The country’s largest refiner earned more than five times what it made a year ago. Here is what a $45.70-a-barrel margin looks like on the sign at your gas station. By Energy News Beat | Nov. 3, 2026 If you filled up this summer and wondered where the money went, Marathon Petroleum just showed you […]
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Downstream produced 49.7% of Chevron’s third-quarter earnings on 7.8% of its capital spending. The refineries ran at 98% of capacity to do it, and nobody will say what the maintenance bill is. By Energy News Beat | Oct. 30, 2026 | Chevron Q3 2026 earnings release, read Oct. 30, 2026; EIA monthly data through August […]
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ExxonMobil made $7.169 billion refining and $7.088 billion pumping oil in the third quarter, the first time in at least six years the refineries won, with its Gulf Coast crude units at 100%. What it costs to keep them there is the one number neither ExxonMobil nor Chevron will publish. By Energy News Beat | […]
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The quarter Shell lost its Qatari supply was its best since 2022, and not for the reason most people think. Refining paid for it. A portfolio of options made the difference. By Energy News Beat | Oct. 29, 2026 | Shell results published 7:00 a.m. GMT; LNG prices read 1:00 p.m. CT Shell earned $10,814 […]
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Refining profit nearly doubled to $6.06 billion on 98% utilization and a third-quarter record 41% distillate yield. Record output is the good news. The margin is the warning. By Energy News Beat | Oct. 28, 2026 Company results from Phillips 66’s Form 8-K, Exhibit 99.1, filed Oct. 28, 2026; diesel, utilization and capacity data from […]
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International revenue climbed to $3.5 billion while North America slipped to $2.2 billion as U.S. fracking slowed. Here is what Halliburton’s Q3 2026 results mean for your fuel bill, oilfield jobs and HAL shareholders. Energy News Beat | October 23, 2026 If you want to know where the oil patch is heading, follow the companies […]
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California’s biggest utility missed Wall Street by a penny but held its 2026 and 2027 outlook. For customers, the bigger story is a typical 500 kWh bill of $203.54 a month and wildfire costs that keep landing on ratepayers. PG&E Corporation (NYSE: PCG) reported third-quarter results on Thursday, Oct. 22. Non-GAAP core earnings came to […]
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The Denver frac company’s third-quarter sales rose 26% from a year ago, and it raised its dividend 11%. But adjusted earnings came in below forecasts, and a markdown on investments pushed it to a $39 million net loss. Liberty Energy (NYSE: LBRT), a top North American frac company, reported its third-quarter results after the market […]
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The San Antonio refiner’s third-quarter profit rose about sixfold from a year ago, beating Wall Street’s forecast. Here is what a $72-a-barrel diesel margin means, what it doesn’t, and why it swings. Diesel costs $6.31 a gallon this morning, the AAA national average at 6:24 a.m. CT, up from $3.63 a year ago. That is […]
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NextEra Energy, Inc. (NYSE: NEE) reported third-quarter 2026 results on October 21, 2026, showing adjusted earnings growth of 9.7% year-over-year, a beat on profit estimates, and continued expansion of its renewables and storage development pipeline. GAAP results were boosted by non-cash hedge gains, while revenue came in below expectations. Management reaffirmed full-year adjusted EPS guidance […]
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