Posted on · Texas-based ConocoPhillips bought Shell’s Permian Basin assets for $9.5 billion, its second major purchase in the oil-rich area over the last year.
Posted on · Overall in 2020, ExxonMobil recorded more than $21 billions in losses. ConocoPhillips reported $2.7 billion in losses for the year, and BP (which has its US headquarters in Houston) recorded a full-year loss of $5.7 billion.
Posted on · Houston-based ConocoPhillips along with the world’s other seven major oil companies might also cease oil and gas operations in more than 200 countries, according to a Rystad Energy report.
Posted on · Energy professionals meeting here in Houston insist that today's low oil prices are part of a cycle. An increase in prices is inevitable.
Posted on · Officials of the Houston-based company expect crude oil prices will remain weak into 2017.
Posted on · Rising foreign sales of U.S. crude may hurt Houston exports of gasoline and other fuel products.
Posted on · The Houston company says it lost more than $1 billion in the third quarter of 2015, due to low crude oil prices.