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Dow posts gains, says lower oil prices won’t hurt cost position

6:25 AM MDT | October 24, 2014 | CW Staff

Cost-advantaged feedstocks, made plentiful from shale gas development, continue to boost Dow Chemical’s margins. The company adds that while the sharp drop in crude oil prices has increased near-term volatility, it will not stop ethylene margins from marching toward a peak over the next two years. Dow reports third-quarter net income of $852 million, up 43% from the year-ago quarter, led by strong gains in performance materials, performance plastics, and electronic materials. Revenues were up 4.9%, to $14.4 billion. Reported adjusted earnings of 72...

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