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Pemex, CFE Record $10.3B 2Q2018 Loss

Pemex, CFE Record $10.3B 2Q2018 Loss

Mexico’s two leading state energy companies, which are no longer monopolies but which continue to dominate their sector, recorded losses totaling $10.3 billion in the second quarter.

August 3, 2018
Big Losses and Bigger Controversies Dogging Pemex, CFE

Big Losses and Bigger Controversies Dogging Pemex, CFE

Mexico’s two leading state energy companies, which are no longer monopolies but which continue to dominate their sector, recorded losses totaling $10.3 billion in the second quarter.

August 1, 2018

Extraction Oil Expecting 17% Production Surge in 2017 Driven by Wattenberg

With both a successful initial public offering (IPO) and a favorable regulatory decision in its rearview mirror, Denver-based Extraction Oil & Gas LLC said Tuesday it expects average production this year to grow by about 17% at the midpoint compared with 2016.

March 15, 2017

EOG Focusing on ‘High-Return’ Oil Assets, to Grow Volumes 18% This Year

Houston-based EOG Resources Inc. plans to grow overall company crude oil volumes by 18% this year while keeping spending and dividends within cash flow at a $50/bbl average oil price, the company said.

February 28, 2017

Can’t Pay For ‘Texas Miracle’ With Cheap Oil, Gas

Summer’s sweltering temperatures are on their way to the Lone Star State, but the “Texas Miracle” — until recently driven mainly by the state’s oil/natural gas industry — is on ice, the Austin-based Texas Taxpayers and Research Association (TTARA) said in a new report.

March 30, 2016

Rex Energy’s Oil and NatGas Output Declines in 4Q; No Update on Financial Initiatives

Rex Energy Corp. detailed a difficult fourth quarter late Tuesday in its year-end financial results, offering little information about financial initiatives to generate more liquidity and postponing the usual conference call.

March 16, 2016
ConocoPhillips’ Rare Dividend Cut Confirms Commodity Prices Bad, Could Linger

ConocoPhillips’ Rare Dividend Cut Confirms Commodity Prices Bad, Could Linger

In a sign of just how grim the commodity price environment has become — and how long it’s expected to last — ConocoPhillips cut its quarterly dividend for the first time in at least 25 years on Thursday, while also dropping 10 rigs and slashing capital expenditures (capex) for 2016 as it looks to maintain its balance sheet without racking up additional debt.

February 4, 2016
Chevron Reports First Quarterly Loss Since 2002; U.S. Unit Loses $1.95B

Chevron Reports First Quarterly Loss Since 2002; U.S. Unit Loses $1.95B

Chevron Corp. surprised Wall Street on Friday with a quarterly loss, its first in 13 years, after the upstream arm was crushed by falling commodity prices.

January 29, 2016

Gas Projects Key to Absorbing Nuke Plant Loss, Sempra CEO Says

Upcoming successes, particularly with major natural gas infrastructure projects, should help San Diego-based Sempra Energy offset a one-time 2Q2013 charge and annual revenue losses due to its minority share in a closed nuclear power plant in Southern California, CEO Debra Reed said Tuesday during a second quarter conference call with financial analysts in which she reported increased profits for the quarter and first half of 2013.

August 9, 2013

Physical Prices Dive; Futures Hold Above $4

Spots cash prices played catch-up with the screen in Friday’s trading. The average overall loss was 34 cents, and all actively traded points endured declines in the 30-cent area. Traders see the highs for the year in place and see mounting fundamental pressure on prices in the spring and summer. At the close of futures trading, June had risen 1.6 cents to $4.041 and July also had gained 1.6 cents to $4.093. June crude oil, aided by a supportive employment report, gained $1.62 to $95.61/bbl.

May 6, 2013
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