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The layoffs cap a tough 18 months for the second-largest U.S. oil producer, which inked a $53 billion agreement to acquire New York-based oil firm Hess in October 2023 in order to gain an ...
HOUSTON (Reuters) -Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete ...
The most recent data shows U.S. oil production has reached 13.5 million barrels a day, up 55% from 2014. At the same time, the number of U.S. drilling rigs has plunged to 586 from more than 1,900 ...
Occidental Petroleum was founded in Los Angeles, CA in 1920. [5] In 1957, Armand Hammer became the company's president and CEO after acquiring a controlling stake. [6] The 1960s marked a period of expansion as Occidental established operations in Peru, Venezuela, Bolivia, Trinidad, and the United Kingdom.
BJ Services Company was a leading worldwide provider of pressure pumping and oilfield services for the petroleum industry.Pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells and in remedial work on existing wells, both onshore and offshore.
United Refining Company distributes its oil through its line of owned-and-operated convenience stores, totaling approximately 375 throughout upstate New York, Pennsylvania, and Northeast Ohio. The stores operate under the names Kwik Fill, Red Apple, or Country Fair. Many Kwik Fill locations, like the one in the photo above, are full-service ...
The layoffs have shaken both federal employees and the unions that represent them, prompting widespread condemnation and setting the stage for future legal battles. Many in the federal workforce ...
Getty Images After a decade-long boom in both oil production and job growth, the oil industry may be in for a major setback in 2015. Crude oil is trading below $50 a barrel, and drilling is ...