Thu, Jul 9th, 2009
Chevron Corp. (CVX) warned that second-quarter earnings in its downstream segment will be "significantly lower" sequentially, while the upstream operations will benefit from high crude oil prices, largely offset by the cooling dollar.
The second-largest oil company by market value after Exxon Mobil Corp. (XOM) issued the warning in its interim update released Thursday. It said U.S. refining margins downstream were down sharply, more than offsetting an increase in marketing margins.
Related stories from top sites:
PC Shipments Fall In 2Q But Data Offer Hope
Jul 9th, 2009 - CNNMoney
(Adds new commentary from analysts, rewrites throughout.) Of DOW JONES NEWSWIRES SAN FRANCISCO -(Dow Jones)- Personal computer shipments fell again in thesecond quarter...
Chuck Todd And Glenn Greenwald To Debate Torture Investigations
Jul 9th, 2009 - The Huffington Post
Salon's Glenn Greenwald called out MSNBC's Chuck Todd at great length Wednesday for a segment Todd participated in on Morning Joe in which, per Greenwald, "everyone agreed...
Exxon Sinks $600M Into Algae-Based Biofuels in Major Strategy Shift
Jul 9th, 2009 - New York Times
Oil giant Exxon Mobil Corp. is making a major jump into renewable energy with a $600 million investment in algae-based biofuels. Exxon is joining a biotech company, Synthetic Genomics Inc....
Exxon Mobil to spend $600M on algae fuel program
Jul 9th, 2009 - bizjournals
Oil giant Exxon Mobil plans to spend up to $600 million on a program to make biofuel from algae. The Irving company (NYSE: XOM) will work with Synthetic Genomics of La Jolla, Calif...
Chevron says Q2 hit by US refining, weak dollar
Jul 9th, 2009 - Reuters
SAN FRANCISCO (Reuters) - Chevron Corp (CVX.N) reported a sharp decline in second-quarter U.S. refining margins and said the benefits of higher oil prices were largely offset by a weaker dollar...
Related videos from YouTube:
- NEW- Kicker CVX's memphis amp...Im gonna put up a video next week of a better bill trick. I get paid in ones. lol.. im not a stripper...... lol But yeah $20 bill trick! 2 12" Kicker CVX's 1000.1 Memphis class D Vented box 2001 grand am se Alpine CDE 102 COMMENT, RATE!
- U.S Recovery Sends Investor...Investors were reminded of the economic recovery will be slow as the dollar and oil falls. (Taking Stock) ... NYSE:IYY NYSE:SPY NYSE:LEN NYSE:BSX NASDAQ:BBBY NYSE:CVX Business Personal Finance Investing Economy Stock Market Energy Automotive
- Sectors to Watch - Energy...Exxon Mobil 1Q Profit Drops 50%, Posting Worst Drop in Five Years; Imperial Oil 1Q Profit Falls as Oil Prices Decline; Weaker Consumer and Stronger Dollar Hurts Procter & Gamble and Colgate-Palmolive; ...
- ABN Newswire - Australian...in public finances. That figure was US$162 billion smaller than the White House had forecast in August, but it still amounted to 10 percent of total US economic output, the most for any budget shortfall since World War Two ...
Leave a Reply