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  • July 31- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Evan Calio, an analyst with Morgan Stanley, said on Exxon's earnings conference call that the oil giant appeared to be less vocal than its peers...

  • WASHINGTON, July 30- General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday. The prospective government partners include Canada, the United Kingdom, France, Germany, China and...

  • July 30- U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit as its refining margins rose due to a steep fall in crude oil prices. Valero said on Thursday that it was on track to start operations at two light crude processing units at the Corpus Christi and Houston refineries in the first quarter of 2016.. Net income from continuing...

  • July 30- ConocoPhillips, the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist. The Houston- based company said it would cut 2015 capital spending to $11 billion from $11.5 billion, and also lowered its forecast for...

  • Conoco has quarterly loss, lowers capex Thursday, 30 Jul 2015 | 7:21 AM ET

    July 30- ConocoPhillips, the largest U.S. independent oil and gas company, reported a quarterly loss compared with a year-ago profit on Thursday as steep declines in crude oil prices hurt results. The Houston- based company also said it was lowering its forecast for 2015 capital expenditures to $11 billion from $11.5 billion. Conoco's loss in the second quarter...

  • July 29- Whole Foods Market Inc on Wednesday said same-store sales growth cooled again in the third quarter, hurt by competition and an overcharging scandal in its New York City stores, and its shares tumbled 11 percent in after-hours trade. The rapid deceleration is troubling for investors, who have wondered how long Whole Foods could maintain its grip on the...

  • July 28- U.S. oil and gas company Anadarko Petroleum Corp on Tuesday reported a drop in profit, but results topped Wall Street expectations as the oil and natural gas company improved drilling practices and produced more crude than expected. The gains were driven by crude from shale fields in Colorado and Texas. The Houston company had a quarterly profit of $61...

  • *Cheniere looks at bringing floating LNG terminal to Croatia. BUDAPEST, July 28- Cheniere Energy Inc plans to deliver liquefied natural gas to central and southeastern Europe within a few years, a move that with U.S. supplies would loosen Russia's energy grip on the region, sources told Reuters. Speaking on condition of anonymity, they said Cheniere was looking at...

  • July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a higher-than-expected quarterly profit as cost cuts helped offset the impact of a fall in global drilling activity. Expenses fell more than 18 percent to $417 million in the second quarter ended June 30 from a year earlier, the company said. Net income attributable to the...

  • National Oilwell profit drops 53 pct on weak demand Tuesday, 28 Jul 2015 | 7:08 AM ET

    July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a 53 percent fall in quarterly profit as a steep decline in commodity prices weighed on demand and prices for its products. Net income attributable to the company fell to $289 million, or 74 cents per share, in the second quarter ended June 30, from $619 million, or $1.44 per...

  • Gasoline prices would rise by about 8 to 14 cents a gallon, if the ban were lifted, because the move would boost the price for domestic oil, according to the report by Stancil& Co.. But a full lifting of the ban faces an uphill battle as many lawmakers in Congress are wary about being blamed for a rise in gasoline prices, even if any boost is unrelated to oil exports.

  • July 24- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June last year. Houston- based Schlumberger also said in April that it plans to cut another 11,000 jobs, bringing the total job...

  • July 23- Phillips 66 said power had been restored following a brief, unscheduled outage that shut parts of its 247,000- barrel-per-day Alliance refinery in Belle Chase, Louisiana, on Thursday. There were no injuries due to the incident, which occurred at 4:50 p.m. Central time, the company said, adding that the cause of the outage is being investigated by the...

  • July 23- The Phillips 66 Alliance refinery in Belle Chase, Louisiana, was hit by a power outage on Thursday, according to the power provider Entergy Corp's website. Entergy expects power to the 247,000 barrel-per-day plant to be restored by 7 PM local time on Thursday. Phillips 66 was not immediately available for comment.

  • July 23- PulteGroup Inc, the third-largest U.S. homebuilder, reported a quarterly profit that more than doubled as costs nearly halved. The company said home sales fell across the United States, except the North, led by a 15 percent decline in Texas, its fourth biggest market in terms of revenue. The company's net income rose to $103.3 million, or 28 cents per share,...

  • *BP, Statoil kick off results on July 28. LONDON, July 23- The world's top oil companies are set to report yet another sharp drop in quarterly profits that could force more spending cuts due to a dim outlook for oil prices. International oil companies including Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total all reduced 2015 spending by 10 to 15 percent from last...

  • July 22- Citigroup said it would shut banking operations at Banamex USA and that the unit was fined $140 million by U.S. regulators over weaknesses in its anti-money laundering programs. Banamex USA, a unit of the Citi's Mexican bank, has about 300 employees in three branches in California and Texas. Citi said Banamex USA planned to close its Houston and San...

  • SEATTLE, July 22- Amazon.com Inc said on Wednesday it would expand a marketplace that offers home services from plumbing to fence repairs in 15 U.S. cities and help customers find contractors for more expensive home projects as it develops its role as a middle man for third-party vendors. The home services platform is an ambitious frontier for Amazon, pitting it...

  • CHICAGO/ SAN FRANCISCO, July 22- Macy's Inc is expanding same-day delivery to several new U.S. markets this summer, one of the most aggressive pushes by a brick-and-mortar retailer in an area dominated by e-commerce giant Amazon, according to a Macy's official. Currently, Macy's is offering the service in Houston, San Francisco, San Jose, Seattle, Washington D.C.,...

  • July 21- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said on Tuesday it will suspend dividend payments starting in the current quarter to save up to $240 million a year. ConocoPhillips last week raised its quarterly payout by a smaller-than-normal 1 cent, citing low oil prices. Shares of Chesapeake were down 4.7 percent at $9.79 on...