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.

An increase in global refining capacity in 2024, combined with sputtering demand growth has hurt refining margins. Chevron’s shares declined 4% after it reported a loss in its refining business for ...

An increase in global refining capacity in 2024, combined with sputtering demand growth has hurt refining margins. Chevron's shares declined 4% after it reported a loss in its refining business ...

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 ...

Libya's Minister of Oil and Gas announced plans to increase the country's crude oil refining capacity to 400,000 bpd. The country also aims to boost oil production from 1.4 mb/d to 2 mb/d by 2028 ...

The team will also work on refining cost estimates for the process and gaining a better understanding of safety and sustainability, Abate says. Ammonia is a toxic industrial chemical, but it’s ...

Peaking fuel demand new trigger for consolidation Newer, larger complexes exacerbate capacity overhang Consolidation so far driven by government interventions Roughly half of teapot refining capacity ...

Weaker fuel demand and depressed refining margins in 2024 resulted in the first annual decline in China’s refinery throughput in over 20 years, excluding the pandemic lockdown year of 2022 ...