Skip to content
Advertisement
Exxon Mobil shuts down major Joliet refinery, impacting Midwest diesel supply

Exxon Mobil shuts down major Joliet refinery, impacting Midwest diesel supply

Photo by Jan Zakelj

Crude oil all time high predictions

Exxon Mobil Corporation (XOM) price

Full chart and stats

Loading chart…

Market cap
$748.5B (shares as of 2026-06-30)
P/E (trailing)
Unavailable: no trailing SEC earnings: no complete trailing window in the SEC EPS data
Annual revenue
Unavailable: no annual filing figure
Annual revenue growth
Unavailable: no annual filing figure
Annual net income
Unavailable: no annual filing figure
Annual operating margin
Unavailable
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Exxon Mobil Corporation and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Exxon Mobil Corporation XOM · Price dated Oct 28, 2026 · tokenized XOMx $182$748.5BUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Chevron Corporation CVX · Price dated Oct 28, 2026 · tokenized CVXx $229$452.8B22.1Unavailable$189.0BFY ended 2025-12-31 · 10-K−6.8%FY ended 2025-12-31 vs 2024-12-31 · 10-K12,299,000,000FY ended 2025-12-31, attributable to the company · 10-KUnavailable
ConocoPhillips COP · Price dated Oct 28, 2026 $149$179.1B19.7Unavailable$58.9BFY ended 2025-12-31 · 10-K+7.7%FY ended 2025-12-31 vs 2024-12-31 · 10-K7,988,000,000FY ended 2025-12-31, attributable to the company · 10-KUnavailable

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 4:26 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Exxon Mobil has shut down its Joliet refinery in Illinois, a major facility producing approximately 11 million gallons of gasoline and diesel per day, due to power outage issues. This development is expected to contribute to tighter diesel supply in the U.S. Midwest, where diesel prices are already high, hovering around $6 to $6.26 per gallon. The refinery shutdown, following a plant-wide outage and safety flaring, is likely to impact regional fuel availability and may lead to further price increases. Markets are closely monitoring the situation, as this supply disruption could influence crude oil prices and potentially contribute to reaching new all-time highs.

Key Takeaways

  • The shutdown of Exxon Mobil’s Joliet refinery appears to suggest a significant reduction in diesel supply in the Midwest.
  • Market pricing indicates potential upward pressure on crude oil prices, consistent with scenarios supporting a new all-time high.
  • The impact on diesel prices could be significant, given the already tight supply and high price levels in the region.

What to Watch

Observers should monitor Exxon Mobil’s progress in stabilizing and restarting the Joliet refinery, as prolonged downtime could further strain fuel supplies. Additionally, developments in global crude oil markets, including OPEC production decisions and geopolitical tensions, may influence the likelihood of oil prices reaching new highs. Markets will also be attentive to any indicators from key energy figures such as OPEC’s Secretary General and the Saudi Minister of Energy, which could impact pricing expectations.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

More in Macro

See all
Previous storyUS government uses Alibaba AI tool amid military ties scrutiny