Jacobs receives contract for ExxonMobil to support crude oil refining

Source:Jacobs Engineering

The project aims to expand crude oil throughout at ExxonMobil’s Beaumont refinery.

Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was selected by ExxonMobil to perform engineering, procurement and construction management (EPCM) services for its Crude Flexibility Engineering and Construction Project at the ExxonMobil Refinery in Beaumont, Texas.

Company officials did not disclose the contract value, but noted that this project is a release against an existing long-term agreement.

The project aims to expand crude oil throughout at ExxonMobil’s Beaumont refinery, increase production in the jet fuel unit, and optimize energy usage by enabling the crude unit to run different crude slates.

In making the announcement, Jacobs Group Vice President Manuel Junco stated, “We are pleased to build upon our long-term relationship with ExxonMobil and strengthen our presence at the Beaumont Refinery as we help them reach their goals on this project.”

Jacobs is one of the world’s largest and most diverse providers of technical professional and construction services.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements, please refer to our 2014 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.

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