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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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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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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California’s biggest utility missed Wall Street by a penny but held its 2026 and 2027 outlook. For customers, the bigger story is a typical 500 kWh bill of $203.54 a month and wildfire costs that keep landing on ratepayers. PG&E Corporation (NYSE: PCG) reported third-quarter results on Thursday, Oct. 22. Non-GAAP core earnings came to […]
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The Denver frac company’s third-quarter sales rose 26% from a year ago, and it raised its dividend 11%. But adjusted earnings came in below forecasts, and a markdown on investments pushed it to a $39 million net loss. Liberty Energy (NYSE: LBRT), a top North American frac company, reported its third-quarter results after the market […]
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I was on a roll today. “Virginia Gov Drives the Net Zero Budget Like a Shoppin Cart” In this week’s Energy News Beat podcast, host Stu Turley tackles the critical energy challenges facing America, from skyrocketing diesel prices and refinery closures to the political policies driving energy costs higher. With diesel at $6.32 per gallon […]
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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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Bloom Energy sells on-site fuel-cell power plants to data centers, utilities, and businesses, and markets them as “clean energy.” ENB checked the company’s filings, product specs, and deals against federal data. Bloom’s sales and profits rose sharply in the first half of 2026, and as of the Oct. 21, 2026 close, its stock was up […]
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The Venezuelan-owned refiner now expects $7.7 billion to $8 billion in 2026 EBITDA on surging fuel margins. Meanwhile, the court fight over who owns it reaches a federal appeals court today. an arbitration award against Venezuela. On Nov. 25, 2025, Judge Leonard P. Stark approved a $5.9 billion bid from Amber Energy, an affiliate of […]
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The oilfield-services giant earned $0.60 a share on an adjusted basis and kept buying back stock. North America slipped 5% from the second quarter while the Middle East and Asia grew 8%. Halliburton was among the first energy companies to report third-quarter results, and on Tuesday morning it beat Wall Street’s forecasts. The Houston company […]
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