(Daniel Acker/Bloomberg)

Nabors cuts nearly 3,500 jobs as U.S. drilling takes big hit

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Nabors’ active U.S. rig count has fallen 32 percent from its peak last year, according to the company’s CEO.
BP Plc Results News Conference

BP CEO’s pay package jumps 25 percent

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BP CEO Bob Dudley’s total take home jumped 25 percent last year, though his annual cash bonus was trimmed by more than half, according to regulatory filings released Tuesday.
Photographer: Simon Dawson/Bloomberg

Lukoil profit drops 39 percent after impairments, oil-price slump

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The results come after OAO Gazprom Neft posted a 31 percent decline in profit on Monday as oil prices plunged and a weaker ruble led to foreign-exchange losses, while OAO Novatek last week said earnings dropped 66 percent.
(Melissa Phillip/Houston Chronicle )

Houston’s richest man got richer despite crashing oil prices

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Forbes released its list of the richest people in the world Monday, and several of Houston’s billionaires saw their fortunes rise.
(Daniel Acker/Bloomberg)

Buffett praises Exxon Mobil even after selling oil firm

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Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the weekend.
A Petronas logo is seen near its twin towers in Kuala Lumpur, Malaysia.  (AP file photo/Lai Seng Sin)

Petronas turns to $2.7 billion fourth-quarter loss on oil slump

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Petronas won’t generate enough cash from operations this year to cover capital spending and dividend commitments, said Vikas Halan, a Singapore-based vice president at Moody’s Investors Service Inc., estimating the shortfall to be at least 10 billion ringgit.
NRG_Solar0619

NRG reports $119 million in fourth quarter profits

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The company, which both generates power and supplies it to retail customers, also saw its net income for 2014 rise to $134 million, up from a $386 million loss in 2013.
(AP Photo/Natacha Pisarenko)

YPF quarterly profit misses analysts’ estimates on higher costs

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President Cristina Fernandez de Kirchner’s government allows oil producers to remain profitable amid a slump in crude prices by setting fourth-quarter prices of $83.90 for Medanito light oil and $74 for Escalante heavy oil.
(Johnny Hanson /Houston Chronicle file photo)

CenterPoint officials say they aren’t worried about Houston’s economy

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CenterPoint Energy, the monopoly utility company serving Houston-area electric companies, reported a 55.8 percent increase in profits in the fourth quarter Thursday.
The headquarters of GDF Suez SA stand at La Defense in Paris. (Nigel Dickinson/Bloomberg)

GDF Suez to lower spending on oil crash as 2014 profit falls

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GDF Suez had lowered its 2014 profit forecast because two nuclear reactors in Belgium remained halted due to safety checks of cracks in their cores.