(David Paul Morris/Bloomberg)

Valero Energy’s profit jumps 30 percent

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Valero, the nation’s largest refiner, attributed the higher net income mostly to higher margins in its refining segment and healthy demand.
Paul Foster, president and CEO of Western Refining Company, stands outside the refinery Thursday, July 22, 2004, in El Paso, Texas. Foster was among five appointees by Texas Gov. Rick Perry to the Texas High Education Coordinating Board on Thursday. (AP Photo/El Paso Times, Victor Calzada)

Western Refining makes offer to buy Northern Tier Energy

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Western Refining intends to make Northern Tier a wholly-owned subsidiary, but Northern Tier has not yet accepted the offer.
(AP Photo/Lisa Poole, File)

Phillips 66 names new CFO

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Phillips 66 Vice President of Investor Relations Kevin Mitchell, 49, will become the executive vice president of finance and CFO on Jan. 1 after Maxwell steps down, Phillips 66 said Friday in a filing with the U.S. Securities and Exchange Commission.
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Phillips 66 grows in Texas, Louisiana to feed refineries

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Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.
Par Pacific Holdings CEO William Pate

Par Petroleum changes name and CEO

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Parr moved to Houston in 2012 and began trading on the NYSE MKT market in 2014. The company, which has refining, midstream, upstream and marketing assets, has frequently shuffled its leadership while making recent deals to grow its presence, particularly in Hawaii.
Student Alva Gonzalez practices at a pipe welding school operated by Fluor in Houston. (Eric Kayne/For the Chronicle)

Fluor awarded $2.6 billion Kuwait contract

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Fluor is leading the joint venture and said it recently booked its $2.6 billion portion of the deal. The refinery complex is expected to produce 615,000 barrels a day.
Phillips 66 Chairman and CEO Greg Garland.  ( James Nielsen / Houston Chronicle )

Phillips 66 cuts its capital budget nearly 20 percent

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Phillips 66 also will move forward with a $2 billion share buyback program. Nearly 80 percent of Phillips 66’s growth capital is directed toward its midstream expansions in pipelines, storage and export terminals.
(David Paul Morris/Bloomberg)

Valero opposes lifting oil export ban while sending crude to Canada

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Energy companies eager to sell raw, unprocessed U.S. crude around the world point to Valero’s posture as evidence that current export restrictions are fundamentally unfair, giving refiners access to world markets to buy the oil they use and sell the gasoline they make, even though domestic producers don’t have the same latitude.
Rep. Gene Green, D-Texas in April 2014, before the House Energy and Commerce subcommittee on Oversight and Investigation. (AP Photo/Evan Vucci)

Green presses for safeguards in oil exports bill

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Green already secured one change to the oil exports legislation, but he insists more safeguards are needed to ensure refining jobs aren’t hurt by unfettered crude trade.
Trial started today for Exxon Mobil's Corp's Baytown complex in regards to accidental releases of harmful emission on Friday, Feb. 7, 2014, in Baytown. ( Mayra Beltran / Houston Chronicle )

Court upholds $236 million verdict in Exxon Mobil pollution case

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A jury reached the verdict in April 2013 after finding the company liable in a long-running lawsuit over contamination by the chemical MTBE.