CEO pay: biggest raises and biggest cuts of 2014 1. Richard Hayne, Urban Outfitters, $535,636, up 682 percent. 2. David Zaslav, Discovery Communications, $156.1 million, up 368 percent. 3. John Richels, Devon Energy, $14.9 million, up 301 percent.
Source: The Associated Press
| By: The Associated Press
Oklahoma set to overturn local drilling controls as backlash brews OKLAHOMA CITY/ WASHINGTON, May 20- Facing a backlash over the side effects of its oil and gas boom, Oklahoma is poised to overturn an 80- year-old statute that allows cities and towns to ban drilling operations within their borders. The move by Oklahoma's Republican-majority legislature follows a similar law signed on Monday by Texas Governor Greg Abbott in...
| By: Heide Brandes and Yeganeh Torbati
Here are 11 overachieving companies There are 11 companies in the S&P 500 where analysts have boosted their profit forecasts for the second quarter, USA Today reports.
Source: USA Today
| By: Matt Krantz
RPT-ANALYSIS-Some U.S. oil drillers see more output, but not by much They came from companies as large as Occidental Petroleum, which pumped nearly 200,000 bpd or over 2 percent of U.S. crude in the first quarter, and as small as Carrizo Oil& Gas Inc., which produced about a tenth as much. Bellwether shale firms including EOG Resources and Whiting Petroleum Corp maintained production forecasts from earlier this year, sticking to...
| By: Jonathan Leff
UPDATE 2-Permian basin sees first rig increase since oil rout -Baker Hughes Energy companies increased by one each the number of oil rigs in the Permian basin of West Texas and eastern New Mexico- the biggest and fastest growing U.S. shale oil field- and in the Barnett in Texas. That was the first increase in the Permian since December and the first in the Barnett since March, oil services company Baker Hughes Inc said on Friday.
Oil market 'not out of the woods yet' The price of oil has made minor gains over the past few weeks or so but analysts tell CNBC it's not yet time to celebrate.
| By: Kalyeena Makortoff