Tuesday, August 26, 2025

Exxon Preps Texas Refinery for Vastly Expanded Shale Oil Refining

Exxon expansion plans would yield total refining capacity of ~665,000 BPD – with FID, Beaumont would become largest U.S. refinery  From Reuters HOUSTON (Reuters) – Exxon Mobil Corp has begun groundwork at a Texas refinery that would become the largest in the United States in advance of a final investment decision on the expansion, three sources familiar with Exxon’s plans

Vermilion Production up 19% to 96 MBOEPD

Vermilion Energy (ticker: VET) held its Q3 conference call this week, elaborating on its temporary withdrawal from the Netherlands, share buybacks, basin potentials and budget assumptions. Fund flows from operations (“FFO”) for Q3 2018 were $261 million ($1.71/basic share), an increase of 34% from the prior quarter (18% on a per share basis) driven by higher production volumes and higher commodity

Core Laboratories Updates View on Long-Cycle Projects, Debt

Core Laboratories (ticker: CLB) gave its Q3 conference call yesterday, elaborating on some of the trends it sees with international activity improvement, its longer-cycle projects, and its debt agreement. Highlights from the Q3 Results for Core Laboratories: Revenue of $182.1 million, up 12% year-over-year Operating Margins of 19%; Ex-Items 20%, Up over 360 BPS year-over-year EPS of $0.50; $0.64 ex-items,