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Stock Market & Financial Investment News

News Breaks
June 25, 2014
06:57 EDTPXDPioneer Natural now able to export oil, NY Times says
Pioneer Natural has received permission from the Commerce Department to export a light, processed form of oil called condensate, according to The New York Times, which cited unnamed sources. The department reclassified condensate as a processed product, giving Pioneer Natural the ability to export it under the law, the newspaper explained. Reference Link
News For PXD From The Last 14 Days
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July 6, 2015
16:03 EDTPXDMatador appoints Robert Macalik as VP, Chief Accounting Officer
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July 1, 2015
18:20 EDTPXDShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link

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