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Exxon Removed From Dow Jones
In a sign of the times, ExxonMobil has been replaced on the Dow Jones Industrial Average by tech company Salesforce.
Everybody Hurts: Oil Majors, Independents Drastically Cut Capex
The decline in oil prices that began in mid-2014 has wreaked havoc across all different types of companies in the industry, and there seems to be no respite in the short run. Companies are continuing to lay off staff, cut back on projects, and report eye-opening losses.
Key Questions Surrounding a Possible Saudi Aramco IPO
Saudi Arabia is mulling selling shares in Aramco, but the announcement of a possible IPO has prompted a number of questions, particularly the overall value of the company.