Thursday, February 6, 2025
ConocoPhillips - oil and gas 360

ConocoPhillips says Eagle Ford, for now, is chief focus in US unconventional arena

S&P Global Houston — ConocoPhillips sees the US’ Eagle Ford Shale as its current main domestic activity focus, at a time when most large US upstream players are tapped out in the South Texas play, a top company executive said Sept. 29. ConocoPhillips has more rigs placed in the Eagle Ford than in the much busier Permian Basin in West Texas

Marathon Petroleum posts adjusted loss after announcing Speedway sale- oil and gas 360

Top U.S. oil refiner, Marathon Petroleum, begins widespread job cuts -sources

  HOUSTON, Sept 29 (Reuters) – Marathon Petroleum Corp MPC.N, the largest U.S. oil refiner, on Tuesday began cutting employees at its U.S. operations as the COVID-19 pandemic further narrowed global demand for motor fuels, people familiar with plant operations said. U.S. refiners have posted large losses this year as fuel consumption tumbled amid lockdowns and work-from-home policies to combat the spread of