Friday, September 17, 2010

Exxon (NYSE:XOM) Affected by Enbridge (NYSE:ENB) Pipeline Stoppage

Exxon Mobil Corp. (NYSE:XOM) said through a spokesman that the shut down of the oil pipeline of Enbridge (NYSE:ENB) has affected their operations.

Specifically impacted by the oil leak was Exxon's Joliet, Illinois refinery, which produces 238,600 barrels a day.

While there are challenges to solve the problem, Exxon spokesman Kevin Allexon said the refinery "continues to operate and we've made alternative crude supply arrangements. We expect to meet our contractual commitments for transportation fuels."

Exxon closed Thursday at $60.97, dropping $0.03, or 0.05 percent.

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