For the year, refining operations yielded $143 million in operating income, compared with $707 million the previous year, Ashland said.
The deal represents the latest move by Exxon and other major oil companies to shift their focus from refining operations to higher-margin businesses like exploration and development of new sources of oil and natural gas.
The Refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations in the U.S., Canada, the U.K., Aruba, and Ireland.
Today Charles lords over nation's largest privately held company: chemicals, pipelines, ranching, commodities trading, lumber, paper; also refining operations in Alaska, Texas and Minnesota.
The Branch and Asarco segments include integrated copper extraction, smelting and refining operations, produce copper, with production of by-products of molybdenum, silver and other material, mainly in Peru and the U.S. The ITM segment engages in the railway transportation activities.
The concept of res judicata has expanded in scope and power as the courts have refined its operation.
He refined the operation over time, reducing the size of the computer and strapping it under his clothes.
This part of the exhibition has special resonance since the American Sugar Refining Company, which acquired the Domino plant on the Williamsburg waterfront in 2001, closed the refining operation last week.
"The soup's not quite cooked yet," said Mitch Mandich, a director of Range Fuels, one of the companies trying to build such a refining operation.
It was during this phase-out that Mitsubishi moved its refining operation to Malaysia, where old tin mines had left behind thousands of tons of semiprocessed slag that was rich in rare earth ore.
Voser brushed aside suggestions he might be interested in taking over BP, saying Shell had "more than enough on its plate", and expressed no enthusiasm for plans being prepared by US rival ConocoPhillips, and also under consideration at BP, to split the business into two companies: one upstream exploration firm, the other a downstream refining operation.
