ExxonMobil Shuts Joliet Refinery After Power Outage, Tightening Fuel Supply
XOM sits 50% above its 52-week low of $110.385.
Summary
ExxonMobil shut down its 275,000 barrel-per-day Joliet refinery in Illinois after a power outage on Sunday, September 13, 2026. The refinery accounts for about 6% of Midwest refining capacity, and the outage comes amid record-high U.S. refinery utilization rates above 97%. Global refining capacity is already tight due to conflict-related curtailments in the Middle East and Russia, and this outage adds another supply risk to fuel markets. The company has not yet disclosed the duration of the shutdown or any impact on production. Traders will watch for updates on restart timing and any effect on regional fuel prices.
At the time of this announcement, XOM was trading at $165.08 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $678.8B. The 52-week trading range was $110.39 to $176.41. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.