The Annual Offshore Oil & Gas Event
logo

The 25thBeijing International Offshore Oil & Gas Exhibition

ufi

BEIJING,CHINA

March 26-28,2025

LOCATION :Home> News > Industry News

Occidental CEO wants to keep rigs running even after oil's slump

Pubdate:2018-12-17 09:34 Source:liyanping Click:

WASHINGTON (Bloomberg) -- Occidental Petroleum Corp. will look for ways to cut costs other than dropping rigs, in response to the recent slump in oil prices, according to CEO Vicki Hollub.


“We’re going to keep our rigs running and we’re going to figure out how to reduce costs in some other way that’s not impacting people who are depending on that job for their sustenance,” especially in the run-up to Christmas, Hollub told the Bipartisan Policy Center in Washington on Friday.


Other U.S. shale explorers have dialed back drilling as oilfield costs rise. Working oil rigs fell by 4 this week to 873, dropping for the third time in four weeks, according to oilfield-services provider Baker Hughes.


Occidental has so far avoided being pressured by short-term investors, Hollub said. Oil prices have retreated into a bear market after reaching a four-year high in October. While the company’s stock price remains vulnerable to changes in oil prices, the CEO said that three of its top four shareholders increased their positions in the third quarter.


“What that tells us is that we’re doing the right thing,” she said. “We are going to invest in our business.”


The rapid growth of American shale production has complicated efforts by OPEC and its allies to trim supply and support prices. Hollub said she expects U.S. energy exports to keep growing.


Government data earlier this month showed the U.S. becoming, briefly, a net exporter of oil for the first time in seven decades. Gas shipments are also set to rocket as soon as extra capacity for liquefied natural gas exports is built.


“For the next at least 3 to 5 years, I believe we’re going to be in export mode on oil and I believe even longer than that in export mode on gas,” Hollub said.


站长统计
主站蜘蛛池模板: 日本亲与子乱ay中文| 国产**一级毛片视频直播| 日本最新免费二区| 绿茶可约可空降直播软件| 一区二区三区四区精品| 亚洲黑人嫩小videos| 国产精品久久久久久久小唯西川 | 麻豆久久婷婷综合五月国产 | 高清欧美性暴力猛交| 中文字幕人妻偷伦在线视频| 人人澡人人澡人人看| 国产白嫩美女在线观看| 把极品白丝班长啪到腿软| 波多野结衣被绝伦在线观看| 欧美在线暴力性xxxx| 久久久久九九精品影院| 国产va精品免费观看| 欧美日韩视频精品一区二区 | 四虎国产精品永久在线看| 好吊妞视频这里有精品| 欧美色图第三页| 高清中文字幕免费观在线| ssni-436| 久草视频这里只有精品| 再深点灬舒服灬太大女女| 国产精选午睡沙发系列999| 日本高清com| 熟妇人妻无码XXX视频| 黄大色黄美女精品大毛片| 一区二区三区在线观看视频| 亚洲五月六月丁香激情| 午夜一级免费视频| 国产特黄特色一级特色大片| 性猛交╳xxx乱大交| 欧美黑人两根巨大挤入| 翁虹三级在线伦理电影| 最新69堂国产成人精品视频| 久久99精品久久久久久水蜜桃| 亚洲精品国产啊女成拍色拍| 国产一区视频在线| 国产香蕉在线精彩视频|