Exxon Mobil (XOM) is studying opportunities for refinery upgrades after starting up operations at four new refining and chemicals initiatives this year, Reuters’ Sheila Dang reports. Upgrading existing refineries and diversifying production allows the company to keep investment costs low and better withstand fluctuating supply and demand markets, CEO Darren Woods said Friday.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on XOM:
- Exxon Mobil Appoints Greg C. Garland as Director
- Exxon Mobil’s Strategic Growth and Operational Excellence Support Buy Rating
- Midday Fly By: AWS in deal with OpenAI, Kimberly-Clark to buy Kenvue
- Exxon Mobil price target raised to $155 from $128 at Scotiabank
- Exxon Mobil CEO warns EU law may lead to exit from Europe, Reuters says