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ExxonMobil Beaumont Refinery

Oil refinery in Texas, US

  • 5 min read
  • 5 chapters

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Through Petrochemical

History

In 1903, construction started on the Burt Refining Company to capitalize on the prolific Spindletop field located just south of Beaumont. Little was known of Burt Refining's origins other than George A. Burts was the owner and was rumored to have been an agent of John D. Rockefeller. In 1909, the State of Texas seized the refinery as an illegal affiliate of Standard Oil and sold in an auction to Magnolia Petroleum Co. The refinery became Texas's third largest by 1920 under Magnolia as the company expanded throughout the region. As Magnolia Petroleum Company expanded its influence in the southwestern United States, Standard Oil Company of New York (SOCONY Mobil) began acquiring shares in the company. In December 1925, all Magnolia stock was exchanged for Standard Oil of New York shares, and the Texas assets were subsequently transferred to Magnolia Petroleum Company. The Magnolia Refinery played a key role during World War II as it stepped up production and shipped oil globally. By 1959, the operations of the Magnolia Oil Company had been merged entirely into SOCONY Mobil. The refinery further in the ensuing decades to becomes Beaumont's largest employer and eventually Mobil's largest refinery by 1980. In 1999, Exxon and Mobil merged to form the largest oil company in the world and the Beaumont Refinery became one of the 5 largest refineries in the combined company's portfolio. Following a $2 billion major capital investment program twenty five years later, including a new 250,000 bpd crude unit, Beaumont became the third largest oil refinery in North America and the largest of any of ExxonMobil's plants.

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