Enter multiple symbols separated by commas

Exxon Mobil Delays Work on Louisiana Gasoline Unit

Exxon Mobilhas delayed work on the 71,600 barrel per day gasoline-making fluid catalytic cracking unit at its 188,160 barrel per day refinery in Chalmette, La., trade sources said on Tuesday.

The work, which the oil giant planned to begin on Aug. 20, is now scheduled to start in the first week of September, traders said.

A company spokeswoman was not immediately available to comment on the work at the refinery, which is a joint venture between Exxon Mobil and Venezuelan state oil company, PDVSA.


In other industry news, Hurricane Dean, which hit Mexico's Caribbean coast on Tuesday as a Category 5 event -- the most intense Atlantic storm to make landfall in 20 years -- has since weakened and been downgraded to a Category 1 storm.

As a Category 1 storm, it has maximum sustained winds of 85 miles per hour; earlier, Dean had packed winds near 165 miles per hour. Initially, it was feared that Dean might wreak havoc on oil facilities along Mexican and Texas coasts, but the current path has reportedly eased those worries.

Contact U.S. News


    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.