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ExxonMobil sells Torrance refinery for more than $530 million

2015-10-01 06:14:25| Oil & Gas - Topix.net

ExxonMobil Corp., hounded by regulatory investigations into its safety record since a February explosion tore through the company's Torrance refinery , confirmed today it has sold the crippled plant for $537.5 million to independent refiner PBF Energy. The announcement this afternoon comes a year to the day after the oil giant denied - but industry sources confirmed - that the refinery was on the block.

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