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Phillips 66 beats quarterly estimates as Iran war boosts US refining margins

Phillips 66 beats quarterly estimates as Iran war boosts US refining margins

By Pooja Menon Aug 5 (Reuters) - Phillips 66 reported a nearly fourfold jump in second-quarter profit on Wednesday, crushing Wall Street estimates, as the Middle East conflict squeezed global fuel supplies and sent U.S. refining margins soaring.
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Phillips 66 Reports Robust Second-Quarter Earnings with Strategic Investments in Energy Infrastructure

Phillips 66 Reports Robust Second-Quarter Earnings with Strategic Investments in Energy Infrastructure

Phillips 66 Reports Robust Second-Quarter Earnings with Strategic Investments in Energy Infrastructure
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EOG Resources Sees Doubling of Q2 Profits Amid Rising Oil Prices

EOG Resources Sees Doubling of Q2 Profits Amid Rising Oil Prices

EOG Resources Sees Doubling of Q2 Profits Amid Rising Oil Prices
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ConocoPhillips CEO Lance to retire, finance chief to take helm

ConocoPhillips CEO Lance to retire, finance chief to take helm

Aug 6 (Reuters) - Oil and gas producer ConocoPhillips said on Thursday Chief Executive Ryan Lance will retire after leading the oil producer for 14 years, with Chief Financial Officer Andy O'Brien set to take over as CEO on September 1.
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ConocoPhillips CEO Ryan Lance departs as oil producer posts best profit since 2022

ConocoPhillips CEO Ryan Lance departs as oil producer posts best profit since 2022

By Arathy Somasekhar and Pooja Menon HOUSTON, Aug 6 (Reuters) - ConocoPhillips said on Thursday CEO Ryan Lance will retire after 14 years, handing the job to CFO Andy O'Brien, as the oil and gas producer posted better-than-expected quarterly profit and revenue.
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Devon Energy Reports $1.9 Billion Q2 Profit Following Coterra Merger

Devon Energy Reports $1.9 Billion Q2 Profit Following Coterra Merger

Devon Energy Reports $1.9 Billion Q2 Profit Following Coterra Merger
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Occidental Petroleum's Earnings Report to Test Debt Reduction Strategy

Occidental Petroleum's Earnings Report to Test Debt Reduction Strategy

Occidental Petroleum's Earnings Report to Test Debt Reduction Strategy
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Devon Energy Achieves $1.9 Billion Q2 Profit Post-Coterra Merger, Enhances Production and Cash Flow

Devon Energy Achieves $1.9 Billion Q2 Profit Post-Coterra Merger, Enhances Production and Cash Flow

Devon Energy Achieves $1.9 Billion Q2 Profit Post-Coterra Merger, Enhances Production and Cash Flow
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Strathcona Resources Reports Strong Q2 2026 Financial Results and Declares Dividend

Strathcona Resources Reports Strong Q2 2026 Financial Results and Declares Dividend

Strathcona Resources Reports Strong Q2 2026 Financial Results and Declares Dividend
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Diamondback Energy Reports Strong Q2 2026 Financial Results Amid Production Milestones

Diamondback Energy Reports Strong Q2 2026 Financial Results Amid Production Milestones

Diamondback Energy Reports Strong Q2 2026 Financial Results Amid Production Milestones
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Marathon Petroleum Reports Significant Increase in Second-Quarter 2026 Earnings

Marathon Petroleum Reports Significant Increase in Second-Quarter 2026 Earnings

Marathon Petroleum Reports Significant Increase in Second-Quarter 2026 Earnings
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Marathon Petroleum's profits surge on big refining margin boost

Marathon Petroleum's profits surge on big refining margin boost

By Nicole Jao and Arunima Kumar NEW YORK, Aug 4 (Reuters) - U.S. refiner Marathon Petroleum on Tuesday reported second-quarter profit jumped four-fold to $5.14 billion, topping analyst estimates as prolonged disruptions to crude supplies through the Strait of Hormuz doubled refining margins.