oil refiners

Why Phillips 66 Earnings, Revenues Soared

Posted: October 26, 2018 at 8:25 am

Oil refiner Phillips 66 (NYSE: PSX) reported third-quarter 2018 results before markets opened Friday. The petroleum refiner reported adjusted diluted earnings per share (EPS) of $3.10, compared with EPS a ...
Read Full Story »

How the September Beige Book Looks for the Oil, Gas and Energy Sector

Posted: September 12, 2018 at 2:56 pm

When investors and economists hear about a Beige Book release it is rarely a report that generates serious excitement. That said, there is almost always important information about the national ...
Read Full Story »

6 Most Impotant Things in Business Today

Posted: August 23, 2018 at 4:55 am

A huge IPO for Saudi oil company Aramco may be canceled. According to Reuters: Saudi Arabia has called off both the domestic and international stock listing of state oil giant ...
Read Full Story »

Why Refiners May Be the Best Q2 Energy Play

Posted: March 20, 2018 at 10:30 am

Energy was having a tough enough time this year, and things got worse recently for the energy master limited partnerships (MLPs). On March 15, the Federal Energy Regulatory Commission (FERC) ...
Read Full Story »

Phillips 66 Shrinks Warren Buffett’s Dominance With Huge Stock Buyback

Posted: February 14, 2018 at 11:40 am

As the markets and investors await the release of the top holdings of America's top fund managers and investment gurus, we have already seen news that one of the large ...
Read Full Story »

4 Refiners Could See Massive Earnings Increase From Trump Tax Bill

Posted: November 9, 2017 at 8:25 am

With oil solidly back at over $56 a barrel for West Texas Intermediate and almost $64 for Brent crude, long-suffering energy investors are finally getting some relief after the sector ...
Read Full Story »

RBC Sees Huge 2018 Potential for 4 Top Refining Stocks

Posted: October 19, 2017 at 10:00 am

A few years ago, some of the hottest stocks in the energy sector were the refiners, as high prices pushed production and refining needs. Then along came a huge drop ...
Read Full Story »

Phillips 66 Unloads Dakota Access Pipeline, Other Assets on MLP

Posted: September 22, 2017 at 9:55 am

Oil refiner Phillips 66 (NYSE: PSX) has agreed to sell to its midstream partner, Phillips 66 Partners L.P. (NYSE: PSXP), the parent company's 25% stake in the Dakota Access Pipeline ...
Read Full Story »

5 Most Important Things in Business Today

Posted: September 12, 2017 at 5:10 am

Apple Inc. (NASDAQ: AAPL) will launch new iPhones. Rumors are that there will actually be three. The first will be the iPhone 8, the next the iPhone 8 Plus and ...
Read Full Story »

Texas Oil & Gas Industry Recovering From Harvey

Posted: September 3, 2017 at 8:48 am

As water levels drop in the areas hardest hit by tropical storm Harvey, the focus has turned to the hundreds of thousands of people affected by the storm who require ...
Read Full Story »

6 Most Important Things in Business Today

Posted: August 30, 2017 at 5:11 am

Hurricane Harvey headed toward the Texas border with Louisiana, threatening more refinery capacity. Energy companies are likely to shutter additional large refineries in the area, further driving up the price ...
Read Full Story »

6 Most Important Things in Business Today

Posted: August 28, 2017 at 4:59 am

Uber picked Expedia Inc. (NASDAQ: EXPE) CEO Dara Khosrowshahi to run the huge ride-sharing service. The company's previous CEO, Travis Kalanick, stepped down as a battle on the board and ...
Read Full Story »

America’s Largest Refinery Threatened by Hurricane Harvey

Posted: August 26, 2017 at 8:15 am

America's largest refinery, Port Arthur, was hit by Hurricane Harvey today. The location, owned by Saudi Aramco, can refine as much as 600,000 barrels a day. The threat to the ...
Read Full Story »

UPDATE: Harvey Upgraded to Hurricane, on Track for Gulf Coast Refineries

Posted: August 24, 2017 at 12:45 pm

UPDATE: At 1 p.m. CT, the National Hurricane Center upgraded tropical storm Harvey to Hurricane Harvey. The storm now clocks sustained winds of 85 mph and continues on its slow ...
Read Full Story »

Tropical Storm Harvey Takes Aim at Gulf Coast Refineries

Posted: August 23, 2017 at 3:25 pm

U.S. oil refineries have been processing more than 17 million barrels of oil a day for the past several weeks. More than half that total, about 9.4 million barrels a ...
Read Full Story »