In an effort to show support for ongoing labor negotiations, about 150 employees of Lyondellbasell Refinery in Houston fanned out in front of the plant late Wednesday afternoon. (Photo: Thomas B. Shea/For the Chronicle)

Union rally planned for downtown Houston Tuesday

The march is timed to coincide with LyondellBasell’s 10 a.m. fourth-quarter earnings call to investors and stock analysts.

Exxon Mobil updates anti-discrimination employment policy

Spokesman Alan Jeffers said Friday that the Irving, Texas-based oil giant added these protections to comply with federal law.
(David Paul Morris/Bloomberg)

Chevron CEO: $50 oil will not meet world’s energy need

For the quarter, the news was bleak: Chevron reported falling profits, slashed its budget and hinted at layoffs on the way. Longer-term, Watson was more optimistic.
John Hess, chairman and CEO of Hess Corp. (F. Carter Smith/Bloomberg )

Hess misses earnings estimate on lower oil prices

Hess announced Monday it would cut its capital spending plan for the year 16 percent to $4.7 billion.
(Jason Alden/Bloomberg)

BP will freeze pay for most of its employees

The announcement came today in an internal message to employees, said BP spokesman Brett Clanton.
(Melissa Phillip/Houston Chronicle )

Richard Kinder to step down as CEO in June

The move had been telegraphed since December, but a time for the transition had not been set until the company announced its fourth-quarter 2014 earnings Wednesday.
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache CEO Farris retires

John Christmann, the company’s executive vice president and chief operating officer for North America, will succeed him.
Schlumberger CEO Paal Kibsgaard (credit: Schlumberger)

Schlumberger CEO sees new tech elevated amid falling prices

The oil-field service industry will face a tough year in 2015 as North American oil producers plan on cutting spending around 30 percent.
(Photographer: Brittany Sowacke/Bloomberg)

San Antonio-based driller cutting 20 percent of workforce

Last April at an Eagle Ford event, a company official said that Lewis had grown from 300 employees to around 1,300. By the fall, a news release from the Texas Workforce Commission said the company was at 1,200 employees just at its Encinal operations center.
Sanchez Energy's Prost A1H well in Fayette County, in the Eagle Ford Shale.

Sanchez cuts 2015 budget by at least 40 percent

Producers such as Continental Resources, Marathon Oil and Oasis Petroleum have all announced big spending reductions in response to oil prices that have fallen in half since their June peak.