Archives for August 2019
Rig count dips as Oklahoma continues its slump
Another dip in drilling activity in Oklahoma led to the ongoing decline in nationwide drilling to continue. Source: FuelFix
Click here 0 1,636
LyondellBasell posts $1 billion profit but misses Wall Street expectations in second quarter
Houston refining company LyondellBasell posted a $1 billion profit during the second quarter but missed Wall Street expectations on revenue and earnings per share. Source: FuelFix
Click here 0 1,659
Chevron's $4.3B profit jumps 26% from $1B Anadarko termination fee
Chevron reported a $4.3 percent quarterly profit that jumped more than 25 percent from last year largely because of the $1 billion termination fee paid when Anadarko Petroleum nixed its merger agreement. Source: FuelFix
Click here 0 1,654
Exxon Mobil profits fall 21% down to $3.1B on natural gas, chemicals weakness
Exxon Mobil reported quarterly profits of $3.1 billion that dipped by more than 20 percent from last year because of anticipated weaknesses in natural gas and petrochemicals prices. Source: FuelFix
Click here 0 1,633
Oil set for weekly loss after biggest slump in 4 years on tariff
Oil is set for a weekly loss after the steepest one-day drop in more than four years as U.S. President Donald Trump abruptly escalated the trade war with China, deepening concerns over slowing growth. Source:...
Click here 0 1,581
