Sunday, December 15, 2024

ExxonMobil Combines Refining and Marketing Arms

ExxonMobil (ticker: XOM) announced it will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants. The combination will take place in Q1 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has been appointed president of the combined division. According to Exxon’s press release “By combining activities of the two divisions

Magellan Begins Open Season for Permian-Eagle Ford-Corpus Christi Pipeline

Magellan Midstream Partners, L.P. (NYSE: MMP) announced today that it intends to develop a new pipeline and has launched an open season to assess customer interest to transport various grades of crude oil and condensate from the Permian and Eagle Ford Basins to multiple destinations in the Corpus Christi and Houston, Texas markets, including Magellan’s existing crude oil terminals in