NEW YORK (Reuters) – Exxon Mobil Corp (XOM.N) is seeking a potential buyer for its roughly 60,000 barrel per day Billings, Montana refinery, according to three sources familiar with Exxon’s plans.
Representatives for large refiners, including Valero Energy Corp (VLO.N) and Marathon Petroleum Corp (MPC.N), have toured the refinery, two of the people said, speaking on condition of anonymity because the process is private.
Ultimately a smaller refiner could be a more likely buyer of the plant, one of the sources said.
Exxon and Valero could not immediately be reached for comment. A spokesman for Marathon declined to comment, but pointed to recent comments from Chief Executive Gary Heminger that the company is mulling portfolio optimization and divestitures.