Fuel Fix

Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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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.”

(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.
(Photographer: Daniel Acker/Bloomberg)

Williams to evaluate sale before merger vote

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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.
Categories: Crude oil, Pipelines
(AP Photo/Al Grillo)

Miller Energy hopes to avoid bankruptcy

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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.
Categories: Arctic, Bankruptcy, Crude oil
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

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The appointments come as Newfield seeks to grow its domestic resource plays, the company said.
Categories: Exploration, Production
A gas flare is seen in an aerial view in the early morning hours of July 30, 2013 near Watford City, North Dakota. (Photo by Andrew Burton/Getty Images)

Industrial natural gas use to continue to grow quickly, EIA says

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New plants coming online are set to drive industrial natural gas growth forward by more than three percent in the next two years, the U.S. Energy Information Administration said in an analysis Wednesday.
Categories: Natural gas