The shale oil startup cited "a historically challenging commodity price environment and a capital market that is highly constrained for energy companies."
Lance Loeffler, vice president of investor relations, was named the oilfield services company's new finance chief.
Christopher Faulkner agrees to disgorge the $23.8 million he allegedly misappropriated from investors to pay for a lifestyle of “decadence and debauchery.”
The SEC says David Laurance used misleading marketing materials to try to raise $5 million by selling "Tomahawkcoins."
“A strong global economy ... is helping manufacturers like Caterpillar book more orders and deliver higher profits despite growing cost pressures."
The energy giant posted another earnings miss as production fell 7% and it undertook an "enormous amount of planned maintenance."
The Trump administration says its proposal will reduce industry compliance burdens but environmentalists call it a "recipe for disaster."
Even if one in four passenger vehicles is electric by 2040, global oil demand would not drop “meaningfully” over the next 23 years.
The oil giant is following some of its competitors by selling units in a tax-advantaged master limited partnerhip to the public.
The $4.95 billion acquisition of Maersk Oil will make Total the second-largest producer in the North Sea.
Oil and natural gas production dropped by almost 1% in Q2, adding to the challenges facing new CEO Darren Woods.
The downturn in oil has caused half of the company's fleet of 66 offshore support vessels to be idled.
