Referenced Stocks

Market Chatter: ExxonMobil, Aramco to Idle Yanbu Refinery; Shares Slip 1%

By MT Newswires,  November 26, 2012, 01:19:31 PM EDT

Reuters is reporting that the Saudi Aramco Mobil Refinery Company will shut most of the units at its 400,000 barrel per day (bpd) Yanbu refinery in March to bring a new, cleaner fuel project online.

The outage planned by the joint venture between state oil company Saudi Aramco and U.S. energy giant ExxonMobil ( XOM ) is expected to start on March 10 and last for 45-50 days, traders and an industry source said.

XOM shares are down 0.8% at $88.42, and are moving within a 52-week range of $73.90 - $93.67.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: XOM



Latest News Video

Take Control Of Your Wealth
Take Control Of Your Wealth         
How to Avoid Getting Caught Pre-Defection
How to Avoid Getting Caught Pre-Def...
WSJ House of the Week: And the Winner Is…
WSJ House of the Week: And the Winn...
How to Invest When Interest Rates Rise
How to Invest When Interest Rates R...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
PFE $ 29.40 0.24  0.82%
NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%