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EXXON MOBIL CORPORATION

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Exxon Mobil : Baton Rouge refinery shuts CDU for planned work - sources

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02/11/2019 | 03:53pm EDT
FILE PHOTO: An airplane comes in for a landing above an Exxon sign at a gas station in the Chicago suburb of Norridge

HOUSTON (Reuters) - Exxon Mobil Corp shut the second-largest crude distillation unit (CDU) at its 502,500-barrel-per-day (bpd) Baton Rouge, Louisiana, refinery on Monday for a planned overhaul, said sources familiar with plant operations.

The overhaul of the 110,000-bpd PSLA 9 CDU is scheduled to last two months. The work was expected to begin this month.

"The Baton Rouge Refinery has shut down some of its units and associated operations for planned maintenance beginning Feb 11," said Exxon spokeswoman Megan Manchester.

The sources said the 22,500 bpd coker was also shut on Monday for a planned overhaul.

Manchester did not identify the units shut at the Baton Rouge refinery.

CDUs do the primary refining of crude oil into feedstocks for all other production units, as well as producing unfinished motor fuels.

Cokers refine residual crude oil received from distillation units into motor fuel feedstocks.

(Reporting by Erwin Seba; Editing by Dan Grebler)

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Financials (USD)
Sales 2019 271 B
EBIT 2019 27 574 M
Net income 2019 15 979 M
Debt 2019 39 028 M
Yield 2019 4,42%
P/E ratio 2019 20,6x
P/E ratio 2020 15,0x
EV / Sales2019 1,35x
EV / Sales2020 1,23x
Capitalization 326 B
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Average target price 85,9  $
Last Close Price 77,1  $
Spread / Highest target 34,9%
Spread / Average Target 11,4%
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