Sinopec to acquire $3bn of assets from parent company
Oil major subsidiary to help offset refining losses as it follows global trend.
Published 23-Apr-2013
Oil major subsidiary to help offset refining losses as it follows global trend.
Phillips 66 has appointed a new general manager of lubricants
Fourth quarter results for 2012 showed a mixed bag from the likes of BP, ExxonMobil, Shell and Chevron
Phillips 66 and Chevron plan 2013 capital budgets worth around $40bn, with Phillips 66 also announcing creation of an MLP.
Unlike the oil majors, the chemical and downstream specialists showed buoyant Q2 figures.
ConocoPhillips Board agrees spin-off and new company begins trading as Q1 results reveal a drop in profits and more Chinese compensation payments.