Post Tagged with: "capital spending"

Source: Houston Chronicle

Marathon Oil cuts capital spending by 20 percent after crude prices collapse

Houston Chronicle


Houston exploration and production company Marathon Oil on Tuesday said it is cutting its 2020 drilling budget by 20 percent, a day after oil prices collapsed to almost $30 per barrel.

In reducing planned capital spending to $1.9 …

Source: Houston Chronicle

ConocoPhillips sets capital spending at less than $7B a year through 2029

Houston Chronicle


ConocoPhillips said Tuesday it aims to keep its capital spending at an average of less than $7 billion per year through 2029, including selling a 25 percent stake in its large Alaska business in order to keep costs …

Source: Occidental Petroleum

Occidental Closes on Anadarko

By Tyler Losier, Energy Reporter, Oil & Gas 360

Occidental Petroleum completes its $55 billion takeover of Anadarko Petroleum
Occidental Petroleum Corporation (stock ticker: OXY), led by President and CEO Vicki Hollub, has completed its acquisition of Anadarko Petroleum Corporation