CP Chem O&P posts lower Q1 2021 income mainly due to winter storm impacts

CP Chem O&P posts lower Q1 2021 income mainly due to winter storm impacts
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

05.05.2021

MOSCOW (MRC) -- Chevron Phillips'В Olefins and Polyolefins' (O&P) businessВ has postedВ adjusted pre-tax income ofВ USD174 millionВ in the first quarter of 2021, compared with USD216 million in the fourth quarter of 2020, as per the company's press release. The USD42 million decrease was primarily due to winter storm impacts, which resulted in decreased production and higher utility cost

Full article at mrcplast.com

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