Exxon Mobil Corp 's U.S. second-quarter refining profits bounced back from ...
)’s U.S. second-quarter refining profits bounced back from a loss earlier this year but remain below past levels in part because of a wave of production outages, according to an examination of data from Reuters and energy industry intelligence service Genscape.
Outages at three refineries, including Exxon’s Baytown, Texas, plant reduced overall profits by $150 million in the June quarter, the company said. Baytown resumed normal operations but two others - in Canada and in Saudi Arabia - are expected to remain at reduced levels through year-end, officials said.
A fire this week that struck a plastics unit at its Baytown chemical plant also temporarily reduced production at the adjacent refinery, said people familiar with the matter.
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