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Chevron Posts $8.3 Billion Q2 Loss on Writedowns, Job Cuts
2020-07-31 14:40:29| OGI
Chevron wrote down its oil and gas production properties by $5.6 billion, including its entire investment in crisis-ravaged Venezuela.
Apache Posts Smaller-than-expected Loss as Cost-cuts Pay Off
2020-07-30 11:00:00| OGI
Apache said it had now returned its curtailed volumes in the North Sea and Alpine High to production, along with a portion of shut in oil volumes elsewhere in the Permian Basin.
Hess Posts Smaller-Than-Expected Loss on Higher Output, Lower Costs
2020-07-29 15:53:53| OGI
U.S. oil and gas producer Hess Corp. reported a smaller-than-expected quarterly loss on July 29, as higher output and lower costs helped offset a plunge in oil prices due to the coronavirus crisis, sending its shares 3% higher.
Schlumberger Posts Quarterly Loss as Oil Rout Triggers $3.7 Billion Charge
2020-07-24 15:11:05| OGI
Oilfield services giant Schlumberger NV on July 24 reported its second straight quarterly loss after recording a $3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.
Kinder Morgan Posts Quarterly Loss on $1 Billion Impairment Charge
2020-07-23 11:00:00| OGI
Kinder Morgan expects to start its Permian Highway Pipeline in Texas in early 2021 and the final three Elba Island LNG liquefaction plants this summer.
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