Exxon planning biggest refinery expansion in the U.S. in a decade
An earlier version of this article incorrectly characterized it as a new investment, when Exxon announced it more than four years ago. The news today is the start of the expansion project. It has been corrected.
Exxon Mobil Corp. XOM, -4.97% said Thursday it has started work on its biggest refinery expansion in the U.S. since 2012 in the form of a $2 billion project at its Beaumont refinery, equal to adding a medium-size refinery. The oil major said the move would increase capacity for transportation fuels by 250,000 barrels a day. That will bring overall capacity to more than 630,000 barrels a day.
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