Hints and tips:
...The stock had risen 27 per cent over the past five years to Tuesday, compared with a 64 per cent rise in the S&P 500 oil refining and marketing index over the same period....
...British government figures said Shein chair Donald Tang requested a meeting with chancellor Jeremy Hunt last month....
...In the hunt for new deposits, Petrobras has identified a 2,200km marine tract along Brazil’s northern coast called the Equatorial Margin....
...The disclosures relate to its oil production and refining operations there, where the company can trace its history back more than 140 years....
...But at the many receptions and nightcaps that occur alongside the event, trader chat is more likely to focus on the effects of western sanctions policy, competition for European refining capacity and what...
...Nigeria is Africa’s largest oil producer but has had to import fuels due to a lack of refining capacity....
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday, as it and rival Chevron reported profits that fell short of Wall Street expectations...
...Wirth, who has a degree in chemical engineering from the University of Colorado, led the company’s refining business before becoming CEO, where tight margins mean “you have to watch every penny”....
...Houston-based Exxon has been on the hunt for acquisitions after amassing a substantial cash pile over the past year....
...Exxon also reported third-quarter earnings had risen to $9.1bn, up from $7.9bn in the previous three months, thanks to the oil price increase and more refining activity, although a little lower than expected...
...CLS Holdings FY, ConvaTec FY, DS Smith Q3 trading update, Galliford Try HY, Ibstock FY, Legal & General FY, Netcall HY, Nichols FY, Quilter FY, Rathbones FY, Ricardo HY, Spirent Communications FY, Tullow Oil...
...The industrial action covers the Gorgon and Wheatstone facilities, which account for roughly 7 per cent of global LNG supply and which are operated by US oil and gas giant Chevron....
...Betting on bonds A lift on the US ban against trading Venezuelan debt has sent some Wall Street investors on a risky hunt for profits, the FT reports....
...Transport Services Q4, Kier Group trading update, M&T Bank Corp Q4, Northern Trust Q4, Sage Group Q1 trading update, Truist Financial Q4, TSMC Q4, The Works HY Friday Germany: December PPI inflation rate...
...Consumer oil prices have fallen from last year’s peak by about $60 per barrel in tandem with Brent, as well as on a weakening of record-high refining margins and a softer dollar....
...As energy giants bow to pressure from climate activists, deal-savvy oilman Jeffery Hildebrand has become a multibillionaire by squeezing oil from cheap assets others left behind, The Wall Street Journal...
...The Aramco tie-in brought a country with an OPEC+ oil alliance with Russia into Europe’s refining sector....
...The company has committed to building a new hydrogen production facility in a major refining and petrochemical hub outside Houston, Texas....
...At Exxon and Chevron, the windfalls were driven by higher oil production and natural gas prices, along with strong earnings from their “downstream” oil refining businesses....
...“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...
...In Data Drill, Derek returns to hydrocarbons and gives a rundown of the US’s biggest private drillers — a shopping list, perhaps, for Big Oil on the hunt for inventory....
...That is because they can’t do so, as its stock price is greatly influenced by daily oil price and profit for oil refining,” he added....
...Exxon and Chevron’s “downstream” oil refining businesses drove their soaring results after profit margins from selling refined fuels above the cost of buying crude oil exploded to record highs....
...Soaring refining margins — the difference between the cost of buying crude oil and selling refined fuel — are also padding the bottom line. This will moderate as demand slows....
...Biden has also said he could use emergency powers to add oil refining capacity, while criticising the industry for closing down refineries in recent years....
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