Category: Corporate governance

Profits from Occidental spinoff fall in third quarter

Occidental Petroleum Corp. said profit from the California oil producer it’s spinning off to shareholders next month fell in the third quarter as crude prices slid and production costs increased.  More »

Total acts swiftly to replace CEO killed in crash

Barely 36 hours after de Margerie’s death, Total’s board chose its new leader at a board meeting Wednesday.  More »

New Total CEO will contend with slump in production, oil

Pouyanne will have to see through a round of cost cuts as lower oil prices and weak returns from refining eat into profit at France’s largest company by sales.  More »

David Stover moves into top job at Noble Energy

David Stover has been named Noble Energy CEO, under succession plan announced in April.  More »

Investor says Swift Energy needs to cut debt

Swift Energy’s debt has ballooned to nearly $1.2 billion and has shareholders nervous.  More »

Apache to get third CFO in eight months

Alfonso Leon, the company’s chief financial officer and executive vice president, resigned Tuesday, the Houston-based exploration and production company announced.  More »

EOG, Anadarko reach deal with New York to disclose financial risks of fracking

The New York Attorney General Eric Schneiderman reached an agreement with Houston based energy producers EOG Resources and Anadarko that will require them to disclose the financial risks associated with hydraulic fracturing, his office announced Friday.  More »

Brazilian oil tycoon Batista charged with market manipulation

Eike Batista stepped down as chairman of MPX Energia, part of his conglomerate EBX group, in 2013 after its IPO was called off.  More »

Cheniere Energy shareholders say ‘nay’ on pay

In a non-binding vote, Cheniere Energy shareholders have rejected the company’s 2013 compensation for its top brass, including $142 million in salary and stock grants for CEO Charif Souki.  More »

Cobalt falls after SEC Angola case moves forward

The company said it’s cooperating with the SEC and believes its activities in Angola have complied with all laws.  More »

Energy execs’ salaries look like oil price: High, but stable

The growth in pay packages for top Houston public company executives stalled last year after a rising 10.9 percent the year before.  More »

Cheniere to ‘reassess’ bonus plan for its CEO

Cheniere, based in Houston, gave CEO Charif Souki a $142 million compensation package in 2013,  More »
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