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CommodityOilPrice.com

Chevron Profits Nearly Triple to $9.9 Billion

Chevron's third-quarter profit nearly tripled to $9.9 billion, with its refineries doing much of the heavy lifting despite processing just 3% more crude than a year earlier. The company reported earnings of $5.06 per share Friday, up from $1.82 a year ago. Adjusted earnings reached $10.4 billion, or $5.28 per share, comfortably beating Wall Street's estimate of $4.89. Chevron's downstream…

CommodityOilPrice.com

Water Tank Rupture Triggers Safety Concerns at Tajikistan’s Rogun Dam

A recent industrial “incident” disrupted work on the Rogun Dam in Tajikistan. Depending on which source is to be believed, either no one was harmed or at least five people were injured. According to Tajikistan’s State Service for the Supervision of Industrial and Mining Safety, an accident occurred in a tunnel at a section of the plant that is under construction on October 21. The Asia-Plus news…

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