To please investors, Big Oil makes deepest cuts in a generation
From Chevron Corp. to Royal Dutch Shell Plc, producers are firing thousands of workers and canceling investments to defend their dividends.
View ArticleHouse panel votes to lift 40-year-old US ban on oil exports
The House Energy and Commerce Committee approved the legislation, 31-19, with three Democrats joining 28 Republicans to back the bill.
View ArticleEIA: Oil firms’ deficit between spending and cash balloons to $50 billion
The plunge in crude prices cost oil companies some $35 billion in operating cash flow in the second quarter, the U.S. Energy Information Administration said Thursday.
View ArticleMany oil companies “virtually abandoning” exploration
Investment banking firm Tudor, Pickering, Holt & Co. forecast that oil company spending will fall to $25 billion next year, down 50 percent over the last three years.
View ArticleObama: Cheap gasoline prices drove oil tax decision
The proposal faces an uphill battle in the Republican-led Congress, which has repeatedly pushed back against the president's climate change initiatives.
View ArticleAn oil crash so deep even Exxon is hurting
About 35 years ago, Ed Hirs, now a University of Houston energy fellow, worked in mergers and acquisitions for the old Houston conglomerate Anderson, Clayton and Co. At one point during his brief time...
View ArticleDrillers cap record year for stock sales with December surge
Wall Street investors poured cash into nine U.S. shale drillers that issued new shares in December, the industry’s most active month in a record year for such offerings. As OPEC struck international...
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