Chevron U.S.A., Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), has completed a retrofit of its refinery in Pasadena, Texas, which is expected to increase product flexibility and expand the processing capacity of lighter crudes by nearly 15 percent to 125,

Notably, Chevron acquired the Pasadena Refinery in 2019 to expand its Gulf Coast refining system. The recent retrofit will enable the processing of more Permian Basin equity crude, increase product supply in the U.S. Gulf Coast, and enhance synergies with its Pascagoula refinery.

Chevron (NYSE:CVX) said Tuesday it completed an expansion of its Pasadena, Texas, refinery that will allow it to process more light crude oil from the Permian Basin and supply more products to customers on the U.

Shares of energy major Chevron Corp (CVX) were trading 0.52% higher on Tuesday after the company announced it has upgraded its Pasadena refinery to increase capacity, feedstock and product flexibility.