Exxon Baytown Texas Crude Unit Shutdown To Last Through October
Portfolio Pulse from Benzinga Newsdesk
Exxon's Baytown Texas crude unit is expected to remain shut down through October, according to Reuters. This could potentially impact the company's production and revenue.
October 03, 2023 | 6:39 pm
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NEGATIVE IMPACT
The shutdown of Exxon's Baytown Texas crude unit could potentially impact the price of crude oil, which could in turn impact the United States Oil Fund (USO).
The shutdown of Exxon's Baytown Texas crude unit could lead to a decrease in the supply of crude oil, which could in turn lead to an increase in the price of crude oil. This could potentially impact the United States Oil Fund (USO), which tracks the price of crude oil.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Exxon's Baytown Texas crude unit shutdown could potentially impact the company's production and revenue.
The shutdown of Exxon's Baytown Texas crude unit could lead to a decrease in production, which could in turn impact the company's revenue. This could potentially lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100