(Jason Alden/Bloomberg)

Texas grid operator asks consumers to limit electricity use after record-breaking demand on Wednesday

Parts of the country, including Texas, were sweltering under a heat wave on Wednesday, with about 35 million people subject to heat advisories.
(AP Photo/Paul Sakuma)

Calpine reports 86 percent net income dip

Houston-based Calpine Corp. saw its net income plummet by 86 percent in the second quarter of the year, although the company reported an adjusted profit after accounting for power plant sales and more.
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

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)

Valero doubles profits while pumping gasoline at torrid pace

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

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 profits fall 85 percent as oil production rises

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

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.”
(Photographer: Daniel Acker/Bloomberg)

Williams to evaluate sale before merger vote

The Williams Cos. said Wednesday it wouldn’t hold a shareholder vote on its proposed $13.8 billion consolidation until after the company finishes evaluating a potential sale.
(AP Photo/Al Grillo)

Miller Energy hopes to avoid bankruptcy

Miller Energy, which recently relocated from Tennessee to Houston, has increasingly focused all of its areas on production in Alaska, specifically the Cook Inlet area, and faced problems ranging from delays to dud wells.
Poly-lines carry gas from an oil production well pumping unit at the Newfield Exploration Company's Monument Butte field in northern Utah. (Steve Campbell/Chronicle Staff)

Newfield appoints two veteran industry executives to its board

The appointments come as Newfield seeks to grow its domestic resource plays, the company said.
Categories: Exploration, Production