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Friday, November 27, 2020

CATHY BUSSEWITZ AP Business Writer

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Chaos and scrambling in the US oil patch as prices plummet

NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico,...

Exxon to cut activity in Permian Basin as oil prices plummet

NEW YORK (AP) — Exxon Mobil said Thursday it plans to reduce the number of oil rigs operating in an oil-rich region in the...

Oil prices fall as coronavirus spreads outside China

NEW YORK (AP) — With the viral outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even...

Former Uber CEO Kalanick severs ties with ride-hailing giant

NEW YORK (AP) — Former Uber CEO Travis Kalanick is resigning from the board of directors, severing ties with the ride-hailing company that he...

After deadly crashes of marquee aircraft, Boeing CEO is out

Boeing's CEO is stepping down with no end in sight for a crisis that has enveloped the manufacturer and its marquee aircraft, the Max...

Exxon Mobil profit falls 49% as oil and gas prices decline

NEW YORK (AP) — Exxon Mobil's profits fell dramatically in the third quarter as the company was hurt by lower prices for crude oil...

Fighting suit, Exxon says it is accounting for climate rules

NEW YORK (AP) — Exxon Mobil says it has prepared itself for the impact climate change regulations will have on its finances, denying allegations...

GE freezes pensions for 20K, trimming up to $6B in debt

NEW YORK (AP) — General Electric is freezing the pension plans of about 20,000 of its workers and offering pension buyouts to 100,000 former...

Exxon profits slide with natural gas prices weak

NEW YORK (AP) — Exxon Mobil brought in $69 billion in revenue in the second quarter, down from last year's $73.5 billion.Some of the...

Uber offers more legroom, less conversation but it’ll cost you

NEW YORK (AP) — Uber is letting passengers tell their driver in advance that they'd like a little less conversation, and more legroom, if...

Today

Venezuela judge convicts 6 American oil execs, orders prison

By SCOTT SMITH ASSOCIATED PRESSCARACAS, Venezuela (AP) — Six American oil executives held for three years in Venezuela were found guilty of corruption charges...