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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 EST
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 ($)
Sales 2019 273 B
EBIT 2019 28 243 M
Net income 2019 19 346 M
Debt 2019 37 226 M
Yield 2019 4,35%
P/E ratio 2019 16,57
P/E ratio 2020 13,31
EV / Sales 2019 1,34x
EV / Sales 2020 1,19x
Capitalization 329 B
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Mean consensus HOLD
Number of Analysts 22
Average target price 84,2 $
Spread / Average Target 8,3%
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Darren W. Woods Chairman, President & Chief Executive Officer
Andrew P. Swiger Chief Financial Officer & Senior VP
Samuel J. Palmisano Independent Director
Steven S. Reinemund Independent Director
Kenneth C. Frazier Independent Director
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