An earlier version of this article incorrectly characterized this as a new investment when Exxon announced it more than four years ago. News today is the start of the expansion project. It has been fixed.
Exxon Mobil Corp. XOM said on Thursday it has begun work on its biggest refinery expansion since 2012 at its Beaumont refinery in the US, a $2 billion project, the equivalent of adding a medium-sized refinery. Is. The oil major said the move would increase transportation capacity…