Archives for 2018
Billions from Trump tax cut supercharges fossil fuels
Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping boost the staying power of old-style energy. Source: FuelFix
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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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