re: XoM sells Chalmette Refinery to PBF Energy

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So what will a company like Exxon typically do with the money from the sale?

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With lower crude prices refineries will have a tough time getting margins the next 10 years as good as margins they've had from 2005 to 2014 IMO. They might move this money from their refining business to the chemicals business in the US. US chemicals still have a nice advantage over the rest of the world from a feed stock cost standpoint.