Huntsman posted higher third-quarter earnings despite an unplanned outage at its Port Neches plant. ( Brett Coomer / Chronicle )

Huntsman Corp. posts small profit despite shrinking revenues

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Despite keeping its earnings positive, the chemical products manufacturer saw its quarterly revenues decline by 23 percent.
CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I focuses on Gulf Coast to ride out oil bust

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Although CB&I operates worldwide, more than 70 percent of its engineering and construction revenues in 2016 will come in the U.S., the company announced Tuesday during an investor day in New York.
LyondellBasell CEO Bob Patel poses for a portrait at the LyondellBasell Channelview Chemical Company plant Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell’s revenues dip by 31 percent, but earnings stay steady

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LyondellBasell is planning to spend up to $4 billion in capital through 2020 along the Gulf Coast, mostly in Texas.
Flags fly outside Dow Chemical Co. headquarters in Midland, Michigan, U.S., on Wednesday, Dec. 9, 2015. Dow Chemical Co. and DuPont Co., two historic giants of American industry, are considering a merger that would ultimately dismantle both along lines proposed by activist investors over the past two years. Photographer: Jeff Kowalsky/Bloomberg

Dow reports increased income, job cuts as DuPont merger looms

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Dow, the largest employer in Brazoria County, is planning to merge into the newly formed DowDuPont by the end of the year.
Westlake Chemical CEO Albert Chao has highlighted production rates in Kentucky. (Houston Chronicle)

Westlake Chemical fails in initial $1.4 billion takeover bid of Axiall

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The Houston petrochemical company made the offer public as part of a hostile takeover effort to woo Axiall’s shareholders.
Phillips 66 Chairman and CEO Greg Garland.  ( James Nielsen / Houston Chronicle )

Phillips 66 profits plummet 43 percent, still meet expectations

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Phillips 66 reported $650 million in net income in the fourth quarter, or $1.20 per share, well down from $1.15 billion, or $2.05 a share, in the final three months of 2014. The company’s profits still show that refining and chemicals companies like Phillips 66 are performing much better during the oil crash than the production and services companies, many of which are reporting large losses.
( Johnny Hanson / Chronicle )

Economist says Texas oil drillers may have unlocked crude supply lasting “decades into the future”

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Despite the massive cutbacks, Texas in 2015 likely broke the state’s 43-year-old record for crude oil production.
The Dow Chemical Co. logo is displayed on the company's headquarters  in Midland, Michigan, U.S., on Friday, July 22, 2011. Dow, the largest U.S. chemical maker, is expected to announce quarterly earnings on July 27. Photographer:Frank Polich/Bloomberg

Dow Chemical CEO reiterates commitment to Brazoria County

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Liveris visited Lake Jackson on Tuesday to commemorate the opening of Dow’s new Texas Innovation Center, which is a five-building technology development facility that can accommodate more than 2,000 workers.
TPC Group, which has some of its operations in the Houston area, has been sold to private equity firms. Photo: Thomas B. Shea

TPC Group poaches CEO from Siluria

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Dineen, a former chief operating officer at petrochemical giant LyondellBasell, will leave his current CEO gig this month leading San Francisco-based Siluria Technologies. Siluria is leading a chemical technology pilot project near Houston in La Porte.
Technip's office at 11700 Old Katy Rd. in Houston (Carlos Antonio Rios/Houston Chronicle)

Air Products contracts Technip to build $400 million Baytown plant

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Pennsylvania-based Air Products is planning for the world-scale steam methane reformer plant in Texas to produce 125 million cubic feet a day of hydrogen and carbon monoxide, much of which will ship through its Gulf Coast pipeline that runs from the Houston Ship Channel to New Orleans.