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Exxon, Chevron Earnings Face This Risk
Exxon, Chevron Earnings Face This Risk After BP Profit Warning
The broader problem is weak demand for refined products such as gasoline and jet fuel amid an economic slump in China, as well as increased supply from new refineries in Asia and the Middle East.
BP warns of earnings hit from weak refining margins
The London-listed oil major said its refining margins had fallen to an average of $16.5 a barrel in the third quarter, compared with $20.6 a barrel in the previous three months, causing a $400mn to $600mn hit to earnings.
BP issues earnings warning as weaker refining margins take their toll
Oil and gas giant BP has issued a profit warning ahead of the release of its third-quarter (Q3) results, after announcing weaker margins at its refineries as demand for fuel slows. The slowdown is likely to impact the results by up to $600m (£459.
1d
on MSN
Chevron and California’s petroleum boss exchange barbs on gasoline inventory bill
The bill’s supporters say it will help prevent price spikes at the pump while opponents say it will only make things worse.
1d
Hess Corporation And Chevron One Year Later
Exxon Mobil's arbitration delays Hess' acquisition by Chevron, impacting potential $6.4B annual FCF from Guyana assets and $7 ...
1d
Chevron and Si-Ware Systems Announce Multiple R&D Projects for Improved Environmental and Operational Efficiency
R&D aims to use Si-Ware System's NeoSpectra advanced on-site testing capabilities to improve sustainability and efficiency of ...
NOLA.com
1d
New details emerge about a fire that burned two workers at a Chevron plant in Louisiana
About 75,000 cubic feet of highly flammable vapor caught fire last month at Chevron's Renewable Energy Group complex in ...
4d
on MSN
Chevron to Sell Oil Sands, Shale Assets for $6.5 Billion to Canadian Natural
Chevron’s Canada unit plans to sell its stakes in oil sands and shale assets to Canadian Natural Resources for $6.5 billion ...
Seeking Alpha on MSN
3d
Chevron in talks to offload Texas gas assets to Tokyo Gas for up to $1B - report
Chevron in talks to sell east Texas natural gas assets to Tokyo Gas for up to $1B as part of its divestment plan to optimize ...
Las Vegas Sun
3d
Chevron trying to mobilize Nevadans over California’s proposed gas policies
Chevron's campaign at Nevada gas stations, which started at the beginning of September, asks residents to call their ...
2d
Chevron Considers Divesting Texas Gas Holdings to Tokyo Gas for $1B
CVX explores the sale of East Texas natural gas assets to Tokyo Gas, a strategic move impacting both companies in the ...
1d
Chevron’s Strategic Growth and Financial Health Signal a Strong Buy Rating
In a report released today, Suvro Sarkar from DBS maintained a Buy rating on Chevron (CVX – Research Report), with a price target of ...
2d
on MSN
Chevron executive pens letter blasting California gas, oil supply proposal
On Tuesday, a Chevron executive shared a letter condemning the proposal, calling it "inaccurate" and saying it included ...
18h
Chevron Co. (NYSE:CVX) Shares Bought by Cypress Wealth Services LLC
Cypress Wealth Services LLC boosted its position in shares of Chevron Co. (NYSE:CVX – Free Report) by 13.1% in the third ...
3d
Chevron's $6.5 Billion Deal Will Further Fortify Its Financial Foundation
The oil company's fortress-like balance sheet is about to get even stronger. Chevron has agreed to sell its Canadian assets ...
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