Falling Oil Prices Leads ConocoPhillips To Cut SpendingConocoPhillips said it plans to slash spending on projects by 25 percent next year as the energy company and its rivals deal with plunging oil prices.
Credibility Of UT Fracking Study & Review Panel QuestionedFirst, the scientific credibility of a recent University of Texas study on fracking was questioned. Now, there are concerns centered on the special panel convened to review the study's findings.
Oil Giant ConocoPhillips To Split Into 2 CompaniesHouston-based ConocoPhillips, the nation's third-largest oil company, said Thursday that it will split itself into two separate publicly traded companies and its CEO and Chairman Jim Mulva plans to retire.
Exxon Facing Questions About Natural Gas PushExxon Mobil rode higher oil prices to a $30 billion profit last year. But shareholders on Wednesday are likely to ask pointed questions about its push into natural gas.