Earnings Insight: Oil Refiners See Sharp Declines To Q1 Estimates
Source: SeekingAlpha
2025-04-15 03:10:00 ET
Summary
- Energy companies are facing a double headwind: proposed tariffs that threaten to dampen demand, and an unexpected increase in OPEC production that could raise global supply.
- Oil refiners face a lower oil price environment which will compress refining margins.
- The three largest refiners in the U.S. - Phillips 66, Valero Energy, and Marathon Petroleum - have all seen significant earnings downgrades from sell-side analysts.
By Tajinder Dhillon
Energy companies are facing a double headwind: proposed tariffs that threaten to dampen demand, and an unexpected increase in OPEC production that could raise global supply and place additional downward pressure on oil prices....
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Earnings Insight: Oil Refiners See Sharp Declines To Q1 Estimates
Marathon Petroleum Corporation
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