oil refiners

Elliott Management Sets Sights (Again) on Breaking Up Marathon Petroleum

Posted: September 25, 2019 at 1:45 pm

When activist investor Paul Singer and his Elliott Management investment firm first tried to split up Marathon Petroleum Corp. (NYSE: MPC) in 2016, Marathon was considerably smaller. The plan then ...
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Goldman Sachs Very Positive on Top Refining Stocks for Rest of 2019

Posted: August 29, 2019 at 7:25 am

The energy sector has taken a beating this year, and despite continued cuts in production from the OPEC nations and ongoing geopolitical issues in the Middle East, especially surrounding the ...
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Philadelphia Refinery That Exploded to Close

Posted: June 26, 2019 at 2:12 pm
Last updated: June 27, 2019 7:28 am

The largest oil refinery on the East Coast will close following last Friday's early morning explosion and fire that destroyed the plant's 30,000-barrel-per-day alkylation unit that processes refined products like ...
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Philadelphia Refinery Explosion Takes 350,000 Barrels a Day Out of Production

Posted: June 24, 2019 at 10:25 am

Three explosions early Friday morning rocked the Philadelphia Energy Solutions (PES) refinery and continued to burn in the noon hour, although the fire department has declared the fire contained. Four ...
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Why Exxon’s Dimmed Outlook Isn’t Hurting Refiners’ Stocks

Posted: April 10, 2019 at 11:55 am

In a Wednesday morning filing with the U.S. Securities and Exchange Commission, Exxon Mobil Corp. (NYSE: XOM) said it expects downstream (refining and marketing) earnings to drop sequentially by an ...
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Is Chevron Getting Enough Credit for Its Q4 Earnings?

Posted: February 1, 2019 at 9:50 am

Chevron Corp. (NYSE: CVX) reported its most recent quarterly results before the markets opened on Friday. It posted $2.06 in earnings per share (EPS) and $42.35 billion in revenue, which ...
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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 ...
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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 ...
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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 ...
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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) ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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