It may be the happiest season of the year, but higher crude oil prices that have translated into higher gasoline prices have many motorists frowning. The weak U.S. dollar and expectations of a more robust economic recovery in t…
Lower U.S. petroleum inventory and higher demand pushed oil prices past the $90-a-barrel mark Wednesday. Gasoline prices remain near $3 per gallon as a result.
Continue reading Lower Inventory and Higher Demand…
Exxon Mobil Corp. (XOM) sold nine U.S. Gulf of Mexico oil and natural gas stakes to Energy XXI in a deal worth $1.01 billion.
The assets produce about 20,000 net barrels of oil a day, The Wall Street Journal said. They contain net proved and probable…
Chevron Corp. (CVX) reported earnings of $1.87 for the quarter, down from $1.92 a year earlier. The 2009 results were boosted by upstream asset sales and discrete tax items.
Sales and other operating revenues were $48 billion in the third quarter of…
Occidental Petroleum (OXY) has promoted Chief Operating Officer Stephen Chazen to the position of CEO, effective next May.
Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement.
“Steve is a proven leader who has been an integral member of the senior management team for many years, and I am confident that he will continue…
Continue reading Occidental Petroleum Names Stephen Chazen as CEO
Occidental Petroleum Names Stephen Chazen as CEO originally appeared on DailyFinance on Thu, 14 Oct 2010 09:03:00.
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