Lubrizol last Wednesday announced its new Lubrizol® PV1119 additive technology, providing protection against low speed pre-ignition (LSPI) and premature chain wear. Due to the delay with the introduction of ILSAC GF-6, Lubrizol realized it was critical that the market have a solution under the current GF-5 specification.

Sales for Afton Chemical for the first quarter of 2017 were $540.0 million, up 6.7% from 506.1 million in the same period last year. Operating profit for the first quarter of 2017 was $99.1 million, slightly lower than first quarter operating profit last year of $100.4 million.

Last Friday, ExxonMobil, Chevron and Phillips 66 announced first quarter 2017 earnings. ExxonMobil reported earnings of $4 billion compared with $1.8 billion a year earlier. Chevron reported earnings of $2.7 billion compared with a loss of $725 million in the 2016 first quarter. Refiner Phillips 66 reported earnings of $535 million, compared with $163 million in the fourth quarter of 2016.

Valvoline last Tuesday reported that gross profit increased 3 percent to $198 million for the second fiscal quarter ended March 31, 2017. FUCHS PETROLUB reported it increased sales revenues by 12% to EUR 618 million compared with the 2016 quarter and said earnings improved by 11% to EUR 94 million.

Elevance Renewable Sciences has given Chemtura global rights to develop, derivatize, manufacture, use and sell products incorporating the Elevance Aria® WTP technology in lubricant applications. Elevance Aria® WTP technology combines the benefits of synthetic esters and PAO basestocks into a single high-performing molecule providing advanced lubricating properties.

• Phillips 66 Increases Posted Prices of Its (Group II) Pure Performance 70N and 80N by 8 CPG, Its 110N by 10 CPG, Its 225N by 8 CPG, and Its 600N by 10 CPG Effective April 25
• Phillips 66 Also Increases Its Group II+/III Base Oils, Ultra S2 by 18 CPG, Its Ultra S3 by 15 CPG, Its Ultra S4 by 19 CPG and Its Ultra S8 by 21 CPG, Effective April 25
• PBF to Increase Posted Prices on All Base Oils: VP 100 – VP 850M by 20 CPG, VP 150BS by 15 CPG, and Blended Base Oils by 20 CPG, Effective May 4
• San Joaquin Refining to Increase Naphthenic Base Oil Prices by 15 CPG Effective May 1
• Ergon Increases Prices of All Viscosities of Naphthenic Oils in North American Market by 15 CPG, Effective April 28
• CITGO to Raise Branded and Private Label Products by 4% to 6% Effective May 15
• RelaDyne to Purchase Western Marketing, Inc.
• Valvoline Inc. Provides Update on Final Separation from Ashland Global Holdings Inc.
• Clariant Records Significantly Higher 1Q 2017 Sales and Earnings
• Neste Comparable 1Q 2017 Operating Profit up 17%