Edition:
United States

Jennifer Hiller

U.S. shale producers Pioneer Natural Resources, Devon pitch plans for variable dividend

Aug 05 2020

HOUSTON Pioneer Natural Resources and Devon Energy Corp plan a variable dividend, executives at the U.S. shale producers said on Wednesday as companies in the battered sector seek ways to reward shareholders after years of poor returns.

Chevron posts $8.3 billion loss on writedowns, job cuts

Jul 31 2020

HOUSTON Chevron Corp on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of dollars in assets due to plunging demand for fuel. | Video

Exxon posts second straight quarterly loss on demand, price plunge

Jul 31 2020

HOUSTON Exxon Mobil Corp on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19 pandemic, and confirmed plans to make deeper spending cuts. | Video

Exxon prepares spending, job cuts in last ditch move to save dividend

Jul 30 2020

HOUSTON Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming.

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

Jul 30 2020

HOUSTON, July 30 Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming.

U.S. shale producers, slammed by oil price crash, seen posting worst quarter since 2016

Jul 28 2020

HOUSTON U.S. shale oil producers, whose weak returns in recent years had them out of favor with investors even before the coronavirus pandemic crushed oil prices and decimated production, are expected to post their worst second-quarter results since 2016.

Bounceback in U.S. shale oil output is unlikely to last the summer

Jul 23 2020

HOUSTON/NEW YORK A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least a third of the 2 million barrels per day (bpd) curtailed since April.

Bounceback in U.S. shale oil output is unlikely to last the summer

Jul 23 2020

HOUSTON/NEW YORK A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least a third of the 2 million barrels per day (bpd) curtailed since April.

INSIGHT-Bounceback in U.S. shale oil output is unlikely to last the summer

Jul 23 2020

HOUSTON/NEW YORK, July 23 A reopening of some major economies locked down due to the coronavirus has lifted global oil prices and encouraged U.S. shale producers to return at least a third of the 2 million barrels per day (bpd) curtailed since April.

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

Jul 20 2020

HOUSTON Chevron Corp said on Monday it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock, the first big energy deal since the coronavirus crisis crushed global fuel demand and sent crude prices to historic lows.

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