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.”

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.
peter huntsman

Huntsman Corp.’s profits fall 75 percent after plant outage

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An outage at a Texas plant and a stronger U.S. dollar caused Huntsman Corp.’s profits to tumble by 75 percent in the second quarter.
Categories: Chemicals

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.
(Scott Dalton/Bloomberg)

Group set to sue U.S. agency over pipeline safety plans

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Leaders of the conservation organization said it filed the required “intent to sue” notice through certified mail, giving officials 60 days to issue regulations or face a federal lawsuit.
Categories: Environment, Pipelines
Earthquake2-DaveSchumaker-flickr

2 injection wells shut down after Oklahoma quakes

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In all, more than 15 temblors of magnitude 2.0 or stronger were reported Monday by the Oklahoma Geological Survey. An additional nine quakes ranging from 2.2 to 4.1 were recorded through early Tuesday evening.
Categories: Environment
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.