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oil companies

Petroleum sales upbeat

Petroleum sales upbeat

After the seven months of the current fiscal year – 7MFY22, the petroleum consumption in the country is up as seen...
Published 03 Feb, 2022 07:43am
Chevron profit drops on weaker refining margins, storm hit
Business & Finance

Chevron profit drops on weaker refining margins, storm hit

  • Chevron, the second-largest US oil producer, reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier. Year-ago results included about $680 million in asset sales and favorable tax items.
  • Net profit was $1.4 billion, or 72 cents a share, down from $3.6 billion, or $1.93 cents a share, a year earlier.
Published 30 Apr, 2021 06:48pm
Russian oil producers struggle to contain gas flaring: document
Business & Finance

Russian oil producers struggle to contain gas flaring: document

  • Flaring, or the combustion of gas generated by various processes in the oil industry, generates carbon dioxide emissions.
  • Climate change poses a series challenge for Russia, with the economy heavily reliant on oil and gas production, as well as mining, and the government is under pressure to cut emissions.
Published 09 Apr, 2021 07:33pm
Chevron falls to fourth-quarter loss on weak refining, charges
Technology

Chevron falls to fourth-quarter loss on weak refining, charges

  • Oil companies are expected to benefit from a bounce-back in oil and gas prices after a one-two punch of falling demand and prices put the industry in a tailspin last year.
  • While we're optimistic about vaccines and getting on a pathway to recovery, we're not there right now,
Published 29 Jan, 2021 07:49pm