HOUSTON - Big Oil executives this week saw little prospect of a near-term improvement in refinery profits after Chevron, Exxon Mobil and Shell all reported fourth-quarter earnings that were hit hard ...

Valero Energy Corporation VLO and Phillips 66 PSX are two well-known names in the refining space, with each company having a ...

As international oil prices continue to decline, the refining margins, which are directly linked to the revenue of the refining industry, are showing a favorable trend, leading oil companies to expect ...

SK Innovation, S-Oil, GS Caltex, and HD Hyundai Oilbank, the four domestic refiners that posted weak results in the first half, are expected to swing to a profit in the third quarter. International ...

Petróleo Brasileiro SA’s (Petrobras) ongoing investments in its refining business led to improved utilization of its refineries in third-quarter 2024, enabling the operator to achieve record ...

Global refining capacity has increased over the past two decades despite a decline in the absolute number of refineries, driven by the expansion of large, integrated mega-refineries primarily in the ...

Refiners like PBF Energy operate as manufacturing firms, converting crude oil into refined products. Decline in US and European refining capacity, coupled with high natural gas prices, will keep ...

A weak Q4 saw earnings dip by over 40% amid downstream margins turning negative, revealing Chevron's competitive disadvantage in refining vs Exxon. FCF of $4B also continued to fall significantly ...

LONDON/NEW YORK/NEW DELHI (Reuters) -Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, ...

By Innocent Samuel AppiahIn a move that could fundamentally reshape Ghana’s gold sector and unlock billions of dollars in untapped economic value, the Ghana Gold Board has signed a landmark agreement ...