Caltex Reports Significant First Half Declines

Caltex reported a 13% decline in first-half 2013 replacement cost net profit to AUD 171 million, in line with expectations. Revenue fell 2.5% to AUD 23.6 billion due to lower sales volumes and lower average prices. Marketing and distribution earnings before interest and tax, or EBIT, was in line with the record first-half 2012 result of AUD 367 million, as lower sales were favourably offset … Continue reading Caltex Reports Significant First Half Declines

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EXC May Need to Watch Obama Administration

Exelon is the largest U.S. competitive power generator with roughly 35 gigawatts of power generation, including the nation’s largest nuclear fleet with 19 GW of capacity, as a result of its all-stock merger with Constellation Energy, which closed in 2012. Exelon is also the nation’s secondlargest regulated distributor of electricity and gas (6.6 million customers) and one of the largest retail energy suppliers in the … Continue reading EXC May Need to Watch Obama Administration