News
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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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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