Occidental profits fall 24 percent amid deflating crude prices
Occidental Petroluem said domestic oil production costs rose in the third quarter.
View ArticleConocoPhillips considers spending cuts in face of falling oil prices
The largest independent said both production and profits rose in the third quarter, but warned it may begin to pull back its budgets in 2015 as prices fall.
View ArticleValero’s profit triples in third quarter
Valero attributed the results to wider discounts for crude oils relative to the international benchmark crude and stronger gasoline margins in most regions.
View ArticleEOG profit doubles on low-cost wells even as oil price falls
CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump
View ArticleThrough third quarter, Halliburton cut one-fifth of jobs worldwide
Halliburton chopped another 4,000 jobs worldwide during the third quarter as oil companies continue to idle rigs and throttle activity, and will consider further reductions if business doesn't improve,...
View ArticleCameron’s profits slip 10.5 percent as cost cutting offsets weaker demand
Cameron International's profits slipped 10.5 percent as the Houston-based oil tool maker offset weaker demand for its onshore products by cutting costs and nearly tripling its subsea operating income.
View ArticleChevron will lay off thousands more workers, slash spending
The job cuts add to the list of 1,500 jobs already slashed this year, including 950 in Houston.
View ArticleTransocean will reduce fleet to meet tough market
The world's largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.
View ArticleConocoPhillips loses $1 billion in third quarter
ConocoPhillips, the nation’s largest independent oil producer, is still losing money, but less than it did last year. Conoco, based in Houston, reported on Thursday a third-quarter net loss of $1...
View ArticleAnadarko dumps gas, seeks oil
Anadarko Petroleum Corp. does not see its future in natural gas, and will increasingly focus on three oil-rich basins — in West Texas, Colorado and the Gulf of Mexico, company executives said on...
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