(Photo by Joe Raedle/Getty Images)

Chevron pumps more West Texas oil as profits slide

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Chevron Corp.’s profits slid 90 percent in the second quarter as lower crude prices forced it to write down the value of oil-producing assets even as the company’s refineries benefited.
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

Pioneer Energy reports quarterly loss

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The San Antonio-based company attributed the decline to reduced drilling activity and pricing as a result of lower oil and gas prices.
Plant operators at the control room, pipes, towers and fractional facilities at Enterprise refinery in Mont Belvieu, Texas. (Thomas B. Shea/Houston Chronicle)

Enterprise Products Partners profit falls in second quarter

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The Houston-based pipeline and processing company said it saw earnings slip to $557 million compared to $647 million in the same period last year.
(David Paul Morris/Bloomberg)

As it doubles profits, Valero eyes more ways to grow

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Valero more than doubled its profits in the second quarter as it ran its refineries at full throttle to soak up cheap oil and crank out higher priced gasoline and other refined products.
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

ConocoPhillips swings to loss in second quarter

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Houston-based ConocoPhillips said Thursday it saw a net loss of $179 million or 15 cents per share in the second quarter.
(AP file photo/Reed Saxon)

Occidental saving money, pumping it back into Permian Basin

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Occidental Petroleum Corp.’s profits fell 85 percent in the second quarter as lower oil prices offset its surge in crude production from the Permian Basin in West Texas and elsewhere.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”
Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)

Anadarko CEO: Outlook still uncertain for shale comeback

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Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
(Jamie Schwaberow/Bloomberg)

Anadarko Petroleum posts 73 percent decline in net income

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Anadarko Petroleum Corp. posted a 73 percent decline in second-quarter net income Tuesday as it got lower prices for the extra oil and gas it was pumping from wells in Colorado and Texas.
View of the Abkatun A-Permanente platform on fire on the Gulf of Mexico's Campeche Sound on April 1, 2015. An explosion and a fire erupted on an offshore oil platform operated by Mexico's Pemex on Wednesday, killing at least four workers, injuring 16 and forcing 300 to be evacuated.    (AFP PHOTO/ STRSTR/AFP/Getty Images)

Pemex reports 11th straight loss

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Pemex’s earnings were crimped after U.S. benchmark oil prices fell an average 44 percent from 2014 and production slid following three offshore accidents in as many months.