Integrated Oil Companies See Potential Profitability in Refining Operations
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Historically, refiners' profit margins averaged between 1% and 3%, which one report describes as terrible. However, the same report notes that integrated oil companies like Shell and ExxonMobil own refiners because they sometimes generate significant profits, and this trend is currently occurring.
From dailyreckoning.com
Why it matters
The profitability of refining is a major factor in the oil market. Integrated companies own these refiners because they can generate substantial income, which is a significant trend in the current oil market.
From dailyreckoning.com
Who's involved
- ShellIntegrated oil company that owns refining operations.
- ExxonMobilIntegrated oil company that owns refining operations.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ShellSpeculative
Shell might see increased revenue from its integrated refining operations.
- ToyotaSpeculative
Toyota could face changes in the cost and availability of fuel for its products due to refining profitability.
- Electric Reliability Council of TexasSpeculative
The Electric Reliability Council of Texas may see shifts in energy supply dynamics managed by the organization.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Pioneer Natural Resources benefits from ExxonMobil's Texas shale operationsPioneer Natural Resources benefits from ExxonMobil's strong position in Texas shale playsLikely
- Equilon Enterprises may gain from strong US refining profitsEquilon Enterprises may benefit from high refining profits driven by strong US domestic oil supplyPossible
- Global refining shifts may impact Toyota's fuel costs and supplyGlobal refining shifts may impact Toyota's fuel costs and supply.Possible
- Shell's refining boom may affect Twice Daily's retail operationsHigh refining profits may influence Twice Daily's fuel pricing and revenue.Possible
How it developed
Newest first. Tap a step to see who reported it.Refining margins are soaring, boosting downstream profits for industry players.1 source
Companies own integrated refining operations and are involved in Texas shale plays.1 source
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The entities involved
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Shell
British multinational oil and gas company
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ExxonMobil
American multinational oil and gas corporation
Related events
- Global oil companies, including Shell and TotalEnergies, are operating in the US market.
- Soaring refining margins are boosting downstream profits for companies like ExxonMobil in Houston.
- A tragedy occurred in Alberta, coinciding with soaring refining margins that boost downstream profits.
- ExxonMobil's profits are tied to global refining margins.
- IMO secretary-general commended, coinciding with refining margins boosting downstream profits.