:max_bytes(150000):strip_icc()/GettyImages-2133939753-d8a2a9252c8f4b3793697dc3f0619ec4.jpg?w=780&resize=780,470&ssl=1 "Shell Posts Q2 Adjusted Profit Beat Despite Declining Refining Margins")
KEY TAKEAWAYS Shell reported higher-than-forecast second-quarter adjusted earnings, although refining margins at the energy giant dropped from the prior quarter.…
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:max_bytes(150000):strip_icc()/latestGainersLosers1-c35a2fd5c50343b894d03b99072c3226.png?w=780&resize=780,470&ssl=1 "Builders FirstSource Falls Amid Lower Margins")
Key Takeaways The S&P 500 ticked 0.1% higher on Tuesday, May 7, 2024, holding on to its streak of winning…
Read More »:max_bytes(150000):strip_icc()/GettyImages-2107852877-84eefaab6bd2452784d13a3b3bf22693.jpg?w=780&resize=780,470&ssl=1 "Phillips 66’s Refining Margins Sink, Dragging Down Profits")
Key Takeaways Phillips 66 reported a drop in first-quarter profits as refining margins thinned. The energy company’s realized refining margins…
Read More »:max_bytes(150000):strip_icc()/GettyImages-1900663427-32551b903bc94cf48c0f6d180b96eec0.jpg?w=780&resize=780,470&ssl=1 "Chevron Posts Revenue, Profit Decline as Lower Natural Gas Prices Hit Margins")
Key Takeaways Chevron reported first-quarter results that showed a year-over-year decline in revenue and income. Analysts had projected the decline…
Read More »:max_bytes(150000):strip_icc()/GettyImages-1898131339-5abd8750057f4d07bcf4db4de769f0dc.jpg?w=780&resize=780,470&ssl=1 "Seagate Stock Jumps After Morgan Stanley Upgrades on Improving Margins")
Seagate Technology (STX) shares surged on Tuesday after Morgan Stanley upgraded the stock and raised its price target, citing the…
Read More »:max_bytes(150000):strip_icc()/GettyImages-2089870219-4dd3ca883afd425eabfc6c0b295b9adb.jpg?w=780&resize=780,470&ssl=1 "Boeing CFO Projects Q1 Cash Burn, Negative Margins From 737 MAX Issues")
Key Takeaways Boeing Co. CFO Brian West forecast the troubled plane maker would burn through $4 billion to $4.5 billion…
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