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Tag: spending cuts
Oil Major Chevron Makes Billions in Spending Cuts Despite Restructuring
2020-12-03 19:05:00| OGI
Chevron's 2021 Permian Basin spending of $2 billion is half of what it planned at the start of 2020 and lower than 2019 levels of $3.6 billion, says Biraj Borkhataria from RBC Capital Markets.
Tags: major
makes
oil
spending
Coronavirus: UK faces tax rises or spending cuts, OBR warns
2020-07-14 11:47:40| BBC News | Business | UK Edition
The Office for Budget Responsibility warns of more austerity as the economy is set to shrink 12.4% in 2020.
Hess Posts Quarterly Loss, Deepens Spending Cuts on Virus-fueled Oil Rout
2020-05-07 15:11:17| OGI
U.S. crude collapsed this year, and remains down about 60% from January despite a recent rally.
Pioneer Natural Resources Boosts Spending Cuts as Oil Slump Bites
2020-05-06 23:30:00| OGI
Permian Basin shale producer Pioneer Natural Resources now expects 2020 capex between $1.4 billion to $1.6 billion, down from its prior estimates of $1.7 billion and $1.9 billion.
Tags: resources
natural
oil
spending
Kinder Morgan Cuts 2020 Core Profit Outlook, Spending
2020-04-23 15:05:00| OGI
Kinder Morgan also took a non-cash impairment charge of $950 million in the first quarter related to certain oil and gas producing assets in its CO unit.
Tags: core
kinder
profit
morgan