Oil field services giant Schlumberger Ltd. (NYSE: SLB), which has a primary office in Houston, reported revenue of nearly $5.26 billion in the third quarter. That’s down 38% from $8.54 billion in revenue in the same period a year earlier but down just 2% from the company’s Q2 revenue of nearly $5.36 billion, according to […]
Political action committees organized by Houston’s 10 largest energy employers have donated more than $2 million to candidates for federal office since the start of 2019. That’s about 66% more than the comparable figure donated by employees at those companies. Corporate PACs run by the energy companies with the 10 largest local headcounts contributed $2.48 […]
LyondellBasell Industries NV (NYSE: LYB) is teaming up with Sasol Ltd. (NYSE: SSL) on a joint venture that will own and operate ethane and polyethylene facilities along the Louisiana coast. The Netherlands-based LyondellBasell, which has its operational headquarters and executive team in Houston, will pay South Africa-based Sasol $2 billion for a 50% stake in […]