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(Spencer Platt/Getty Images)

Oil jumps up 6 percent

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The rebound follows the lowest close since February 2009 on Monday after a slump in Chinese stocks sent ripples through global financial markets. Crude is still down 15 percent this year on concern a supply glut will persist.
(SAMAD/AFP/Getty Images)

Oil jumps back above $40 per barrel in largest gain since 2009

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U.S. benchmark crude settled up $3.96 at $42.56 a barrel on the New York Mercantile Exchange. The 10.3 percent gain was the largest for U.S. oil since prices were rebounding from financial crisis of 2009.
(David Paul Morris/Bloomberg)

Chevron starts layoffs at Louisiana office

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Chevron spokesman Chris Merrifield said in an email to NOLA.com/The Times-Picayune the company has started to reduce the workforce at its Covington office, but he was “not in a position to provide detail” on the severity of the cuts.
(Spencer Platt/Getty Images)

Oil and gas listings on job websites fell by half after industry cutbacks

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Job openings at companies like Exxon Mobil, Chevron and BP represent only a fraction of the total number of listings on Indeed.com, a leading website for job seekers across the globe. But in aftermath of a global crude slump, those postings now make up an even smaller percentage of the total listings than they did before.
(David Paul Morris/Bloomberg)

Chevron gives notice to workers as it prepares to cut 950 jobs

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The job cuts are part of a broader plan by the San Ramon, California-based energy giant to eliminate about 1,500 jobs worldwide as the Chevron braces for a prolonged crude slump.
(Spencer Platt/Getty Images)

To please investors, Big Oil makes deepest cuts in a generation

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From Chevron Corp. to Royal Dutch Shell Plc, producers are firing thousands of workers and canceling investments to defend their dividends.
Workers at the Weatherford rod-pump manufacturing plant prepare to move parts into the plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Oil and gas equipment makers had a better June, but business is still down 40 percent

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Oil prices that had stabilized in May and June had oil field services firms hopeful that $60 crude would mean increased capital spending from producers.
Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
(David Paul Morris/Bloomberg)

Chevron to cut 950 jobs in Houston, 1,500 companywide

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Chevron currently counts about 8,000 Houston-area employees and fewer than 65,000 workers worldwide. Chevron had closer to 9,000 Houston workers two years ago.
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

New offshore safety rules would make drilling some wells too difficult, industry lobbyists tell White House

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More than a dozen oil companies and drilling contractors joined leading industry trade groups in pushing back against proposed federal mandates for offshore wells they say would make some impossible to drill. The proposed requirements were spurred by the Deepwater Horizon disaster.