Key TakeawaysScotiabank has reiterated its "Buy" rating for Shell (SHEL), maintaining a price target of $80.00.For TotalEnergies SE (TTE), Scotiabank has affirmed a "Hold" rating with a price target of $65.00.These updated price targets reflect Scotiabank's continued evaluation of the dynamics within the U.S. Integrated Oil, Refining, and Large Cap Exploration and Production sectors.Scotiabank Maintains Bullish Stance on ShellScotiabank has maintained its "Buy" rating for Shell (SHEL), with the firm's analy ...

Shares of CVR Energy, Inc. (NYSE: CVI ) have been an excellent performer over the past year, gaining 46%. Just a year ago, the company was suspending its dividend as it faced a challenging refining environment, but favorable regulatory activities have greatly improved optimism. I lastOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or h ...

Chevron said on Tuesday it was working to restart some of the processing units that were shut down due to a fire at its El Segundo refinery last week. ...

Company: Thai Oil Public Company LimitedBloomberg ticker: TOP TBMarket cap: US$2,501mBackground: Thai Oil Public Company Limited is Thailand’s largest refinery and supplier of petroleum products, and part of the Thai government-controlled PTT Group (PTT TB). Its current refining capacity is 275,000 barrels per day. TOP also has related businesses in aromatics, lube-base oil, power generation, marine and pipeline transport, and solvents.World Class Benchmarking of Thai Oil Profitable Growth rank of 9 was dow ...

Market Overview - Markets maintained momentum into Q3 2025, with the S&P 500 advancing 7.8%, driven by moderating inflation and rising expectations for Federal Reserve rate cuts [1] - Dividend-paying sectors showed resilience, while cyclical industries experienced strong gains [1] Sector Performance - A rotation towards cyclical and commodity-linked stocks intensified as rate expectations shifted towards easing [2] - Technology, Consumer Discretionary, and Communication Services led sector gains, while the Energy sector achieved a 6.2% gain, outperforming Real Estate, Materials, and Consumer Staples [3] Energy Sector Insights - Despite softer crude prices, strong demand for oil and gas, record U.S. LNG exports, and robust downstream margins contributed to broad-based performance, with total returns averaging mid- to high-single digits [4] - Upstream oil and gas producers saw an average gain of 5.8%, with APA Corporation leading at 34.6% due to strong production volumes and cost controls [6] - Midstream companies collectively gained 8.2%, driven by tankers like Scorpio Tankers and KNOT Offshore Partners, which saw gains over 40% [8] - The refining sector excelled, with the "Big Three" refiners generating an average return of 19.8% [10]

Such disruptions reflect a broader structural problem. Southeastern Mexico’s power grid is prone to instability, with long transmission corridors, limited redundancy, and high exposure to severe weather. Outages throughout the Yucatan Peninsula in May 2024 and September 2025 underscored the fragility of the system, leaving facilities such as Dos Bocas vulnerable to cascading failures. For a refinery of this scale, the lack of reliable power supply represents a critical operational risk.Yet the reality of op ...

Core Viewpoint - Chevron is making operational adjustments to its El Segundo refinery to address fuel demands in Southern California following a significant fire incident [1] Company Summary - Chevron's El Segundo refinery has a capacity of 285,000 barrels per day [1] - The adjustments are a direct response to the fire that occurred on Thursday, indicating a proactive approach to maintain fuel supply [1] Industry Summary - The incident highlights the vulnerability of refinery operations to unforeseen events, which can impact fuel supply in regional markets [1] - Operational changes in response to such incidents are critical for ensuring that fuel demands are met in affected areas [1]

Key TakeawaysThe U.S. government shutdown is set to extend into next week after the Senate failed to advance both Democratic and Republican funding bills, leaving approximately 750,000 federal workers furloughed.A significant fire at Chevron's El Segundo Refinery (CVX) in California, the largest on the West Coast, has been contained, but analysts anticipate a 35 to 95 cent per gallon increase in California gas prices.3M (MMM) is reportedly exploring a multibillion-dollar carve-out of its industrials arm, a ...

(Bloomberg) -- Chevron Corp.’s El Segundo refinery in Los Angeles County has shut multiple units as it continues battling a fire that broke out last night, the latest threat to fuel supplies in a state that’s already bracing for shortfalls. Firefighters responded after reports of an explosion at the El Segundo operation, south of Los Angeles airport, on Thursday evening local time. “The fire originated at a process unit at the southeast corner of the refinery,” said Becky Robinson, a spokesperson for the ...

Energy stocks rallied in Q3 2025, with refiners posting nearly 20% gains and tankers surging over 40%. Here’s a breakdown of the quarter’s top performers. https://t.co/oMwx74wy37 ...