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Apache Corp.'s (APA) board trimmed the targeted pay level of the company's chief executive on Friday, one day after shareholders failed to approve the company's executive-pay practices at an annual meeting.This year, Chief Executive Officer Steven Farris's targeted pay will be 18% lower than his reported compensation in 2012. The board cut his targeted bonus amount to 150% of his base salary from 200%, and also reduced the targeted amount of equity he should be awarded.The board also eliminated tax gross-ups on life insurance--money paid to offset taxes on additional income--reduced pay to board directors, and implemented a mandatory retirement age of 75 for new directors.The moves come as the Houston oil and gas producer seeks to stem shareholder discontent, which has become widespread among energy-sector companies that have seen their shares lag versus peers. On Thursday, Hess Corp. (HES) struck a deal with Elliott Management Corp. to allow three directors nominated by the dissident ...
Valiant Petroleum PLC (VPP.LN), an exploration and production company, said Friday its wholly owned subsidiary Valiant Causeway Ltd. has signed a farm-out agreement ...
President Barack Obama's pick to head the U.S. Interior Department, REI Chief Executive Sally Jewell, owns or has recently owned stock in several major oil companies...
Broadly speaking, energy stocks and the corresponding ETFs have performed well through the first two months of 2013.As just one example, the Energy Select Sector SPD...
Australian iron ore ports and energy facilities were resuming normal operations Thursday after the passage of Cyclone Rusty, which caused flooding in some inland are...
Apache Corp. (APA) has detected an underground flow of natural gas at the site of a shallow-water exploratory well in the U.S. Gulf of Mexico, the company and U.S. r...
U.S. regulators said Apache Corp. (APA) detected an underground flow of natural gas after it managed to contain a blowout at an exploratory well it was drilling in t...
Apache Corp. (APA) said Thursday it plans to trim its portfolio with $2 billion in asset sales this year, bringing an end to a three-year buying spree that expanded ...
Apache Corp.'s (APA) fourth-quarter earnings fell 44% as property write downs and lower prices offset the benefits of increased production.The Houston-based company ...
EOG Resources Inc. (EOG) swung to a fourth-quarter loss as the natural-gas-and-oil producer posted significantly higher impairment charges, offsetting stronger reven...
A discovery made last year by BHP Billiton Ltd. (BHP.AU) and Apache Corp. (APA) off the coast of Western Australia state could contain around 500 billion cubic feet ...
A Royal Dutch Shell PLC (RDSA) unit struck a deal with a Kinder Morgan Inc (KMI) company to export liquefied natural gas out of an existing import terminal near Sava...
Mining and energy companies operating in northwestern Australia are shutting down operations Wednesday ahead of a tropical cyclone that is expected to bring heavy ra...
Apache Corp. (APA) shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting Thursday, making their displeasure wit...
Apache Corp. (APA) said it would seek to sell $4 billion in assets this year, doubling its divestiture program as the U.S. oil and gas company tries to pay down debt...
Apache Corp.'s (APA) first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4 b...
Apache Corp. said first-quarter profit fell to $717 million, or $1.76 a share, from $797 million, or $2.00 a share, a year earlier. The company said adjusted earning...
Apache Corp. (APA) reported three oil and gas discoveries in Egypt's western desert, expanding the company's production base in the area.A number of analysts have ra...
Buoyed by a stronger-than-expected jobs report last Friday, U.S. stocks surged to new highs as the S&P 500 jumped above 1,600 for the first time ever.The Dow Jones I...
The U.S. has opened a commercial service office in Western Australia state, reflecting an investment surge driven largely by U.S. energy companies seeking to export ...
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