Apache Corp., the third-worst performer this year among peer oil and natural gas producers, said target compensation for its chief executive officer was cut by 18 percent compared with reported 2012 compensation.
Pioneer Natural Resources Co., the second-biggest oil producer in the Permian Basin of Texas, rose the most in more than two years after first-quarter profit beat forecasts and the company accelerated drilling plans in what it estimates may be the biggest crude find in U.S. history.
Newfield Exploration Co., the U.S. oil producer exploring the sale of offshore assets, rose the most in almost four years after exceeding analysts’ profit estimates and saying it expects to meet a 2013 output target.
Occidental Petroleum Corp., the largest oil producer in the continental U.S., said Chairman Ray Irani played no role in the decision to find a replacement for Chief Executive Officer Stephen Chazen less than two years after he took over.
EOG Resources Inc., the U.S. crude oil producer that’s rallied more than any peer in the past six months, offers the biggest energy companies the chance to expand in one of the world’s fastest-growing markets.