Tag: Shareholders
Chevron says to give CEO fewer stock options
Chevron says changes strengthen accountability for performance Jan 30 (Reuters) – Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay. Oil companies have been restructuring pay packages of their top management after a two-year-long slump in oil prices eroded profitability. […]
Q2 results: looking for signs of an oil and gas industry adapting – Wood Mackenzie
Industry’s smarter capital allocation, efforts to rework projects to reduce costs, starting to pay off HOUSTON – Wood Mackenzie’s recent analysis of corporation in the oil and gas sector shows the industry has a strong ‘survival’ reflex, measured by dramatically tighter cash flow management. “This is some achievement given the majority needed over US$90 a barrel in 2014,” […]
TransCanada now one of North America’s largest natural gas transmission businesses
TransCanada completes acquisition of Columbia Pipeline Group CALGARY, ALBERTA – TransCanada Corporation announced the completion of the transaction to acquire all of the outstanding shares of Columbia Pipeline Group, Inc. for a purchase price of approximately US$13 billion, including the assumption of approximately US$2.8 billion of debt. With the completion of the acquisition, TransCanada will […]
Williams Stockholders approve merger with ETE, launches appeal to merger ruling
If ETE terminates the merger, Williams says it will take appropriate actions to enforce its rights under the agreement and deliver benefits to their stockholders TULSA, Okla.- The Williams Companies stockholders voted to approve the previously announced merger agreement with Energy Transfer Equity, L.P. This comes on the heels of a Delaware Court ruling that would allow […]
Range Resources announces merger with Memorial Resource Development
Following the transaction, shareholders of MRD are expected to own approximately 31% of the outstanding shares of Range FORT WORTH, Texas – Range Resources Corporation and Memorial Resource Development Corp.(MRD) have announced a merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This […]
Chesapeake Energy loses $14.8 billion in 2015, cuts capex 57%
Chesapeake Energy’s 2015 daily production averaged 679,200 boe, year-over-year increase of 8% Chesapeake Energy shares are tumbling after the company announced it lost $14.8 billion in 2015 and plans to cut its capex by 57 per cent for the current year. For the 2015 full year, Chesapeake reported a net loss available to common stockholders […]
Houston-based Swift Energy files for bankruptcy, begins restructuring
Swift Energy had to take action in response to the significant reduction in oil and gas prices that the entire industry has been facing. Swift Energy Company has announced it is filing a Chapter 11 plan of reorganization and is converting debt to equity under a restructuring support agreement signed Monday. The company says it has reached […]
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