Tuesday, March 1, 2011

Exxon Mobil Down Fractionally; Reports Gas Flaring at Texas Refinery

Exxon Mobil Corp. (XOM) is down 0.15% to $84.40, after the company flared gases at its refinery in Beaumont, Texas, according to Bloomberg, citing a message from a community hot line.

The largest U.S. oil company's spokesman Kevin Allexon said "conditions necessitated that we flare," but declined to elaborate.