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Exxon Mobil Posts Loss, $3 Billion Writedown on Oil Price Plunge
2020-05-01 15:15:28| OGI
Exxon Mobil Corp. on May 1 joined a parade of oil companies posting downbeat results on plunging oil demand and collapsing prices, reporting a $610 million first-quarter loss after a nearly $3 billion inventory writedown.
Occidental Petroleum Posts Loss After Taking Over $1.7 Billion Impairment, Charges
2020-02-28 16:00:00| OGI
Occidental Petroleum has been aggressively cutting costs by laying off staff and selling assets to pay down its $38.54 billion debt pile following its acquisition of Anadarko Petroleum.
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Hess Posts Bigger-than-expected Quarterly Loss
2020-01-29 14:45:22| OGI
Hess Corp. reported a bigger-than-expected quarterly loss, as lower prices for its natural gas and NGL more than offset higher production at its Bakken shale assets in North Dakota.
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Whiting Petroleum Posts Loss On Lower Crude, Natural Gas Prices
2019-11-05 22:23:09| OGI
The company reported a net loss of $19.1 million, or 21 cents per share, in the third quarter ended Sept. 30, compared with a profit of $121.4 million, or $1.32 per share, a year earlier.
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U.S. Silica Posts Bigger-Than-Expected Loss On Weak Demand, Lower Prices
2019-10-29 14:47:35| OGI
The company sold 3.9 million tons from its oil & gas segment in the third quarter, down 1% from the prior quarter. For the fourth quarter, it expects the slowdown in well completions in North America to hit volumes by 10% sequentially.
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