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Cheap oil: Chevron slashes investment, share buybacks
2015-01-31 23:26:16| Oil & Gas - Topix.net
Chevron slashed $5 billion from its investment budget and shut down its share buyback program Friday as the crude price plunge continued to savage budgets of oil industry powerhouses. Chevron said it would spend $35 billion on exploration and production projects, 13 percent less than last year, in response to the nearly 60 percent fall of the oil price since the middle of 2014 due to a global glut.
Tags: share
investment
cheap
oil
Honda lowers forecasts, sees dip in quarterly profit after recall expenses counter cheap yen
2015-01-30 09:34:44| Automakers - Topix.net
In this July 29, 2014 file photo, a man rides a bicycle near cars displayed at a Honda showroom in Tokyo. Honda Motor Co., the Japanese automaker at the center of an air-bag defect scandal, lowered its annual earnings forecast after quarterly profit slipped 15 percent.
Tags: counter
cheap
profit
expenses
Cheap Oil Sours Big-Ticket Energy Projects
2015-01-30 08:39:28| Oil & Gas - Topix.net
As Chevron Corp. closes in on its long-elusive goal of pumping more oil, another target is slipping away: Boosting profits. Chevron's drive to increase its oil-and-gas production, the most ambitious among the world's giant energy companies, is beginning to show results, with two major deep-water projects in the Gulf of Mexico starting up late last year.
Tags: energy
projects
cheap
oil
Cheap Oil Sours Big-Ticket Energy Projects
2015-01-30 07:40:07| Energy - Topix.net
As Chevron Corp. closes in on its long-elusive goal of pumping more oil, another target is slipping away: Boosting profits. Chevron's drive to increase its oil-and-gas production, the most ambitious among the world's giant energy companies, is beginning to show results, with two major deep-water projects in the Gulf of Mexico starting up late last year.
Tags: energy
projects
cheap
oil
Nintendo's nine-month profit jumps on cheap yen
2015-01-28 10:02:31| Electronics - Topix.net
Nintendo reported a five-fold increase in profit for the first three quarters of the fiscal year and raised its earnings forecast, boosted by a cheap yen. Nintendo Co., the Japanese manufacturer of Pokemon and Super Mario video games, said Wednesday profit for the nine months ended December 2014, totaled 59.52 billion yen , up from 10.19 billion yen a year earlier.
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