Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to […]
Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share […]
World Oil (Bloomberg) – Less than two months since Bernard Looney’s shock resignation, BP Plc is going into its first set of quarterly results without a permanent chief executive officer. In his place will stand Murray Auchincloss, […]
Yahoo Finance Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits […]
BP’s strategy is under the microscope following the departure of CEO Bernard Looney, who resigned after failing to disclose the extent of personal relationships with company staff. Wholesale changes — whether embracing the renewables-free approach of its US competitors […]
(Reuters) U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite resilient fuel demand in the U.S., an increase […]
HOUSTON, Aug 3 (Reuters) – Top U.S. liquefied natural gas exporter Cheniere Energy Inc on Thursday reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook. The better-than-expected results came despite […]
HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Earnings at U.S. oil producers have been dented by weak oil […]
Texas-based Diamondback Energy Inc. has reported a net income of $556 million, or $3.05 per diluted share, for the second quarter, dropping 60 percent from its previous-year quarter net income of $1.4 billion, or $7.93 […]
LONDON, July 27 (Reuters) – Shell (SHEL.L) on Thursday reported a 56% fall in second-quarter profit to $5 billion as oil and gas prices and refining profit margins fell, prompting the energy giant to slow its share […]
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