If Big Oil was a two-engine airplane, you could say it’s been flying on a single engine since energy prices crashed in 2014. Now, the second motor is sputtering. The major integrated oil companies, including Exxon Mobil Corp., Total SA and BP Plc, have relied on their so-called downstream businesses, which include refining crude into gasoline, oil trading and gas stations, to cushion the losses on their upstream units, which pump crude and natural gas. While the downstream business is sputtering, it’s still keeping the plane aloft. Margins remain well above the depressed levels of $5 to $7 a barrel of the late 1990s and early 2000s.
American Dollar to Canadian Dollar = 0.756439; American Dollar to Chinese Yuan = 0.148204; American Dollar to Euro = 1.153024; American Dollar to Japanese Yen = 0.009233; American Dollar to Mexican Peso = 0.052219.