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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
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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
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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:...
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Heat sets two-year power use record
So far this summer Texas has been able to avoid prolonged periods of hot weather, the kind that cause electricity supply and demand to tighten and drive up prices. Source: FuelFix
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EOG Resources reports rising profits of nearly $850M
EOG Resources reported a nearly $850 million quarterly profit that jumped 22 percent from almost $700 million during the year prior. Source: FuelFix
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