Profits for Exxon Mobil Corp. and Chevron Corp were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.

HOUSTON, Jan 31 – Big Oil executives this week saw little prospect of a near-term improvement in refinery profits after Chevron, Exxon Mobil and Shell all reported fourth-quarter earnings that were ...

Despite slightly reducing the price target to $159, the overall outlook for refining remains positive, with expectations of improved Gulf Coast margins. This optimism is buoyed by the anticipation ...

Chevron's $2.06/share adjusted profit in fourth quarter misses Wall Street's $2.11 estimate Lower US jet fuel sales, weak global margins swing refining business to a loss Chevron's global oil ...

HOUSTON, Jan 31 - Big Oil executives this week saw little prospect of a near-term improvement in refinery profits after Chevron (CVX.N), opens new tab, Exxon Mobil (XOM.N), opens new tab and Shell ...

Currently, most black mass produced from battery scrap is shipped to Asia for refining, depriving automakers of the ability to control their critical minerals supply chain. Electra’s joint ...

Stardust Power (Nasdaq: SDST), a US battery-grade lithium product developer, has officially broken ground on its $1.2 billion lithium refinery in Oklahoma, which will be one of the largest in the US.

The Cabinet – not PetroSA – announced in December 2023 that Russia’s Gazprombank had been selected to restart Mossel Bay’s gas-to-liquids refinery. The choice of a sanctioned Russian bank ...

COFFEYVILLE, Kan. (KOAM) - CVR Energy confirms all employees are accounted for and the fire is out at its refinery in Coffeyville, Kansas. The fire started around 2:00 p.m. on Tuesday in the naphtha ...

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has announced the approval of a licence for the construction of a new refinery. The approval ...

January 22, 2025 (OMDURMAN) – The Sudanese army said Wednesday it had launched a multi-pronged attack reaching areas near the Khartoum oil refinery, 70 kilometres (43 miles) north of the capital.

ASTANA – The Kazakh Energy Ministry stressed the need to build a new oil refinery by 2030 to process at least 10 million tons of oil annually, Kazinform reported on Jan. 21. Energy Minister Almasadam ...