ExxonMobil is set to execute a major reconfiguration project at its Baytown, Texas, complex that will reshape the company’s production capabilities and position the business for long-term success in a changing energy landscape.

The strategic investment is planned to start up in 2028 and will support the continued delivery of essential energy products while allowing greater flexibility to meet future demand.

As gasoline demand declines over time, the need for high quality base stocks and liquid fuels, especially diesel, will remain strong. This investment allows ExxonMobil to shift production toward these higher-value products.

Specifically, the investment enables the expansion of the product offering to include high-quality Group III base stocks, key building blocks for lubricants. As a result, ExxonMobil will be the only supplier offering the full range of Group I-V base stocks.

ExxonMobil’s Product Solutions portfolio is highly integrated, with more than 80% of sites having co-located refining and petrochemical operations--an advantage that improves profitability, reduces costs, and places us in a league of our own. No other international oil company matches our scale in chemicals, lubricants, and fuels. We will evaluate similar reconfigurations at other U.S. Gulf Coast sites, showcasing the flexibility and enduring competitiveness of our portfolio.

“Our investment in Baytown secures local construction jobs, supports economic growth, and highlights the long-term value of our assets. It’s a clear demonstration of our dedication to the communities where we operate, and to building a resilient, forward-looking energy business,” the company said.