Summary
Exxon Mobil Corp. has no plans to build new U.S. oil refineries, despite government projections that show U.S. energy consumption growing 1.1 percent per year from 2004 to 2030.
Rex Tillerson, chief executive officer of Exxon Mobil, said in remarks Tuesday in Salt Lake City that his company sees no need for any new refineries, primarily because of capacity expansions that have already occurred in the industry.See the full content of this document
Extract
Exxon Mobil Plans No New Refineries
"Our industry as a whole has added the equivalent of 14 new refineries since 1995,...
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