Tag Archives: unable

Refiner margins unable to fully offset low upstream earnings for integrated oil companies

June 17, 2015 Source: U.S. Energy Information Administration, based on Evaluate EnergyNote: Upstream refers to crude oil exploration, production, and other operations prior to refining. Downstream refers to refinery operations, product sales, and marketing. First-quarter 2015 financial results for globally integrated oil companies—ones that focus on both the exploration and production of crude oil (upstream) […]

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