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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
A view of the Exxon Mobil refinery in Baytown, Texas

HOUSTON (Reuters) - 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 2018 293 B
EBIT 2018 32 244 M
Net income 2018 20 616 M
Debt 2018 34 740 M
Yield 2018 4,00%
P/E ratio 2018 16,62
P/E ratio 2019 16,51
EV / Sales 2018 1,26x
EV / Sales 2019 1,27x
Capitalization 336 B
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Number of Analysts 23
Average target price 85,8 $
Spread / Average Target 8,2%
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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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