IIR Energy Says Exxon Mobil's 630,000 Barrel/Day Beaumont Refinery Experiencing Issues Related To Loss Of Steam
Portfolio Pulse from Benzinga Newsdesk
IIR Energy reports that Exxon Mobil's 630,000 barrel/day Beaumont refinery is experiencing issues due to a loss of steam.
June 18, 2024 | 7:34 pm
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Exxon Mobil's Beaumont refinery, which has a capacity of 630,000 barrels/day, is experiencing operational issues due to a loss of steam. This could temporarily impact production and potentially affect the company's stock price.
The loss of steam at a major refinery like Beaumont can lead to reduced production capacity, which may negatively impact Exxon Mobil's short-term revenue and stock price. Investors might react to the news by selling off shares, leading to a potential decline in stock price.
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