XOM · News · 20261104N

Refining Capacity Investment

ExxonMobil Holdings Corp · 2026-11-04 · Importance 58 · Surprise 42

ExxonMobil plans to allocate approximately 10% of its more than $100 billion capital investment program for 2027–2030—roughly $10 billion—to refining operations, according to media reports citing CEO Darren Woods’s October 30, 2026 CNBC interview. Investments across U.S. refineries are expected to increase distillate production by another 100,000 barrels per day. The company has invested around $17 billion in refining since 2019, increasing crude processing capacity by nearly 10% over that period.

Key facts

• ExxonMobil has invested around $17 billion in refining since 2019, increasing crude processing capacity by nearly 10% over the period. source