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May 11, 2021
Governors Wind Energy Coalition Colonial Pipeline, targeted by ransomware attack, says service could be ‘substantially’ restored by week’s end Source: By Will Englund, Ellen Nakashima and Taylor Telford, Washington Post • Posted: Monday, May 10, 2021 Fallout from the massive cyberattack may have regional repercussions in the Southeast if repairs drag on. Holding tanks are seen at Colonial Pipeline’s Linden Junction Tank Farm in Woodbridge, N.J. Some 5,500 miles o...
May 11, 2021
US gas prices surge to seven-year high on fifth day of DarkSide cyber shutdown of Colonial Pipeline: Fuel distributors warn of catastrophic shortages as Putin denies link to hackers The national average for retail gasoline prices was at $2.985 as of Tuesday, which is the highest in seven years The last time average gas prices were above $2.99 was back in November 2014 Colonial Pipeline has said it is trying to substantially restore operations by the end of the week but reports of gas shorta...
May 11, 2021
Ralph Northam and Brian Kemp, governors of Virginia and Georgia, declared a state of emergency Tuesday On Monday the governor of North Carolina, Roy Cooper, took a similar step to deal with the fuel crisis The moves are designed to limit the fallout from the Colonial Pipeline hack, which began on Thursday The pipeline was shut from Friday to Monday due to a ransomware attack from Russia-based hackers The 5,500-mile pipeline is being brought back on line but service will not be fully restored un...
May 10, 2021
Colonial Pipeline said Sunday it is developing a system restart plan, and that some smaller lines are now operational. The company said it will "bring our full system back online only when we believe it is safe to do so, and in full compliance with the approval of all federal regulations." 3 scenarios "Timing of the restart is the critical issue," Wells Fargo analyst Roger Read said in a note on Sunday. He outlined three possible date ranges: 1. Fewer than five days: If a partial restart of the...
May 10, 2021
Colonial Pipeline, targeted by ransomware attack, says service could be ‘substantially’ restored by week’s end Will Englund, Ellen Nakashima, Taylor Telford © Colonial Pipeline/Via Reuters Holding tanks are seen at Colonial Pipelines Linden Junction Tank Farm in Woodbridge, N.J. Some 5,500 miles of Colonial pipeline transports 45 percent of the fuel consumed on the East Coast, reaching 50 million Americans and several major airports. The Colonial fuel pipeline running...
May 10, 2021
Russian hackers DarkSide claim their goal is to make money not problems with the attack on Colonial Pipeline - despite rocketing gas prices nearing $3 per gallon Colonial said it was forced to shut down all its pipeline operations on Friday to contain the threat after becoming the victim of a ransomware cyberattack DarkSide, a Russian hacking outfit made up of ransomware veterans, is behind the attack, the FBI says Colonial has not yet said whether it has paid or is negotiating a ransom The o...
May 5, 2021
Operator Welcome to the MPC first-quarter 2021 earnings call. My name is Sheila, and I will be your operator for todays call. [Operator instructions] Please note that this conference is being recorded. I will now turn the call over to Kristina Kazarian. Kristina, you may begin. Managing Director Welcome to Marathon Petroleum Corporations first-quarter 2021 earnings conference call. The slides that accompany this call can be found on our website at marathonpetroleum.com under the Investor tab. J...
May 4, 2021
Royal Dutch Shell (A Shares) (RDS.A) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Royal Dutch Shell (A Shares) (NYSE: RDS.A) Q1 2021 Earnings Call Welcome, everyone, to our first-quarter 2021 presentation. In 2020, we adapted to extraordinary circumstances. We took the decisive measures that were needed to create value today and set us up to create value tomorrow. And in February, at our Strategy Day, we...
May 1, 2021
Phillips 66 (PSX) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Phillips 66 (NYSE: PSX) Operator Welcome to the First Quarter 2021 Phillips 66 Earnings Conference Call. My name is Hilary and I will be your operator for todays call. [Operator Instructions] I will now turn the call over to Jeff Dietert, Vice President, Investor Relations. Jeff, you may begin.SPONSORED: 10 stocks we like better than Phillip...
May 1, 2021
Chevron (CVX) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Chevron (NYSE: CVX) Good morning. My name is Katy, and I will be your conference facilitator today. Welcome to Chevrons first-quarter 2021 earnings conference call. [Operator instructions] As a reminder, this conference is being recorded. I will now turn the conference over to the general manager of investor relations of Chevron Corporation, Mr. R...