Thursday July 2, 2020

Profits rise at Whitegate refinery owner

The Irish subsidiary of ConocoPhillips, the US oil giant that operates the Whitegate oil refinery in Cork, made profits of $28 million last year on the back of increasing turnover.

1st November, 2008

The Irish subsidiary of ConocoPhillips, the US oil giant that operates the Whitegate oil refinery in Cork, made profits of $28 million last year on the back of increasing turnover.

The company, which employs 182 people in Ireland, reported a 15 per cent rise in turnover to $2.3 billion last year. Its 2007 profits were up from $19 million in 2006.

The firm’s directors reported that it was in ‘‘a period of steady but low-level growth’’ after the departure of some of...

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