Archives for April 2019
Rig count falls below 1,000 for first time in 12 months
Texas led a big dip in drilling activity as the nation’s active rig count fell below 1,000 rigs for the first time in more than a year. Source: FuelFix
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LyondellBasell's profits tumble again
Houston’s LyondellBasell took another hit to profits in the first quarter with net income falling 33 percent year-over-year despite improving sales volumes after a weak end of 2018. Source: FuelFix
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Chevron's profits fall by more than 25% as Anadarko bidding war looms
Chevron reported quarterly earnings Friday that fell more than 25 percent because of weak market pricing for oil, fuels and petrochemicals in the first three months of the year. Source: FuelFix
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Exxon Mobil profits plunge with lower oil price, increased spending
Exxon Mobil’s profits plunged nearly 50 percent in the first quarter as 2019 started with lower oil prices and the nation’s biggest energy company upped its spending in the booming Permian Basin. Source: FuelFix
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