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.”

(AP file photo/Reed Saxon)

Occidental earnings rise as CEO pursues breakup

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Occidental Petroleum Corp., the biggest oil producer in Texas, said fourth-quarter profit rose as Chief Executive Officer Stephen I. Chazen pursues a breakup after a shareholder revolt last year.
Categories: Finance/Earnings
An Enterprise fractionator at its Mont Belvieu complex. (Enterprise Products Partners photo)

Enterprise Products Partners reports record year

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Enterprise Products Partners distributed $2.74 per unit to its investors last year, the Houston pipeline company said in announcing fourth-quarter and full-year financial results.

A Tesoro Corp. refinery, including a gas flare that is part normal plant operations, is shown Friday, April 2, 2010, in Anacortes, Wash. (AP file photo/Ted S. Warren)

Investigators call for more refinery oversight after Tesoro blast

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Federal chemical safety investigators are recommending tougher state and federal oil refinery oversight after a 2010 explosion and fire at a Tesoro Corp. refinery in Anacortes that killed seven workers.
Categories: Accidents, Refining
A platform works on ConocoPhillips' Jasmine Field project in the North Sea. (ConocoPhillilps)

Asset sales boost Conoco’s quarterly profit as revenue drops

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ConocoPhillips’ fourth-quarter earnings rose 79 percent, largely due to asset sales in Algeria and the Caspian Sea, the company reported Thursday.
U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)

Shell puts 2014 Arctic drilling plans on ice after legal challenge

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Shell officials on Thursday said the oil company will not resume drilling in Arctic waters north of Alaska this summer, following a federal appeals court decision throwing its offshore leases there into jeopardy.
Categories: Arctic, featured
(Jeff Pachoud/AFP/Getty)

Falling gasoline prices hurt Big Oil’s plea for US crude exports

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The world crude market is having waning influence on U.S. gasoline, which instead is beginning to track lower-priced domestic oil.
Categories: Crude oil, Gasoline, Markets

Energy is the Key to Solving Income Inequality

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When exploring solutions to income inequality policy makers pay close attention to the costs. The cost of healthcare. The cost of food. The cost of child care. The cost of housing. What about the cost of energy? According to the Bureau of Labor Statistics, in 2012 the average U.S. family spent over $4,600 or about […]