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Tag Archives: energy stock

Oil company CEOs likely to avoid big hit to compensation – for now

A motorist holds a fuel pump at a Gulf petrol station in London April 18, 2006.   REUTERS/Luke MacGregor

BOSTON- These are nervous times at the top of North America’s oil companies. Executives are trying to cope with the plunge in oil prices and are slashing costs as they watch earnings and revenue drop. Their own compensation, though, may not yet be on the chopping block. According to compensation consultants and some investors, the mostly generous packages executives were receiving ...

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Breaking: Halliburton to purchase Baker Hughes

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. Credit: Reuters/Richard Carson via NewsCred

Dow Jones reported today that Halliburton may buy Baker Hughes. The companies are two of the largest oil field service companies in the world. Prior to the announcement it has been stated that Baker Hughes is worth around $22 billion dollars. Halliburton has an estimated worth of $47 billion.  Both companies currently have declined to comment on the acquisition. If ...

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