Archives for 2019
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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Oil ends week with a slump despite Russia pipeline outage
Oil fell, paring an eighth weekly advance, even as supplies stopped flowing through a major Russian pipeline to Europe. Source: FuelFix
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Silverlake homeowners testify on property loss from CenterPoint towers
A group of homeowners in Silverlake, an unincorporated community near Pearland, testified this week about how their property values have dropped since CenterPoint Energy erected giant steel utility towers and high-voltage lines along an easement...
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During a bidding war, Anadarko posts a $15 million loss
In the midst of a bidding war, Anadarko Petroleum reported a $15 million loss for the first quarter of the year, down from a $121 million profit during the same time frame last year. Source:...
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KBR to be reclassified as an IT consulting company by stock traders
Houston-based KBR will soon be reclassified as an IT consulting company by stock traders. Source: FuelFix
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