Updates
March 29, 2011: XOM increases energy supplies to Japan by 140%.
In an ongoing effort to quickly and safely supply much needed fuel to the areas in Japan hardest hit by the earthquake, ExxonMobil Group Japan has increased fuel supply into its Tohoku region dealer service station network by 140 percent above pre-earthquake levels. Since the March 11 earthquake and tsunami, ExxonMobil has moved more than 24 million liters of fuel, including gasoline, diesel, and kerosene, into the Tohoku region in northeast Japan, enough to fill 1,200 tank trucks.
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This should be another incredible quarter for XOM.
Exxon has re-opened its Japanese terminal, and has opened the terminal to other suppliers, as Japan has asked for increased oil and kerosene to be delivered. I assume XOM will be reimbursed for use of their terminal.
In addition, XOM has now re-started all four of its Japan Group refineries, and they are working at near capacity. I recall that nuclear power provided 30 percent of energy to Japan, and I would assume much, if not most, of that has been curtailed.
When the world needs a policeman, they call the US military.
When the world needs energy, they call XOM. (More on that later, perhaps.)
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