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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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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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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Refining profit nearly doubled to $6.06 billion on 98% utilization and a third-quarter record 41% distillate yield. Record output is the good news. The margin is the warning. By Energy News Beat | Oct. 28, 2026 Company results from Phillips 66’s Form 8-K, Exhibit 99.1, filed Oct. 28, 2026; diesel, utilization and capacity data from […]
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DOE approves an exchange of up to 400,000 barrels from an SPR already at its lowest level since 1982. A Phillips 66 spokesperson said the company expects no hit to operations. If you fill up anywhere in Louisiana or the Southeast, this one is worth a minute. On Friday, Oct. 23, the U.S. Department of […]
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Exxon, Chevron, Shell and BP report this week. Crude slipped last quarter, but diesel did not. Refiners’ margins roughly tripled from a year ago, and EIA data show refining now takes a bigger slice of every gallon you buy. By Energy News Beat. AAA prices read Oct. 27, 2026, 6:57 a.m. CT; EIA data checked […]
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Qatar, long the world’s LNG heavyweight, is shopping for American gas. On Thursday, Oct. 22, Cheniere and QatarEnergy signed deals for 4 million tonnes per year (Mtpa) of U.S. LNG through 2054. Later that day, Reuters reported QatarEnergy is in advanced talks to buy at least 3 Mtpa from Venture Global (NYSE: VG) on a […]
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International revenue climbed to $3.5 billion while North America slipped to $2.2 billion as U.S. fracking slowed. Here is what Halliburton’s Q3 2026 results mean for your fuel bill, oilfield jobs and HAL shareholders. Energy News Beat | October 23, 2026 If you want to know where the oil patch is heading, follow the companies […]
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The San Antonio refiner’s third-quarter profit rose about sixfold from a year ago, beating Wall Street’s forecast. Here is what a $72-a-barrel diesel margin means, what it doesn’t, and why it swings. Diesel costs $6.31 a gallon this morning, the AAA national average at 6:24 a.m. CT, up from $3.63 a year ago. That is […]
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