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Refining cheap oil rescues Chevron, Exxon, From crude pain
2014-11-01 05:22:30| Oil & Gas - Topix.net
The cheapest crude in 2 1/2 years has the world's two biggest oil producers glad they held onto their refineries when rivals were shunning the business. San Ramon-based Chevron and Exxon Mobil surprised investors and analysts Friday with higher profits as slumping crude prices made it cheaper to manufacture gasoline, diesel and jet fuel.
Refining cheap oil rescues Chevron, Exxon, From crude pain
2014-11-01 01:27:24| Energy - Topix.net
The cheapest crude in 2 1/2 years has the world's two biggest oil producers glad they held onto their refineries when rivals were shunning the business. San Ramon-based Chevron and Exxon Mobil surprised investors and analysts Friday with higher profits as slumping crude prices made it cheaper to manufacture gasoline, diesel and jet fuel.
Exxon defies low oil price with refining strength
2014-10-31 18:09:49| Energy - Topix.net
ExxonMobil Corp.'s refining and chemical operations rescued the company's third-quarter results amid falling global oil prices and lower oil and gas production. Exxon, the biggest U.S. oil company, posted a surprise increase in profit thanks to a 38 percent increase in profit from turning oil and gas into fuels and chemicals.
Exxon defies low oil price with refining strength
2014-10-31 17:51:37| Oil & Gas - Topix.net
NEW YORK - ExxonMobil Corp.'s refining and chemical operations rescued the company's third-quarter results amid falling global oil prices and lower oil and gas production. Exxon, the biggest U.S. oil company, posted a surprise increase in profit thanks to a 38 percent increase in profit from turning oil and gas into fuels and chemicals.
Exxon earnings up 6 per cent, easily beating expectations, as refining offsets low oil prices
2014-10-31 17:51:36| Oil & Gas - Topix.net
ExxonMobil Corp. profits rose 3 per cent in the third quarter as strong refining performance offset lower revenues from falling oil prices and production. The company said Friday it earned $8.07 billion on revenue of $107.49 billion in the third quarter.
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