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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.

Tags: price posts loss oil

 

Oil and Gas Investor At Closing: Seize the Day

2020-05-01 15:00:00| OGI

Lower for longer oil prices eventually will lead to stronger for longerbut only for the survivors.

Tags: the day gas oil

 
 

A&D Trends: Oil Soaked

2020-05-01 14:00:00| OGI

Welcome to Thunderdome, raggedy man. Turns out the oilpocalypse isnt a brutal fight to fuel up Mad Maxs V8 Interceptor. In this twisted reality, theres plenty of crude. Just no toilet paper.

Tags: oil trends soaked

 

EIA: US Oil Output Rises Despite Drop in Texas Production

2020-05-01 11:10:00| OGI

In Texas, the biggest oil-producing state, crude output dropped by about 5,000 bbl/d to 5.4 million bbl/d from a monthly record high of 5.41 million bbl/d in January.

Tags: production texas oil drop

 

Social Distancing Offshore: COVID-19 Highlights Pandemic Risk for Oil Platforms

2020-05-01 00:00:00| OGI

Offshore oil and gas workers now have to contend with social distancing and personal protection in confined facilities that were never designed for pandemics. 

Tags: social risk oil highlights

 

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