Post Tagged with: "budget tightening"

Source: Reuters

Hess, Concho, Callon join Exxon in tightening budget amid oil crash


U.S. producers Hess Corp, Concho Resources Inc and Callon Petroleum Co on Tuesday followed oil major Exxon Mobil Corp in cutting their spending for the year, as oil prices continued to trade below $30 a barrel.

Oil producers are …