OAO Lukoil's Leonid Fedun pauses during an interview at the company's headquarters in Moscow, Russia, on Wednesday, June 25, 2014. (Alexander Zemlianichenko Jr./Bloomberg)

Russia’s second largest oil company maintained its 1Q dividend, despite crashing crude prices

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The Moscow-based producer has cut spending for this year in response to the decline in oil, trimming expenditures on older Siberian wells and some international projects.
Patrick Pouyanné, CEO of French oil company Total, speaks at the IHS Energy CERAWeek in Houston. (Billy Smith II / Houston Chronicle)

Total’s profit fell 20 percent in first quarter, despite surging production

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CEO Patrick Pouyanne said Total is “demonstrating its resilience and profiting from its integrated model” in the face of a 50 percent drop in the average Brent crude oil price over the last year.
A Cabot Oil & Gas Corp. natural gas drilling rig operates in the Marcellus Shale in Pennsylvania. (Cabot Oil)

Cabot’s profits slip 62 percent amid lower oil prices

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The Houston-based company said it offset plunging prices by ramping up output in the first quarter.
(Eric Kayne/Houston Chronicle)

LyondellBasell profits climb 23 percent

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LyondellBasell saw first-quarter profits climb 23 percent as it continued to enjoy access to cheap natural gas despite falling crude prices that have dragged down the prices the company fetches for its refined products and chemicals.
(Eddie Seal/Bloomberg)

Weatherford sees bottom of ‘miserable’ North America results

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Weatherford will cut its 2015 capital budget to $850 million from $900 million, it said in the earnings report.
Roger Diwan, vice president of financial services for IHS, (right) leads a panel of financial industry professionals during IHS CERAWeek in April 2015.

CERAWeek: Investors gambling on oil making U.S. “center” of oil market

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Investors are pouring capital and corporate debt into oil companies because they’re more afraid of missing the upside of an oil-price recovery than making a bad investment – a risky gamble, a private equity fund manager said Tuesday.
Jim Burkhard, CERAWeek vice chariman. (CERAWeek On Demand)

CERAWeek: U.S. and Wall Street take over OPEC’s role as global swing producer

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Financial markets underpinning the U.S. shale boom have emerged as the world’s de facto regulator of global oil production, taking over from the Saudi Arabia-led cartel of crude exporting nations that abdicated its decades-old role in November, a top IHS researcher said Monday.
(AP photo/Brennan Linsley)

Encana said to explore sale of Haynesville gas properties

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Encana is unloading gas assets to better focus on drilling for oil and liquids such as condensate.
(Johnny Hanson/Houston Chronicle file photo)

Halliburton cuts 9,000 jobs as oil slump takes toll

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Oil field services firm Halliburton posted a first-quarter net loss of $643 million as drilling rigs continued to go silent in North American oil fields and producers asked for pricing concessions for services, it said Monday.
(AP file photo/Paul Sakuma)

GE Power sales boost profit past estimates amid oil slump

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Fallout from the global rout in oil markets showed up in GE’s sales, which trailed analysts’ estimates.