Edition:
United Kingdom

Jennifer Hiller

Texas shale towns grapple with growth as oil-bust fears fade

21 Aug 2019

ODESSA, TEXAS In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

Anadarko shareholders go for the cash in $38 billion Occidental buyout

08 Aug 2019

HOUSTON Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion (£31.3 billion) to rival Occidental Petroleum Corp , ending a short-lived contest that pitted two of the most storied names in the oil industry against one another.

Exxon Mobil profit sinks, Chevron rises as both boost output

02 Aug 2019

HOUSTON Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp and Chevron Corp , the two reported on Friday.

Exxon Mobil profit sinks on weakness in chemicals, refining

02 Aug 2019

HOUSTON Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil production was offset by weaker refining and chemicals business.

Texas shale pioneers struggle to appease investors

30 Jul 2019

MIDLAND, Texas Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas.

Exxon Mobil's second-quarter results expected to sag, spotlighting need for asset sales

30 Jul 2019

HOUSTON Exxon Mobil Corp's plan to accelerate asset sales, a way of delivering needed cash to finance shareholder returns and major projects, is getting off to a slow start as oil companies pull back on big deals.

Chevron 'hopeful' of U.S. approval to continue operating in Venezuela

26 Jul 2019

HOUSTON/WASHINGTON Chevron Corp , the last U.S. oil company operating in Venezuela, said on Thursday it hopes to be able to remain in the Latin American nation as the Trump administration mulls whether to renew its license, expiring on Saturday, to do business there.

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