Market Chatter: Fire Damages Chevron's El Segundo Refinery; Shares Up 1%

By Staff,

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Bloomberg reported that a fire yesterday at Chevron Corp.'s ( CVX ) El Segundo refinery, California's largest, damaged equipment associated with the plant's fluid catalytic cracker, a person with knowledge of the refinery's operations said.

The blaze, which ignited at around 6 p.m. local time, damaged the selective catalytic reduction plant, a unit that removes particulates from gas produced by the catalytic cracker, said the person, who asked not to be identified because the information isn't public, according to the report.

CVX shares are up 0.7% at $112.46.

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This article appears in: Investing Commodities
Referenced Stocks: CVX

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