Occidental Petroleum to reduce debt before boosting oil output: CEO Hollub

This post was originally published on this site(Reuters) – Occidental Petroleum will not grow production until it “significantly” reduces debt, Chief Executive Vicki Hollub said

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US shale producers Pioneer Natural Resources, Devon pitch plans for variable dividend

This post was originally published on this siteHOUSTON (Reuters) – U.S. shale producers Pioneer Natural Resources (PXD.N) and Devon Energy Corp (DVN.N) plan a variable dividend, their chief

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Chevron posts $8.3 billion second-quarter loss on write downs, job cuts

This post was originally published on this siteHOUSTON (Reuters) – Chevron Corp (CVX.N) on Friday reported an $8.3 billion loss in the second quarter on asset writedowns from plummeting

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Chevron posts $8.3 billion loss on write downs, job cuts

This post was originally published on this siteHOUSTON (Reuters) – Chevron Corp (CVX.N) on Friday reported an $8.3 billion loss on asset writedowns from plummeting fuel prices, a forced

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UPDATE 1-EXCLUSIVE-Exxon prepares spending, job cuts in last ditch move to save dividend

This post was originally published on this site(Updates to include global employees also subject to performance-related cuts). By Jennifer Hiller, Ron Bousso and Dmitry Zhdannikov. HOUSTON, July

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Chevron to buy Noble for $5 billion in stock, biggest oil deal since price crash

This post was originally published on this siteHOUSTON (Reuters) – Chevron Corp (CVX.N) said on Monday it would buy oil and gas producer Noble Energy Inc (NBL.O) for about $5 billion in

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Wall Street sees Exxon paring asset values on weakening demand

This post was originally published on this siteHOUSTON (Reuters) – Exxon Mobil Corp (XOM.N) assets are likely overvalued in light of weak oil-demand outlook, according to Wall Street

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Exxon signals second quarterly loss in a row on production, refining hits

This post was originally published on this siteHOUSTON (Reuters) – Exxon Mobil Corp’s (XOM.N) oil and gas producing and refining businesses will report operating losses in the second

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Exxon signals second quarterly loss in a row on production, refining hit

This post was originally published on this site(Reuters) – Exxon Mobil Corp’s (XOM.N) oil and gas producing and refining businesses will report operating losses in the second quarter,

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Occidental Petroleum extends bid deadline for Wyoming, Colorado land

This post was originally published on this site(Reuters) – Troubled Occidental Petroleum Corp has given the state of Wyoming until July 8 to bid on the land and minerals it is selling in

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