XOM - Texas deep freeze shuts oil refineries pipelines

The Arctic cold snap descending across Texas has shut oil refineries in the state, forced restrictions from natural gas pipeline operators, and caused the state's electric grid operator to impose rotating blackouts.Saudi-owned Motiva Enterprises says it is shutting down its Port Arthur, Tex., manufacturing complex, which includes its refinery - the largest in the U.S., with more than 630K bbl/day of product.Total's (TOT) Port Arthur oil refinery reportedly is running crude units at minimum rates and has shut its coking unit.Exxon Mobil (XOM) is said to be shutting units at its 369K bbl/day Beaumont refinery.South of Houston near Galveston Bay, Marathon Petroleum (MPC) shut its refinery in response to the chill,The cold also has forced Lyondell Basell (LYB) to operate its 263K bbl/day Houston refinery at minimum production, and Marathon Petroleum (MPC) has shut most units at its 585K bbl/day Galveston Bay plant.Kinder Morgan (KMI) reports capacity constraints at various

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Texas deep freeze shuts oil refineries, pipelines