Archives for 2019
Weatherford proposes reverse stock split to prevent delisting from New York Stock Exchange
Executives with Weatherford International are asking stockholders to vote for a reverse stock split plan that they believe will prevent the struggling oilfield service company from being delisted on New York Stock Exchange. Source: FuelFix
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Low chemical prices drag Huntsman's profits
Lower sales volumes and prices slashed profits for The Woodlands-based chemical maker Huntsman Corp. in the first quarter.The petrochemical manufacturer’s net income dove to $119 million down from $274 million in the same quarter last...
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ConocoPhillips doubles its Q1 profits from last year
ConocoPhillips said Tuesday it more than doubled its first-quarter profits from a year ago with more than $1.8 billion in net income. Source: FuelFix
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Oil companies dodge tax bills under Trump reforms, study says
Some of the biggest names in the oil industry managed to avoid paying any taxes last year under the new tax code President Donald Trump and Congressional Republicans passed in 2017. Despite earning billions of...
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Oxy gets $10B influx from Berkshire Hathaway for Anadarko bid
Houston’s Occidental Petroleum received a $10 billion commitment from one of the world’s richest men to help boost its bid to acquire The Woodlands-based Anadarko Petroleum. Source: FuelFix
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