The country’s largest refiner earned more than five times what it made a year ago. Here is what a $45.70-a-barrel margin looks like on the sign at your gas station. By Energy News Beat | Nov. 3, 2026 If you filled up this summer and wondered where the money went, Marathon Petroleum just showed you […]
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Green energy companies in wind, solar, and storage have shown a sharp split in recent results. A few pure-play or hybrid firms have turned profitable or posted strong growth, while many continue to struggle with execution, pricing pressure, subsidies dependence, and Chinese competition. Utilities have delivered consistent, regulated profitability with rising margins as they invest […]
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Valero Energy Corporation (NYSE: VLO) has agreed to acquire LyondellBasell’s former Houston Refinery site for $320.5 million and plans to restart 165,000 barrels per day (bpd) of light sweet crude processing capacity by the end of 2027. The deal, announced October 30, 2026, expands Valero’s Gulf Coast refining footprint adjacent to its existing Houston plant […]
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Crude is not scarce. Diesel out of the Atlantic basin is — and the refineries that could make it are not where the barrels are, or configured to run them. American margins are near records while Asian margins have collapsed, and that gap is doing more to set the price at your pump than the […]
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Chevron is sharply increasing its exploration budget by roughly 50%, targeting more than $1.5 billion in 2026 compared with just under $1 billion in 2025. The move, driven by Vice President of Exploration Kevin McLachlan (recruited from TotalEnergies), marks a deliberate return to high-impact frontier basins after years of heavier focus on the U.S. Gulf […]
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The war is in its ninth month and the United States has never taken Kharg. It did not have to: the blockade drove Iranian seaborne crude to zero with no American ground casualties, which is exactly what a seizure was supposed to deliver. The question worth asking is not whether America could hold the island. […]
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Downstream produced 49.7% of Chevron’s third-quarter earnings on 7.8% of its capital spending. The refineries ran at 98% of capacity to do it, and nobody will say what the maintenance bill is. By Energy News Beat | Oct. 30, 2026 | Chevron Q3 2026 earnings release, read Oct. 30, 2026; EIA monthly data through August […]
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ExxonMobil made $7.169 billion refining and $7.088 billion pumping oil in the third quarter, the first time in at least six years the refineries won, with its Gulf Coast crude units at 100%. What it costs to keep them there is the one number neither ExxonMobil nor Chevron will publish. By Energy News Beat | […]
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The quarter Shell lost its Qatari supply was its best since 2022, and not for the reason most people think. Refining paid for it. A portfolio of options made the difference. By Energy News Beat | Oct. 29, 2026 | Shell results published 7:00 a.m. GMT; LNG prices read 1:00 p.m. CT Shell earned $10,814 […]
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The Dutch benchmark closed above €100 a megawatt-hour for the first time since 2022, and the same week U.S. gas futures traded near $3.00. One continent is bidding for winter. The other is drowning in its own supply. That gap is a policy choice, not weather. By Energy News Beat | Oct. 29, 2026 | […]
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