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pepeoil

05/11/18 7:27 AM

#100327 RE: bildo #100326

Why would Exxon spend billions to upgrade infrastructure to get the oil out of the basin so it can be refined more efficient and marketed at better margins? Is Exxon stupid and mmex knows more than Exxon?


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Jan 30, 2018 - 11:00 a.m. EST

ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure
Company plans to invest more than $2 billion in terminal and transportation expansion
Investments supported by changes to U.S. corporate tax rate
Downstream and Chemical expansions progressing due to increased low-cost supply