With refining margins down, production problems up and its Dynegy Inc. investment blown, ChevronTexaco Corp. reported a net loss of $904 million (85 cents/share) for the third quarter, compared to earnings of $1.27 billion ($1.19/share) for the same period a year ago. Total net charges were $2.07 billion, including the $1.55 billion Dynegy write-off.
Refining
Articles from Refining
BP, Accenture Sign $175 M Outsourcing Expansion Deal
BP and Accenture, formerly Andersen Consulting, jointly announced a $175 million expansion of BP’s U.S. refining and marketing energy outsourcing agreement. The companies said Accenture will design, build and run business systems that support the majority of BP’s U.S. downstream back-office business processes.
May 28, 2001
BP, Accenture Sign $175 M Outsourcing Expansion Deal
BP and Accenture, formerly Andersen Consulting, jointly announced on Tuesday a $175 million expansion of BP’s U.S. refining and marketing energy outsourcing agreement. The companies said Accenture will design, build and run business systems that support the majority of BP’s U.S. downstream back-office business processes.
May 23, 2001
Maryland Refining Choice Program
Slow, but steady appears to be winning the race for the retailnatural gas market in the state of Maryland, where some marketershave dropped out — casualties to high prices and billing problems— but others are closing ranks and developing the sophisticationnecessary to weather changing conditions.
November 30, 2000
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