{"id":20345,"date":"2019-02-01T04:44:30","date_gmt":"2019-02-01T10:44:30","guid":{"rendered":"https:\/\/www.pintailcos.com\/chevron-exxon-mobil-sink-billions-into-texas-refineries\/"},"modified":"2019-02-01T04:44:30","modified_gmt":"2019-02-01T10:44:30","slug":"chevron-exxon-mobil-sink-billions-into-texas-refineries","status":"publish","type":"post","link":"https:\/\/pintailcos.com\/web\/chevron-exxon-mobil-sink-billions-into-texas-refineries\/","title":{"rendered":"Chevron, Exxon Mobil Sink Billions into Texas Refineries"},"content":{"rendered":"Two of the nation\u2019s largest oil companies are doubling down on Texas, pouring billions of dollars into refineries.\nChevron USA Inc. has inked an agreement with Petrobras America Inc. to acquire Pasadena Refining Systems Inc. for $350 million. The deal includes all outstanding shares and equity interests, as well as the 192-acre refinery in Pasadena, TX, located on the Houston Ship Channel. The refinery (pictured above) marks Chevron\u2019s first in the Lone Star State.\nMeanwhile, Exxon Mobil announced it will begin construction on an expansion of its Beaumont refinery that will make the facility the largest refinery in the nation. The Irving, TX-based company plans to increase the refinery\u2019s capacity by 250,000 barrels per day, or roughly 65%.\nExxon Mobil expects to create 1,850 jobs during construction of the expansion, and add 40 to 60 jobs in the area once it is complete in 2022. At that time, the refinery will be able to process more barrels of crude oil than any refinery in the United States.\n\u201cThe Gulf Coast is a really good area for refining in general,\u201d said Matthew Blair, head of refiners research at Tudor, Pickering, Holt & Co. \u201cIt\u2019s one of the most cost advantageous locations for refineries in the world.\u201d\nRead More at San Antonio Express News\nRead More at Business Wire\nConnect With Tudor, Pickering, Holt & Co.\u2019s Blair\nSubscribe to Connect Daily Texas \nFor questions, comments or concerns, please contact Jennifer Duell Popovec\nThe post Chevron, Exxon Mobil Sink Billions into Texas Refineries appeared first on Connect Media.","protected":false},"excerpt":{"rendered":"<p>Two of the nation\u2019s largest oil companies are doubling down on Texas, pouring billions of dollars into refineries. Chevron USA Inc. has inked an agreement with Petrobras America Inc. to acquire Pasadena Refining Systems Inc. for $350 million. The deal includes all outstanding shares and equity interests, as well as the 192-acre refinery in Pasadena, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[108],"tags":[],"class_list":["post-20345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"887media\"\/>\n\t<meta name=\"google-site-verification\" content=\"MFbWFkghaMpZAbZ3Qqv_o3sap3nOYArTs4nRWNFi3ig\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/pintailcos.com\/web\/chevron-exxon-mobil-sink-billions-into-texas-refineries\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1.1\" 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