Leo Mariani News
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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.
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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.
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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.
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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.
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A World Bank arbitration panel ordered Ecuador to pay Occidental Petroleum Corp., the largest onshore crude producer in the continental U.S., $1.77 billion to settle a contract dispute.
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Newfield Exploration Co., the oil and natural gas producer that’s shifting its focus to U.S. operations, fell the most in three months after saying production may not grow this year.
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Apache Corp., the largest independent U.S. oil company by market value, reported a first- quarter profit of $705 million on new production from Australian projects and higher crude prices.
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McMoRan Exploration Co. has lost almost a third of its value in the last two days on investors’ concerns that its Davy Jones well in the Gulf of Mexico is a dud.
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“People call us pioneers. Well, that’s great, I guess, (though) some people say pioneers end up with arrows in their back.”
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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.
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