Thursday, August 27, 2026
Chevron

Chevron: Commodity Slide Delivers Q4’15 Loss

CVX Expects Spending to Wind Down through 2018 The oil and gas industry is not expecting Q4’15 earnings season to be pretty, but not many expected Chevron (ticker: CVX, chevron.com), one of the world’s largest integrated oil companies, to post a loss of $558 million. Typically, integrated companies are somewhat shielded from commodity downturns, as the profits increase in the

Oil Rig Count Falls Below 500

Rig count sheds 3% of total The U.S. rig count continued its trend downward in the week ended January 29, according to information from Baker Hughes (ticker: BHI, BakerHughes.com). The U.S. total rig count landed at 619, down 18 from last week, and 45 from the first Baker Hughes report of the year. Both oil and gas focused rigs saw

Gastar Exploration Inc. Announces the Retirement of its SVP and COO

Gastar Exploration Inc. (NYSE MKT: GST) (“Gastar” or the “Company”) announced today the retirement of its Senior Vice President and Chief Operating Officer, Michael McCown, effective February 1, 2016. Mr. McCown began his tenure with Gastar in December 2009 as a consultant and was hired as the Vice President – Northeast in July 2010.  On June 7, 2013, Mr. McCown

Alberta Royalty Review: 5% Flat Fee till Industry Average Upfront Costs Are Recovered

Reaction poured in Friday after Alberta Premier Rachel Notley announced the rates for oilsands projects will remain the same in an announcement that came after a five-month royalty review. Rules around how costs are accounted for will be changed: companies will pay a flat five per cent royalty on wells until the industry average on upfront costs are recovered, then