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4-Traders Homepage  >  Equities  >  Nyse  >  Exxon Mobil Corporation    XOM

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Exxon Mobil Corporation : Exxon partially restarts Louisiana North Line

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05/07/2012 | 10:49pm CEST

ExxonMobil Pipeline Co has partially restarted the North Line oil pipeline after it was shut down more than a week ago because of a leak in rural Louisiana, a spokeswoman said on Monday.

"Over the weekend, ExxonMobil Pipeline Co restarted the portion of the North Line crude pipeline which runs from St. James, Louisiana, to Anchorage, Louisiana," spokeswoman Claire Hassett said in an email.

The 160,000 barrel per day North Line, which serves five refineries including ExxonMobil's huge Baton Rouge facility, was shut on April 28 by a 1,900-barrel leak near Torbert, Louisiana.

Refinery operators had said they were able to keep operating despite the shutdown.

The stretch of North Line that was reopened extends northward from St. James to near Baton Rouge. The stretch affected by the leak, northwest of Baton Rouge, remained shut, the spokeswoman said.

ExxonMobil Pipeline last week restarted its South Line, which had been shut in April for planned inspection. The line runs from Raceland northward to Anchorage.

The shutdowns involved mostly Heavy Louisiana Sweet crude, the price of which had appeared little affected by the interruptions.

(Reporting by Bruce Nichols)

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Financials ($)
Sales 2017 277 451 M
EBIT 2017 22 934 M
Net income 2017 16 715 M
Debt 2017 36 391 M
Yield 2017 3,77%
P/E ratio 2017 20,51
P/E ratio 2018 17,79
EV / Sales 2017 1,37x
EV / Sales 2018 1,28x
Capitalization 344 235 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 87,0 $
Spread / Average Target 7,1%
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Darren W. Woods Chairman, President & Chief Executive Officer
Andrew P. Swiger Chief Financial Officer & Senior VP
Michael J. Boskin Independent Director
Samuel J. Palmisano Independent Director
Steven S. Reinemund Independent Director
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