While higher gas prices have put pressure on chemical companies, many still have prospered while others have developed strategies to mitigate exposure to the challenges related to current gas market trends, said Standard & Poor’s in a new report.
Prospered
Articles from Prospered
ONEOK Benefits, Suffers From High Gas Prices
While ONEOK’s energy marketing and trading and production units prospered in the second quarter, gathering and processing suffered as a result of lower processing spreads, cutting net income to $23.6 million or 20 cents per diluted share, compared to $27.2 million or 23 cents per diluted share for the same period a year ago.
August 3, 2001
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