PASADENA, Calif., Jan 06, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract to provide engineering, procurement, and construction services for ExxonMobil's diesel supply projects in Baytown, Texas, and Baton Rouge, La.
These projects, with scheduled completion in 2010, allow the refineries to meet rising diesel demand globally. Through the construction of new units and modification of existing facilities, the refineries can increase the production of ultra low sulfur diesel.
In making the announcement, Jacobs Group Vice President James Stewart stated, "With this award, ExxonMobil and Jacobs further extend a long working relationship of over 50 years. This is an exciting opportunity to expand our large project portfolio with ExxonMobil, adding to our current engineering, construction, and maintenance presence."
Jacobs, with over 57,000 employees and revenues exceeding $11.0 billion, provides technical, professional, and construction services globally.
Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2008 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.
For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.
http://www.jacobs.com