XOM · News · 20261104N
Refining Capital Investment
ExxonMobil Holdings Corp · 2026-11-04 · Importance 58 · Surprise 42 · In source text
ExxonMobil expects U.S. refinery investments to add 100,000 barrels per day of distillate production. For 2027–2030, it plans to allocate approximately 10% of its more than $100 billion capital investment program—about $10 billion—to refining. Since 2019, the company has invested around $17 billion in refining, increasing crude-processing capacity by nearly 10%.
Key facts
- ExxonMobil plans to allocate approximately 10% of its more than $100 billion capital investment program for 2027–2030 toward refining operations, representing roughly $10 billion in planned spending, according to media reports citing CEO Darren Woods' Oct. 30, 2026, CNBC interview. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | contingent | -0.3% | ExxonMobil plans to allocate approximately 10% of its more than $100 billion capital investment program for 2027–2030 toward refining… |