- ExxonMobil makes Final Investment Decision for a major reconfiguration project, increasing production of higher-demand products like base stocks and diesel.
   - Will position ExxonMobil as the only supplier offering the full range of Group I-V base stocks, helping to meet demand for premium lubricants.
   - High-value products grow profitability, showcasing how deeply integrated facilities and unmatched scale across chemicals, lubricants, and fuels drive superior performance and shareholder value.
   - Investment in Baytown secures local construction jobs, supports economic growth, and highlights the longevity of our assets.

A major reconfiguration project will soon be under way at ExxonMobil’s Baytown, Texas, complex that will reshape our production capabilities and position the business for long-term success in a changing energy landscape. The strategic investment is planned to start up in 2028 and will support the continued delivery of essential energy products while allowing greater flexibility to meet future demand.

Aligning with market demand and enhancing competitiveness

As gasoline demand declines over time, the need for high quality base stocks and liquid fuels, especially diesel, will remain strong. This investment allows ExxonMobil to shift production toward these higher-value products. Specifically, the investment enables the expansion of the product offering to include high-quality Group III base stocks, key building blocks for lubricants. As a result, ExxonMobil will be the only supplier offering the full range of Group I-V base stocks.

Our Product Solutions portfolio is highly integrated, with more than 80% of our sites having co-located refining and petrochemical operations--an advantage that improves profitability, reduces costs, and places us in a league of our own. No other international oil company matches our scale in chemicals, lubricants, and fuels. We will evaluate similar reconfigurations at other U.S. Gulf Coast sites, showcasing the flexibility and enduring competitiveness of our portfolio.

Investing in communities and the future of energy

Our investment in Baytown secures local construction jobs, supports economic growth, and highlights the long-term value of our assets. It’s a clear demonstration of our dedication to the communities where we operate, and to building a resilient, forward-looking energy business.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions – provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants, and chemical companies in the world. ExxonMobil also owns and operates the largest CO2 pipeline network in the United States. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity.