ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Chemical Earnings Sink At Petroleum Firms

by Alexander H. Tullo
February 25, 2008 | APPEARED IN VOLUME 86, ISSUE 8

Fourth-quarter and full-year 2007 results for the chemical businesses of U.S. oil companies showed weakness in commodity chemicals, due mostly to high raw material costs.

Thank you for subscribing to the C&EN Weekly Newsletter!
"); document.getElementById("form6999").reset(); }, error: function (jXHR, textStatus, errorThrown) { alert("This field is required"); } }); } }); });

Chevron and ConocoPhillips, which operate most of their chemical businesses in the Chevron Phillips Chemical joint venture, both posted sharp chemical declines in the quarter and year. ConocoPhillips said lower profits for olefins, polyolefins, and aromatics in the joint venture were responsible for the drop. Chevron fingered results at Chevron Phillips and lower sales at its Oronite fuel additives subsidiary.

Chevron and ConocoPhillips, which operate most of their chemical businesses in the Chevron Phillips Chemical joint venture, both posted sharp chemical declines in the quarter and year. ConocoPhillips said lower profits for olefins, polyolefins, and aromatics in the joint venture were responsible for the drop. Chevron fingered results at Chevron Phillips and lower sales at its Oronite fuel additives subsidiary.

More on this Story

Advertisement
X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment