financetom
Business
financetom
/
Business
/
Exxon Mobil to reconfigure key Baytown complex in US
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exxon Mobil to reconfigure key Baytown complex in US
Aug 26, 2025 8:31 AM

Aug 26 (Reuters) - Top U.S. energy producer Exxon Mobil ( XOM )

said on Tuesday it has made a final investment decision

to reconfigure its Baytown, Texas, complex to increase

production of diesel and base stocks.

Baytown, one of the company's largest integrated refining

and petrochemical complexes, has been central to its U.S.

operations for decades.

Exxon did not disclose the size of the investment, but said

it would allow the company to expand its product offerings to

include Group III base stocks, the key building blocks for

premium lubricants.

The company said it would produce about 8,000 barrels per

day of Group III from the Baytown complex following the

completion of the restructuring.

It is expected to start up in 2028, the company said, adding

it will also evaluate similar reconfigurations at other U.S.

Gulf Coast sites.

The Baytown move would make Exxon the only supplier to offer

the full range of Group I to V base stocks.

Base stocks refer to highly refined mineral oils, which

undergo processes to achieve greater molecular uniformity and

stability.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
UK's Tullow Oil posts annual profit on lower impairments, asset revaluation gains
UK's Tullow Oil posts annual profit on lower impairments, asset revaluation gains
Mar 25, 2025
March 25 (Reuters) - West Africa-focused independent oil and gas explorer Tullow Oil ( TUWLF ) posted an annual profit on Tuesday, largely helped by a reduction in impairments and asset revaluation gains. The London-listed company's profit after tax for the year ended December 31 came in at $55 million, compared with a loss of $110 million reported a year...
Roivant Sciences Insider Sold Shares Worth $8,190,725, According to a Recent SEC Filing
Roivant Sciences Insider Sold Shares Worth $8,190,725, According to a Recent SEC Filing
Mar 25, 2025
03:14 AM EDT, 03/25/2025 (MT Newswires) -- Eric Venker, President & Chief Operating Officer, on March 20, 2025, sold 750,000 shares in Roivant Sciences ( ROIV ) for $8,190,725. Following the Form 4 filing with the SEC, Venker has control over a total of 1,127,290 common shares of the company, with 1,127,290 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1635088/000114036125010120/xslF345X05/form4.xml ...
China's Xiaomi raises $5.5 billion in share sale as EV plans ramped up
China's Xiaomi raises $5.5 billion in share sale as EV plans ramped up
Mar 25, 2025
(Reuters) -China's Xiaomi Corp ( XIACF ) said on Tuesday it had raised $5.5 billion in an upsized share sale as the company pushes forward with its ambitious electric vehicle manufacturing plans. The company sold 800 million shares at HK$53.25 each, it said in a statement to the Hong Kong Stock Exchange. The world's third-largest smartphone maker has seen its...
Intuit Insider Sold Shares Worth $4,431,935, According to a Recent SEC Filing
Intuit Insider Sold Shares Worth $4,431,935, According to a Recent SEC Filing
Mar 25, 2025
03:16 AM EDT, 03/25/2025 (MT Newswires) -- Marianna Tessel, Executive Vice President, Global Business Solutions Group, on March 21, 2025, sold 7,385 shares in Intuit (INTU) for $4,431,935. Following the Form 4 filing with the SEC, Tessel has control over a total of 40,190 common shares of the company, with 40,190 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/896878/000162828025014584/xslF345X05/wk-form4_1742864670.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved