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2016-02-04 19:15:00

CUTTING JOBS & INVESTMENTS

CUTTING JOBS & INVESTMENTS

Oil companies are cutting investment, slashing jobs and selling off pipelines and other assets as crude prices plunge.

"It's going to be a very turbulent year for our industry," says BP CEO Bob Dudley.

The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. The results were even worse at BP, which posted a 91 percent decline in profit.

Those reports follow Chevron Corp.'s first money-losing quarter in more than 15 years and Royal Dutch Shell's…

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Tags: OIL, GAS, PRICES, JOBS, INVESTMENTS
Chronicle:
CUTTING JOBS INVESTMENTS
2021, January, 19, 13:34:00
Лидеры гидроэнергетики Узбекистана, Грузии, Турции, Казахстана, России соберутся в Ташкенте 17-18 февраля 2021
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2021, January, 19, 13:33:00
5TH ANNUAL INTERNATIONAL CONGRESS AND EXIBITION "HYDROPOWER CENTRAL ASIA AND CASPIAN 2021"
The 5th Annual International Congress and Exhibition: Hydropower Central Asia and Caspian 2021 is a professional venue for business and government representatives to exchange experience and consolidate efforts for successful development of investment projects on construction and reconstruction/modernisation of hydropower plants in the region.
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2021, January, 19, 13:30:00
SCOTLAND WIND POWER 10 GW
In October 2020, the Scottish government raised its target for offshore wind power capacity by 2030 from 8 GW to 11 GW.
CUTTING JOBS INVESTMENTS
2021, January, 18, 13:15:00
OIL PRICE: NEAR $55 AGAIN
Brent fell 20 cents, or 0.4%, to $54.90 a barrel. WTI fell 20 cents, or 0.4%, to $54.90 a barrel.
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2021, January, 18, 13:10:00
CHINA'S ECONOMY UP
China gross domestic product grew 2.3% in 2020
CUTTING JOBS INVESTMENTS
2021, January, 18, 13:05:00
CHINA INDEXES UP
The blue-chip CSI300 index rose 1.1% to close at 5,518.52, while the Shanghai Composite Index gained 0.8% to 3,596.22.
CUTTING JOBS INVESTMENTS
2021, January, 18, 13:00:00
CHINA OIL THROUGHPUT UP
On a metric tons basis, the December throughput went up 2.8% from November and 2.1% from a year ago to 60 million mt.
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