US Oil, Gas Rig Count Falls for First Time in Six Weeks
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks as oil prices fell to their lowest this year.
The Total U.S. oil and gas rig count, an early indicator of future output, fell by four to 780 in the week of Dec. 9, according to energy services firm Baker Hughes Co.
U.S. oil rigs fell two to 625 this week, while gas rigsdeclined by two to 153, their lowest since July.
ExxonMobil and Chevron say they plan to increase spending on energy projects in 2023, with Exxon planning...
ExxonMobil and Chevron say they plan to increase spending on energy projects in 2023, with Exxon planning to increase spending from $22 billion this year to $23 billion to $25 billion next year. Chevron plans to increase spending from $15 billion to $17 billion.
Several things at the federal level could negatively impact the oil and gas industry, including the Inflation...
Several things at the federal level could negatively impact the oil and gas industry, including the Inflation Reduction Act and the possibility of a limit on energy exports, said Frank Macchiarola, senior vice president, policy, economics and regulatory affairs at the American Petroleum Institute. "We have abundant supplies of oil and natural gas and it's up to the government to develop support programs and then get out of the way of the industry and let it provide affordable energy and help it create jobs," Macchiarola said.
Top executives are fleeing Salesforce en masse. The tech giant's stumbling through a succession crisis,...
Top executives are fleeing Salesforce en masse. The tech giant's stumbling through a succession crisis, and company insiders say it stems from Marc Benioff's response to economic challenges. Get the full scoop.
Dow ends down 300 points Friday, suffers worst week since September
U.S. stocks finished Friday’s choppy session with modest losses, capping off the worst week for stocks...
U.S. stocks finished Friday’s choppy session with modest losses, capping off the worst week for stocks since September after a report on wholesale-price inflation challenged assumptions about slowing inflation in the U.S. The Dow Jones Industrial Average dropped 2.8% this week, its biggest pullback since at least the week ended Sept. 30, according to FactSet data. The blue-chip index finished Friday’s session DJIA, -0.90% down 305.02 points, or 0.9%, at 33,476.46. The S&P 500 SPX, -0.73% shed 29.13 points, or 0.7%, to 3,934.38, capping off a weekly drop of 3.4%, its biggest pullback since September. The Nasdaq Composite COMP, -0.70% fell 77.39 points, or 0.7%, to 11,004.62.
