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Monday, October 30, 2017VOLUME 13 ISSUE 44
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ExxonMobil, Chevron, Phillips 66 Post Improved 3Q Earnings

Last Friday, ExxonMobil, Chevron and Phillips 66 all reported improved third quarter earnings. ExxonMobil's and Phillips 66 earnings were both up 50 percent, while Chevron's earnings were up 52 percent. BP and Shell are scheduled to report third quarter earnings later this week.


Caterpillar Revises Its Machine Fluids Recommendations Bulletin

Caterpillar has revised its Machine Fluids Recommendations Bulletin, SEBU6250 (now Rev 26), which covers Caterpillar's most current recommendations and specifications for lubricants, fuels and cooling system fluids for use in Caterpillar machines.

Afton Chemical's 3Q Sales Up, Profit Down

Sales for Afton Chemical for the third quarter of 2017 were $546.2 million, up 6.6% versus the same period last year. Operating profit for the third quarter of 2017 was $87.9 million, lower than third quarter operating profit last year of $106.4 million.


Volkswagen To Roll Out Electric Trucks, Buses

Volkswagen Truck & Bus said it will invest 1.4 billion euros (US$ 1.65 billion) in new technology including electric drivetrains, autonomous systems and cloud-based software.


Finished Lube Price Increases Announced

ExxonMobil and independents CAM2, Smitty's Supply, Warren Oil and Chemlube all announced finished lube price increases within the range of 4% to 9% per gallon, during the past week or so.


  • Calumet to Increase Prices on All Paraffinic Base Oil Grades 700 and Lighter by 10 CPG Effective November 1,  2017
  • HollyFrontier Increases SN 70 –  SN 700 (All Grades Except SN 150 BS) by 12 CPG Effective October 19
  • ExxonMobil Increases Prices of Its (Group I) CORE Base Oils Except BS by 12 CPG Effective October 20, 2017
  • PBF Increases Prices on All Its Group I Base Oils (VP 100 – VP 850M) Except VP 150BS by 12 CPG Effective October 25
  • Neste Reports Strong 3Q Performance
  • Lykins Energy Purchases Wiley Oil Co. in Dayton, Ohio

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