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Oil Price Drop Follows Fresh Fear For Sputtering Chinese Economy
2015-08-05 11:39:39| Oil & Gas - Topix.net
Oil prices tumbled to a four-month low to start the week, pressured by fresh evidence of a sputtering Chinese economy. China is the world's second largest oil consumer, so its purchasing power clearly matters for the energy industry, whose production, earnings, and share prices have been hobbled by the plunge in prices.
Exxon Mobil, Chevron feel squeeze of oil price drop
2015-08-02 05:55:39| Beverages - Topix.net
Big Oil squeezed: Shares of Exxon Mobil and Chevron, the two largest publicly traded energy companies, each fell 5 percent A Friday after both companies reported major declines in profits largely due to the big drop in the price of oil over the past year. Exxon shares closed Friday at $79.21; Chevron closed at $88.48.
Conoco results beat estimates, cuts capex amid low oil price
2015-07-30 16:03:24| Oil & Gas - Topix.net
ConocoPhillips , the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist. REUTERS: ConocoPhillips , the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist.
Conoco results beat estimates, cuts capex amid low oil price
2015-07-30 15:24:10| Energy - Topix.net
ConocoPhillips , the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist. REUTERS: ConocoPhillips , the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist.
UPDATE 1-U.S. oil drillers add rigs despite crude price collapse-Baker Hughes
2015-07-25 10:33:49| Oil & Gas - Topix.net
U.S. oil producers added 21 oil rigs in the past week, the most in over a year, data showed on Friday, suggesting that drillers were moving more aggressively than expected, just before crude prices' latest dive down. Oil producers, who cut rigs in the face of falling prices late last year, began to add rigs back in the week ending July 2, oil services company Baker Hughes Inc said in its closely followed report.
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