Hints and tips:
...Then, a mere 10 hours before the bankruptcy filing, a company lawyer changed the address of the shell corporation to a post office box in Houston....
...Exxon on Friday reported third-quarter earnings of $9.1bn, up from $7.9bn in the previous three months as crude prices rose and refining activity increased....
...Energy bankers Muhammad Laghari and Alexander Burpee will also join Moelis in Houston as managing directors from Guggenheim....
...The Houston-based company is also active in chemicals through a stake in CPChem, which it owns with Chevron....
...The disclosures relate to its oil production and refining operations there, where the company can trace its history back more than 140 years....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...“Really the story . . . has been an overall downward trend in fuel prices . . . because you had more supply coming online,” said Rob Smith, director of refining and marketing at S&P Global Commodity Insights...
...A new crop of start-ups, such as Houston-based Solugen, are attempting to make petrochemicals from plants, replacing fossil inputs to the refining process, such as propane and ethane, with plant feedstocks...
...Downstream earnings also fell at both groups as refining margins tightened....
...Francisco Monaldi, a Latin America energy expert at Rice University in Houston, pointed out that if oil demand plateaus in the next few years and then declines slowly, as some scenarios indicate, the world...
...Souki began discussing the location with former BG Group executive Martin Houston in 2014, when he still led Cheniere. Cheniere advanced Houston’s company $46mn to begin buying land....
...Shares in the conglomerate, which is home to a refining and car parts business as well as a portfolio of hedge fund-style investments that the octogenarian billionaire manages, have been under pressure since...
...Icahn owns about 85 per cent of Icahn Enterprises, a conglomerate spanning refining and car parts businesses, which also holds a portfolio of hedge fund-style investments that he manages....
...Envision expects its case, filed in a federal bankruptcy court in Houston, to wrap up within three to four months....
...Vitol is a Dutch-registered company, with large offices in Geneva, London, Houston and Singapore....
...The rebuttal also challenged Hindenburg’s analysis that the holding company’s directly owned assets spanning refining, real estate and auto parts were overvalued....
...The company has committed to building a new hydrogen production facility in a major refining and petrochemical hub outside Houston, Texas....
...The Houston-based company says it hopes to start exporting from the new facilities by the end of the decade, and said it could add carbon capture and storage capabilities to reduce the plant’s greenhouse...
...look at all these companies that have made announcements to open factories in the US, this [guidance] is going to slow them down,” said Jim Wood, chief executive of SEG Solar, a module manufacturer in Houston...
...Earnings rose sharply in the “downstream” refining part of Chevron’s business as profit margins for fuels such as petrol, diesel and jet fuel hit record levels in the quarter, which contributed to soaring...
...“I think they have a responsibility to act in the interest of their consumers, their community and their country to invest in America by increasing production and refining capacity,” the president said in...
...Profit margins for refining petrol and diesel have reached record levels....
...“The system is now behaving as though [refining] capacity has effectively run out....
...Sanyal said Varo’s “sustainable energies” division had already generated almost 50 per cent of earnings in 2021 but that the traditional refining and fuel distribution business was set to significantly outperform...
...Engine No. 1’s nominees are not known as green activists: one, Gregory Goff, was a senior executive at oil refining companies....
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