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Posts related to ‘oil refiners’

Oil refinery

Refining Margins Boost Earnings at Phillips 66

Posted: May 1, 2013 at 9:20 am

Phillips 66 (NYSE: PSX) reported first-quarter 2013 results before markets opened this morning. The oil refiner posted adjusted diluted earnings per share (EPS) of $2.19. In the same period a ...
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Oil refinery

Tesoro Will Shutter Hawaiian Refinery

Posted: January 9, 2013 at 11:41 am

Oil refiner Tesoro Corp. (NYSE: TSO) announced late yesterday that it would close its 93,500 barrel per day refinery in Kapolei, Hawaii, this coming April. The company has been seeking ...
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Oil Refiners Suffer from Double Whammy Today (VLO, PSX, MPC, HFC, TSO, WNR, UGA)

Posted: September 17, 2012 at 2:17 pm

Oil refiners have been hit today with a double dose of bad news. Over the past three months, stocks in refiners are up from 26% to 78% as the companies ...
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Margins Lift Refiners as US Crude Production Rises

Posted: August 2, 2012 at 1:33 pm

Crude oil refiners have enjoyed a pretty good earnings season so far. Tesoro Corp. (NYSE: TSO) and Western Refining Inc. (NYSE: WNR) both posted better-than-expected revenues and profits this morning, ...
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Refinery Sale Suddenly In Jeopardy (PSX, COP, DAL, SUN, ETP, CG, CVX, VLO, XOM, BP, CVI)

Posted: June 7, 2012 at 1:24 pm

In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery ...
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Valero Looks Forward to Export Opportunities (VLO, TRP, TSO, MPC, HFC)

Posted: March 7, 2012 at 11:41 am

In a presentation yesterday to investors, Valero Energy Corp. (NYSE: VLO) CEO Bill Klesse said that stagnant demand for refined products in the US would be replaced by foreign demand ...
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Pipeline Reverses Refiners Fortunes… An Apparent Overreaction (ENB, COP, VLO, MPC, TSO, WNR, CVI, XOM, CVX, BP, EPD, TRP, RDS-A)

Posted: November 17, 2011 at 9:10 am

The announcement from Enbridge Inc. (NYSE: ENB) that it would acquire the 50% stake in the Seaway pipeline system owned by ConocoPhillips Corp. (NYSE: COP) and reverse the pipeline's flow ...
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Identifying Value In Refining Stocks (MPC, VLO, MUR, HFC, SUN, TSO, WNR, MRO)

Posted: September 8, 2011 at 11:29 am

The refining business has been in the news a lot recently for two things. One, it's making money again. Two, integrated oil companies are shedding refining assets at a rapid ...
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Libyan Events Could Finally Lower Pump Prices (XOM, BP, CVX, COP, VLO, TSO, MPC, WNR)

Posted: August 22, 2011 at 8:37 am

This past weekend's startling developments in Libya hit the crude oil markets almost instantly. Brent crude in Europe fell to around $105/barrel at one point, while WTI crude has gained ...
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Valero Brings Refining Caution After Earnings (VLO, TSO, FTO, WNR, HOC, MRO, HES)

Posted: April 26, 2011 at 10:01 am

With pump prices for gasoline approaching $4/gal everywhere and $5/gal in some US cities, it would seem logical that crude oil refiners are a good bet to do well. It's ...
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