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Crude oil

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.
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

Crude gains on inventory decline

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Crude oil shot up Wednesday, after a government report showed an unexpected decline in stores of oil last week.
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.
John Hess, chairman and CEO of Hess Corp. (F. Carter Smith/Bloomberg )

Hess Corp. posts $567 million loss

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Hess, which has a major Houston presence, saw its income fall from a gain of $931 million during the same time last year. Excluding one-time expenses, Hess posted adjusted net income of a $147 million loss, or a loss of 52 cents per share, down from a $432 million gain last year, or $1.38 a share.
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total SA avoids big earnings dip

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The Paris-based company said low oil prices were partially offset by a 12 percent increase in oil and gas production compared to last year, strong refining margins and the results of Total’s cost reduction program.
A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Struggling Swift Energy hires firm to weigh financial options

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Houston-based Swift, which closed at 74 cents a share Tuesday on the New York Stock Exchange, has hired Lazard Freres & Co. as an adviser as it considers its capital structure and financing alternatives.
(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.