Texas-Based Exxon Mobil Reports Loss Of $680 Million As Demand For Fuel Continue to FallAfter saying it expects to slash some 1,900 jobs, Irving-based Exxon Mobil announced a loss of $680 million in the third quarter.
Oil Refineries, Platforms & Rigs Along Texas Coast Shutdown Before Hurricane Laura HitRefineries along the coasts of Texas and Louisiana were either partially or full shutdown when Hurricane Laura hit Thursday morning.
Texas-Based Exxon Mobil Loses $1 Billion+, Dropped From Dow After Nearly 100 YearsIrving-based Exxon Mobil Corp. lost $1.1 billion in the second quarter, and the oil producer brought in $32.6 billion in revenue, less than half of what it brought in at the same time last year.
Texas-Based Exxon Mobile Lost $1B In Second Quarter As Oil Use Continues To FallIrving-based Exxon lost $1.1 billion in the second quarter, its economic pain deepening as the coronavirus pandemic kept households on lockdown.
During His Visit This Week President Trump Will Seek Out Loyal Donors In West Texas Fracking FieldsPresident Donald Trump's visit to a fracking hub on the West Texas plains comes during the state’s fierce coronavirus outbreak and a global oil and gas glut.
Oil & Gas Fracking Giant Chesapeake Energy Files For Bankruptcy ProtectionChesapeake Energy, a global energy powerhouse known in North Texas for its pioneer drilling in the Barnett Shale, has filed for bankruptcy protection.
Oil And Gas Prices Rising As Cabin Fever Increases And Social Distancing EasesAfter weeks of quarantine, Texans and and the rest of the country is finally getting back on the road to go to stores, beaches and parks, guzzling more gas along the way.
'It's Insane, It's Quick And It's Devastating': CBS Business Analyst On Coronavirus' Economic & Employment ImpactJill Schlesinger said it's difficult to know at this point if reopening businesses will alleviate unemployment.
With Demand For Oil Continuing To Fall, $1 Gasoline Could Soon Be On The WayWith most of the country on shutdown due to the coronavirus pandemic, oil consumption has plunged, taking oil prices along with it.
As Prices Plummet, The Oil And Gas Industry Scrambles To Keep Businesses AfloatThe global economic crisis caused by the coronavirus pandemic has devastated the oil industry in Texas and across the U.S., which pumps more crude than any other country.
Fewer Open Businesses, Flights & Drivers Could End With The World Running Out Of Space To Store OilWith an unprecedented collapse in oil demand, that has sent crude crashing to 18-year lows, the world could soon run out of room to store all the unneeded barrels of oil.
Halliburton To Furlough 3,500 Workers On Campus In TexasOilfield service company Halliburton has announced it will institute a mandatory furlough for some 3,500 employees in Texas.
Trading Temporarily Halted After Dow Jones Drops More Than 2,000 PointsThe Dow Jones fell so sharply -- plummeting 1,800 points at the open -- that circuit breakers tripped and trading on the New York Stock Exchange had to be halted.
Rick Perry’s Texas Supporters Got Huge Ukrainian Gas Deal After His UrgingTwo political supporters of U.S. Energy Secretary Rick Perry secured a potentially lucrative oil and gas deal from Ukraine soon after Perry proposed one of the men as an adviser.
Trump Says It Was Rick Perry Who Urged Him To Make Ukraine Phone CallPresident Donald Trump reportedly said it was Rick Perry who prompted the phone call to Ukrainian President Volodymyr Zelenskiy.