Valvoline’s Lubricant Product Line to be Acquired by Saudi Aramco?

I do realize the simpleton-esque nature of my view, but I think diversification talk signifies that quality and innovation inherent in the segment being diversified is no longer a major goal of that segment. They are now in the stock price growing business first and foremost. Not that they've been particularly out front in innovation but I've always felt they had a strong focus on quality at least as much as growth. I'm going to assume much of that focus will be redirected to balance sheets.
 
Silver said:
I do realize the simpleton-esque nature of my view, but I think diversification talk signifies that quality and innovation inherent in the segment being diversified is no longer a major goal of that segment. They are now in the stock price growing business first and foremost. Not that they've been particularly out front in innovation but I've always felt they had a strong focus on quality at least as much as growth. I'm going to assume much of that focus will be redirected to balance sheets.
Click to expand...


That's why I said as long as they don't reduce moly because it's expensive and it will be the first thing to go. lol

just bought 2 jugs of extended for my Tundra. For some reason this engine likes moly more than my other cars otherwise it will sound like a real diesel.
 
Scott S said:
Isn't Chevron and Phillips 66 the same company?
Click to expand...

No, they are not the same company. Below is a list that distinguishes them and others.

https://www.investopedia.com/articles/personal-finance/010715/worlds-top-10-oil-companies.asp

NEWS COMPANY NEWS

10 Biggest Oil Companies​

SNP, PTR, and TADAWUL: 2222 top the list of the 10 biggest oil companies​


By
NATHAN REIFF

Updated March 07, 2022
Oil remains a dominant source of energy worldwide, Oil companies supply billions of barrels of petroleum products daily to power transportation and industry. Rising public concern about climate change and measures to reduce the use of carbon-based fuels have had a very limited effect to this point. After a punishing slump in crude prices in the early stages of the COVID-19 pandemic, many of the world's leading oil companies were gushing cash again by 2021 as a global economic recovery took hold.

Below we look at the 10 biggest oil companies (refiners as well as crude producers) by 12-month trailing (TTM) revenue. While U.S.-based companies make up half of the list, the ranking also includes companies based in Saudi Arabia, China, the U.K., and France. With the unavoidable exception of Saudi Aramco, this list is limited to companies publicly traded in the U.S. or Canada, either directly or through ADRs. Some foreign companies may report semiannually, and so may have longer lag times. All data as of Feb. 24, 2022.12

#1 Saudi Arabian Oil Co. (Saudi Aramco) (Tadawul: 2222)​

  • Revenue (TTM): $1.3 trillion
  • Net Income (TTM): $330.3 billion
  • Market Cap: $7.5 trillion
  • 1-Year Trailing Total Return: 17.4%
  • Exchange: Tadawul

#2 PetroChina Co. Ltd. (PTR)​

  • Revenue (TTM): $367 billion
  • Net Income (TTM): $13 billion
  • Market Cap: $95.8 billion
  • 1-Year Trailing Total Return: 50.7%
  • Exchange: New York Stock Exchange

#3 China Petroleum & Chemical Corp. (SNP)​

  • Revenue (TTM): $353.2 billion
  • Net Income (TTM): $14.3 billion
  • Market Cap: $62.3 billion
  • 1-Year Trailing Total Return: -3.6%
  • Exchange: New York Stock Exchange

#4 Exxon Mobil Corp. (XOM)​

  • Revenue (TTM): $280.4 billion
  • Net Income (TTM): $23 billion
  • Market Cap: $325.4 billion
  • 1-Year Trailing Total Return: 47.2%
  • Exchange: New York Stock Exchange

#5 TotalEnergies SE (TOT)​

  • Revenue (TTM): $184.6 billion
  • Net Income (TTM): $16 billion
  • Market Cap: $146.4 billion
  • 1-Year Trailing Total Return: 27.5%
  • Exchange: New York Stock Exchange

#6 BP PLC (BP)​

  • Revenue (TTM): $157.7 billion
  • Net Income (TTM): $7.6 billion
  • Market Cap: $101.6 billion
  • 1-Year Trailing Total Return: 34.6%
  • Exchange: New York Stock Exchange

#7 Chevron Corp. (CVX)​

  • Revenue (TTM): $155.6 billion
  • Net Income (TTM): $15.6 billion
  • Market Cap: $261.3 billion
  • 1-Year Trailing Total Return: 42.8%
  • Exchange: New York Stock Exchange

#8 Marathon Petroleum Corp. (MPC)​

  • Revenue (TTM): $120 billion
  • Net Income (TTM): $9.7 billion
  • Market Cap: $46.6 billion
  • 1-Year Trailing Total Return: 40.7%
  • Exchange: New York Stock Exchange

#9 Valero Energy Corporation (VLO)​

  • Revenue (TTM): $114 billion
  • Net Income (TTM): $930 million
  • Market Cap: $35.3 billion
  • 1-Year Trailing Total Return: 19.9%
  • Exchange: New York Stock Exchange

#10 Phillips 66 (PSX)​

  • Revenue (TTM): $111.5 billion
  • Net Income (TTM): $1.3 billion
  • Market Cap: $36.8 billion
  • 1-Year Trailing Total Return: 2.8%
  • Exchange: New York Stock Exchange
 
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https://en.wikipedia.org/wiki/Unocal_Corporation

In 1997, Unocal sold its western United States refining and marketing operations to Tosco Corporation, including the rights to the Union 76 brand for refining and marketing (except in states where Uno-Ven operated). Tosco was later acquired by Phillips Petroleum, which later merged with Conoco to form ConocoPhillips.

In April 2005, the United States oil company Chevron made an offer to acquire Unocal for US$16.6 billion, which was followed, after the companies had agreed to the transaction, by a competing unsolicited bid from the Chinese firm CNOOC Limited of US$18.5 billion on June 22.[11] The final Chevron offer of $17.9 billion was approved by Unocal shareholders on August 10.[12] The final CNOOC bid was nearly 5% greater than that of Chevron, but faced significant political opposition from the United States Congress and was finally withdrawn by CNOOC August 2 citing the associated political uncertainty.[13][14] Following a vote in the United States House of Representatives, the CNOOC bid was referred to President George W. Bush, on the grounds that its implications for national security needed to be reviewed.​

 
Drove by the Phillips plant in Bartlesville as well as Ponca and the logos of all 4 companies can be seen at the main entrances
Phillips 66
Conoco
76
and in much smaller and newer signage Chevron

It all depends on if it's upstream or downstrean
 
PontiacHO said:
That begs the question… What oil company will be American made and owned? Warren and Amalie?
Click to expand...

Energy Transfer Partners a.k.a. acquired Sunoco, HQ Dallas, Texas. https://en.m.wikipedia.org/wiki/Sunoco

Started as Sun Oil Company. a.k.a. or d/b/a SunOCo.
1920_Sunoco_motor_oil_newspaper_ad.jpg
 
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