Current XOM Stock Info

Damaged pipeline calls for alternative oil transport solution
An emergency request made by ExxonMobil (ticker: XOM) to use tanker trucks to haul crude oil following the rupture of an oil pipe carrying its crude from offshore has been denied by officials in California. Santa Barbara County’s Planning and Development director rejected Exxon’s emergency permit application, saying it did not meet the requirements for expedited review, reports the Associated Press.

Normally, XOM moves its crude through ten miles of pipe owned by Plains All Ameri...

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