Chevron Turning Profit at Refinery for Next Quarter
Chevron (NYSE:CVX) recently stated their refinery business has turned around and should turn a profit in the next quarter after a loss in the fourth quarter.
Margins in the refinery business of Chevron are given as the reason for the expected turnaround for the first quarter.
Analysts are looking for profit of $1.66 a share for the next quarter for Chevron, even with the $150 million charge from strong cost cutting.
Showing posts with label Refinery. Show all posts
Showing posts with label Refinery. Show all posts
Saturday, April 10, 2010
Friday, April 2, 2010
Tesoro (NYSE: TSO) Washington Refinery Explosion Kills 4, Wounds 3
Washington Refinery Explosion
An explosion and fire at a Washington state oil refinery [Tesoro (NYSE: TSO)] shook homes and shot flames into the night sky early Friday, killing four people and critically injuring three others.
The fire struck the Tesoro Corp. refinery in Anacortes, about 70 miles north of Seattle on Puget Sound, at about 12:30 a.m., the company said. The blaze occurred while maintenance work was being performed and was extinguished in about 90 minutes.
Three employees are hospitalized with major burns over the majority of their bodies, including a 36-year-old woman and two men, 34 and 41, said Susan Hanson, a spokeswoman for Harborview Medical Center in Seattle. A 29-year-old woman died of her burns at the hospital. The other three killed were men, according to the Skagit County coroner.
The blast was the biggest fatal refinery accident since a 2005 explosion at a BP American refinery in Texas killed 15 people and injured another 170, authorities said. It comes after Tesoro was fined $85,700 a year ago for 17 serious safety and health violations.
Rest of story:
http://www.breitbart.com/article.php?id=D9ER413O0&show_article=1
An explosion and fire at a Washington state oil refinery [Tesoro (NYSE: TSO)] shook homes and shot flames into the night sky early Friday, killing four people and critically injuring three others.
The fire struck the Tesoro Corp. refinery in Anacortes, about 70 miles north of Seattle on Puget Sound, at about 12:30 a.m., the company said. The blaze occurred while maintenance work was being performed and was extinguished in about 90 minutes.
Three employees are hospitalized with major burns over the majority of their bodies, including a 36-year-old woman and two men, 34 and 41, said Susan Hanson, a spokeswoman for Harborview Medical Center in Seattle. A 29-year-old woman died of her burns at the hospital. The other three killed were men, according to the Skagit County coroner.
The blast was the biggest fatal refinery accident since a 2005 explosion at a BP American refinery in Texas killed 15 people and injured another 170, authorities said. It comes after Tesoro was fined $85,700 a year ago for 17 serious safety and health violations.
Rest of story:
http://www.breitbart.com/article.php?id=D9ER413O0&show_article=1
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