Archives for April 2019
Low chemical prices drag Huntsman's profits
Lower sales volumes and prices slashed profits for The Woodlands-based chemical maker Huntsman Corp. in the first quarter.The petrochemical manufacturer’s net income dove to $119 million down from $274 million in the same quarter last...
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ConocoPhillips doubles its Q1 profits from last year
ConocoPhillips said Tuesday it more than doubled its first-quarter profits from a year ago with more than $1.8 billion in net income. Source: FuelFix
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Oil companies dodge tax bills under Trump reforms, study says
Some of the biggest names in the oil industry managed to avoid paying any taxes last year under the new tax code President Donald Trump and Congressional Republicans passed in 2017. Despite earning billions of...
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Oxy gets $10B influx from Berkshire Hathaway for Anadarko bid
Houston’s Occidental Petroleum received a $10 billion commitment from one of the world’s richest men to help boost its bid to acquire The Woodlands-based Anadarko Petroleum. Source: FuelFix
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Phillips 66 profits plunge in first quarter
Phillips 66’s profits took a beating in the first quarter as refinery outages – both planned and unplanned – and lower refining margins cut into net income. The Houston-based refining and pipeline company made $204...
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