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home / news releases / XOM - Weekend fire at Exxon Billings refinery under investigation

XOM - Weekend fire at Exxon Billings refinery under investigation

Exxon Mobil Corporation
Saturday night an explosion and subsequent fire rocked the ExxonMobil (XOM) refinery in Billings; the fire burned for three hours before being put out by fire departments from around the region. The refinery processes ~60kb/d, and the Company said Sunday they "are working diligently to better understand the incident and continue to cooperate with authorities." Refining margins have been on a tear of late, and an extended outage in the region could support profitability for the Phillips (PSX) Billings refinery, as well as Par Pacific (PARR) Wyoming refinery.

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Weekend fire at Exxon Billings refinery under investigation
Stock Information
Company Name: Exxon Mobil Corporation
Stock Symbol: XOM
Market: NYSE
Website: exxonmobil.com
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