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Phillips 66 Misses First-Quarter Profit Estimates on Weak Margins

Phillips 66 Misses First-Quarter Profit Estimates on Weak Margins
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Phillips 66 misses first-quarter profit estimates on weaker margins

Refiner margins have scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a rise in global refining capacity that has led to a drop in fuel prices. The company said its realized margins slumped about 47% to $10.91 per barrel in the first quarter from a year earlier, led by nearly a 50% decline in Gulf Coast margins. Shares of the refiner were down nearly 3% on Friday.

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Phillips 66 misses first-quarter profit estimates on weak margins

(Reuters) -Refiner Phillips 66 missed quarterly profit estimates on Friday, hurt by a slump in refining margins following a decline in fuel prices. Refiner margins scaled back from the peaks achieved after Russia's invasion of Ukraine in 2022, amid a r...

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Chemicals maker Dow beats quarterly profit estimates

Chemicals maker Dow beats quarterly profit estimates
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Chemicals Maker Dow Tops Wall Street Estimates on Demand Growth

Chemicals Maker Dow Tops Wall Street Estimates on Demand Growth
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AI boom to fuel natural gas demand in coming years, report says | Hellenic Shipping News Worldwide

AI boom to fuel natural gas demand in coming years, report says | Hellenic Shipping News Worldwide
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Bunge beats quarterly profit estimates

Bunge beat Wall Street
expectations for first-quarter profit on Wednesday as the grain
trader and processor benefited from a recovery in processing
margins.
The company posted an...

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Bunge Beats Quarterly Profit Estimates on Processing Recovery

Bunge Beats Quarterly Profit Estimates on Processing Recovery
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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Bunge quarterly profit tops estimates as processing results rise

Bunge quarterly profit tops estimates as processing results rise
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UPDATE 4-Solar firm SunPower to cut jobs, wind down most of residential direct sales

SUNPOWER-RESTRUCTURING/ (UPDATE 4, PIX):UPDATE 4-Solar firm SunPower to cut jobs, wind down most of residential direct sales

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