I’m a little surprised that the 2nd quarter earnings beat expectations even though the analysts had lowered expectations a week or so ago.
We still didn’t make as much as VLO and they don’t even have chemicals or big midstream operations.
One interesting thing is that renewables is still losing money though less that last quarter.
So Go Go’s “strategy” is still not working.
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@ab+1k112tqb4 Can you add details about commercial, it’s been described as the company’s golden goose
Turnaround cost down! Oh wait we didn't do a Turnaround..... lets watch as imminent destruction causes high lpo. Hopefully we don't ki-l anyone. We always just barely keep from ki-ling people. King nothing golden parachutes into retirement. Don't you understand we need this company to succeed? You won't listen. How can you continue to take raises and bonuses when you say we all need to feel the pain? Or delete the truth. Snub your nose. Convince yourself we're roaches and crybabies. Give us a chance. Give us some faith. If we win you win.
Cost per barrel is down because no one is left in the organization.
These numbers are always funny money… I bet they transferred costs to corporate and cut massive scope during turnarounds to drive down refining costs.
“I don’t believe the numbers”. Contact the SEC if you think the company is falsifying that data. Because it’s illegal.
I don’t believe the clean product yield or the 98% refinery utilization rate and have doubts about the cost per barrel number.
You can’t dismiss the impressive clean product yield and cost per barrel for refining. Whether or not that was caused by Go-Go’s strategy is up for debate. I’m happy to see that Commercial didn’t eff it up.
Layoffs when?