Archives for February 2018
Chevron's $3.1 billion profit boosted by tax law changes
California oil giant Chevron said it took in a $3.1 billion profit in the fourth quarter, buoyed mostly by $2 billion in benefits from the new U.S. tax law changes. Source: FuelFix
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LyondellBasell sees profits surge in 2017 amid shale boom
LyondellBasell, which is investing millions of dollars in its Houston-area operations, posted a strong annual profit in 2017 as it capitalized on a petrochemical boom fueled by cheap natural gas from West Texas. Source: FuelFix
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Exxon Mobil posts $8.4 billion profit, largely from new tax law
The nation’s largest energy giant, Exxon Mobil, reported a big $8.4 billion profit that largely benefitted from the new change in U.S. tax laws. Source: FuelFix
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Phillips 66 posts strong Q4 profit thanks to U.S. tax reform
Phillips 66 posted a substantial a fourth-quarter profit thanks to tax reform and pipeline performance even amid a sharp decline in earnings from refining and chemicals. Source: FuelFix
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Congressmen press party leaders to advance carbon capture legislation
A bipartisan coalition of congressmen led by Rep. Mike Conway, R-Llano, is pressuring House leaders to extend and expand tax credits for carbon capture. Source: FuelFix
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