires) -- Exxon Mobil ( XOM ) will receive up to 1 million barrels of crude oil from the US Strategic Petroleum Reserve to help maintain stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast, the US Department of Energy said Friday.

"The exchange will support ExxonMobil's ( XOM ) restoration of refinery operations that were reduced due to an offshore supply disruption," the department said.

"ExxonMobil ( XOM ) will return the borrowed crude along with additional barrels of crude oil for the SPR at no cost to the taxpayer."

It added that the move won't affect its ongoing efforts to refill the SPR and preserves its operational flexibility.

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