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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Casino Guichard Perrachon | AQEU:COP | Aquis Europe | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.1095 | -3.01% | 3.5305 | 3.4985 | 3.568 | 3.5775 | 3.44 | 3.5775 | 1,865 | 16:28:29 |
ConocoPhillips' (COP) global refinery utilization rate will be in the upper 80% range during the second quarter, chief operating officer John Carrig said Thursday.
The company' U.S. refineries will see a utilization rate "in the mid-90s," Carrig said during a conference call with analysts. But turn-arounds and lower utilization in international refineries will bring down the global rate, he said.
During the first quarter, the utilization rate of U.S. refineries ranged around 80% due to maintenance in Gulf Coast and East Coast refineries. Global refining utilization stood at 81%, 12% lower than the previous quarter, Carrig said.
Profits at the company's refining and marketing segments fell 61% from a year earlier, primarily due to a 70% plunge in marketing margins.
- By Angel Gonzalez, Dow Jones Newswires;713-547-9214;angel.gonzalez2dowjones.com
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