Exxon has restarted key units at its Joliet, Illinois refinery following a three-week outage, with potential to improve gasoline and diesel supplies.
Exxon has begun to restart some units at its refinery in Joliet, Illinois, after a three-week outage. The 251,800-bpd facility was shut down in the middle of July following a power outage caused by a storm. The refinery produces about 9 million gallons daily of gasoline and diesel. “Situations like this take time to recover as they will have to see if the sudden shutdown did damage to any of the units,” an unnamed source close to the company told Reuters at the time.
As of the time of writing, the discount had narrowed from about $15 per barrel to some $13 per barrel. Exxon earlier this month beat Wall Street estimates with the second-highest earnings for the second quarter in a decade as the acquisition of Pioneer Natural Resources fueled a record quarterly production and the highest oil production since the Exxon and Mobil merger. The company reported last week that its second-quarter 2024 earnings came in at $9.2 billion, or $2.
Joliet Refinery Outage Restart Gasoline Diesel Canadian Oil Price Discount Pioneer Acquisition Permian Basin
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