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Oil Refining
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Oil majors resist investing in new refineries despite rising fuel prices and high margins, according to the Financial Times.
Oil majors resist investing in new refineries despite rising fuel prices and high margins, according to the Financial Times. The publication notes that conflicts in the Middle East and Ukraine have re
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Pakistan refineries report 1,860% profit surge for Q3
Pakistan's major oil refineries reported a nearly twentyfold (1,860%) surge in combined profit for the latest quarter through September, benefiting from increased refining margins amid global energy d
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ExxonMobil's Q3 refining profits hit a record high as Gulf and Russia-Ukraine conflicts pushed up gasoline and diesel prices.
ExxonMobil Holdings Corp. exceeded third-quarter profit expectations, primarily driven by soaring gasoline and diesel prices due to the Persian Gulf and Russia-Ukraine conflict, which propelled its re
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BP's Q3 profit surged to nearly four times year-on-year, reaching $8.5 billion and significantly exceeding expectations, driven by a substantial increase in refining margins.
BP announced its third-quarter results, with underlying replacement cost profit (a proxy for net profit) reaching $8.5 billion, significantly exceeding analysts' expectations of $6.191 billion and app
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Venezuelan-owned US refiner Citgo raises 2026 operating profit outlook by $2 billion on surging fuel margins.
Venezuelan-owned US refiner Citgo raises 2026 operating profit outlook by $2 billion on surging fuel margins.
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Saudi Aramco's new refinery joint venture in China receives first crude oil shipment
Saudi Aramco's new refinery joint venture in China receives first crude oil shipment
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US refiners' margins increase fourfold, reaping windfall profits as wars push up fuel prices
US refiners have seen their profit margins increase fourfold, leading to windfall profits. This comes as ongoing wars continue to drive up fuel prices for consumers, a trend that has drawn scrutiny to
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Refiner Marathon Petroleum (MPC) saw its quarterly earnings surge by 975% amid a doubling of refining margins.
Marathon Petroleum reported quarterly earnings per share of $17.73, significantly exceeding the estimated $13.95. The company's net profit surged to $514 million from $122 million a year ago, with ref
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Oil majors resist investing in new refineries despite rising fuel prices and high margins, according to the Financial Times.
Oil majors resist investing in new refineries despite rising fuel prices and high margins, according to the Financial Times. The publication notes that conflicts in the Middle East and Ukraine have re
-
Pakistan refineries report 1,860% profit surge for Q3
Pakistan's major oil refineries reported a nearly twentyfold (1,860%) surge in combined profit for the latest quarter through September, benefiting from increased refining margins amid global energy d
-
ExxonMobil's Q3 refining profits hit a record high as Gulf and Russia-Ukraine conflicts pushed up gasoline and diesel prices.
ExxonMobil Holdings Corp. exceeded third-quarter profit expectations, primarily driven by soaring gasoline and diesel prices due to the Persian Gulf and Russia-Ukraine conflict, which propelled its re
-
BP's Q3 profit surged to nearly four times year-on-year, reaching $8.5 billion and significantly exceeding expectations, driven by a substantial increase in refining margins.
BP announced its third-quarter results, with underlying replacement cost profit (a proxy for net profit) reaching $8.5 billion, significantly exceeding analysts' expectations of $6.191 billion and app
-
Venezuelan-owned US refiner Citgo raises 2026 operating profit outlook by $2 billion on surging fuel margins.
Venezuelan-owned US refiner Citgo raises 2026 operating profit outlook by $2 billion on surging fuel margins.
-
Saudi Aramco's new refinery joint venture in China receives first crude oil shipment
Saudi Aramco's new refinery joint venture in China receives first crude oil shipment
-
US refiners' margins increase fourfold, reaping windfall profits as wars push up fuel prices
US refiners have seen their profit margins increase fourfold, leading to windfall profits. This comes as ongoing wars continue to drive up fuel prices for consumers, a trend that has drawn scrutiny to
-
Refiner Marathon Petroleum (MPC) saw its quarterly earnings surge by 975% amid a doubling of refining margins.
Marathon Petroleum reported quarterly earnings per share of $17.73, significantly exceeding the estimated $13.95. The company's net profit surged to $514 million from $122 million a year ago, with ref
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Oil Refining
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