Sunday, December 1, 2024
Oil falls to nearly $24, its lowest price since 2002- oil and gas 360

Oil falls to nearly $24, its lowest price since 2002

Houston Chronicle The price of oil collapsed Wednesday to about $24 a barrel, past the trough of the most recent oil bust and to its lowest level in nearly two decades. West Texas Intermediate crude was trading at $24.43 a barrel early Wednesday morning, off more than 10 percent from Tuesday and the lowest since the price hit $24.29 a barrel

ConocoPhillips - oil and gas 360

ConocoPhillips to reduce capex, output and share repurchase program

Reuters ConocoPhillips, the largest U.S. independent oil producer, on Wednesday pared its proposed spending, production and share buybacks for the year, seeking to prevent an oil-price rout from turning into pool of red ink. Conoco cut its 2020 budget by $700 million, or 10%, and said that would hit production by 20,000 barrels of oil equivalent per day (boepd) from

ComEd and Exelon Donate to Local Nonprofits for COVID-19 Response and Relief

To support communities affected by the spread of the coronavirus, ComEd will contribute $250,000 to United Way of Metro Chicago and the Chicago Community Trust’s COVID-19 Response Fund to support their efforts to provide essential services during the COVID-19 (coronavirus) pandemic. This is part of a more than $1.15 million donation by Exelon Corporation and its family of companies nationwide to relief organizations