The oil and gas industry is still trying to recover from sharp declines this year as the Covid-19 pandemic cuts into demand for fuel and manufacturing. That has, in turn, slashed demand for oil and gas, which has had effects that reverberate up and down the value chain. Here are four data points to know […]
NRG Energy Inc. (NYSE: NRG) is expecting to draw at least $250 million from asset sales in the near term. That would be the net proceeds, after associated debt repayment, for divestments in the next six to 12 months, CEO Mauricio Gutierrez said during his company’s quarterly earnings conference call. “We have significantly rebalanced our […]
Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which employs thousands of people in the Houston area, has announced more details of its previously anticipated U.S. layoff plans. The energy giant expects about 1,900 U.S. employees “will be affected through voluntary and involuntary programs,” an Oct. 29 press release states. Exxon’s management offices in the Houston […]