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US oil refiners beat Wall Street bets, expect demand to grow in 2024 | Hellenic Shipping News Worldwide

US oil refiners beat Wall Street bets, expect demand to grow in 2024 | Hellenic Shipping News Worldwide
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U.S. oil refiners beat Wall Street bets, expect demand to grow in 2024

U.S. oil refiners beat Wall Street bets, expect demand to grow in 2024
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US oil refiners beat Wall Street bets, expect demand to grow in 2024

Major U.S. fuelmakers beat Wall
Street's earnings expectations in the fourth quarter on strong
refining margins and operating performance, and they predicted
profits would rise again this year thanks...

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US oil refiners beat Wall Street bets, expect demand to grow in 2024

Major U.S. fuelmakers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks to global demand growth. For 2023, three of the biggest U.S. independent refiners - Marathon Petroleum , Phillips 66 , and Valero Energy - posted combined adjusted earnings of $25.7 billion. Shares of Marathon are up 11% year-to-date, Phillips 66 is up about 9% and Valero has gained 8%, far outpacing the S&P 500 energy sector's slight decline so far this year.

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For the Sake of Argument

For the Sake of Argument
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Diplomatic Courier is "Gone Sledding!" Here's Your Holiday Reading List

Dec 21, 2023 // Here is Diplomatic Courier's curated holiday reading list of the most impactful articles we've published in the latter half of 2023.

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