Philip Weiss News
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Occidental Petroleum Corp., the oil and natural gas producer on the brink of a shareholder vote that may eject longtime Chairman Ray Irani, said fourth-quarter profit fell as declining overseas production pared sales.
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U.S. drillers that set up rigs amid the rolling farmland of eastern Ohio on projections underground shale held $500 billion of oil are packing up.
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Harvard University named two members to its board, including Paul, Weiss, Rifkind, Wharton & Garrison LLP’s Theodore V. Wells Jr., as part of the expansion begun in 2010 under President Drew Faust.
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ConocoPhillips , the third-largest U.S. oil company, shook up its management team and hired two new senior executives as it announced that four of its top officers, including the president and finance chief, are retiring.
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The more Apache Corp. tries to grow, the more it shrinks.
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Noble Corp., the world’s second- largest offshore oil driller based on fleet size, agreed to buy FDR Holdings Ltd. from a private equity fund managed by the Carlyle Group and Riverstone Holdings LLC, valuing the drilling company at $2.16 billion.
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Chesapeake Energy Corp.’s departing chief executive officer will leave to his successor a shrunken, cash-starved version of what was once the preeminent natural gas producer in the world’s biggest market for the fuel.
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The U.S. panel investigating the BP Plc oil spill found no evidence decisions were made to put profit ahead of safety on the drilling rig, its co-chairman said.
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Billionaire investor Carl Icahn called on Transocean Ltd. to issue a $4-a-share dividend and said he will propose the dividend at the next meeting if the board doesn’t act.
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Hess Corp. , the New York City-based oil company, reported a wider loss in its refining business after maintenance left its Port Reading, New Jersey, plant down for 41 days.
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