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Odessa American in Odessa, Texas

05 Mar 2005

Page 8

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Mar 05, 2005

Page

8

Global and U S finance and energy news highlights

Crude oil futures ease after Thursday surge as fund buying fades. New York banks settle WorldCom suit. Lehman to pay 62.7 million with three peers. Spinnaker Exploration reports Q4 net income up on higher gas and oil prices. Yukos seeks stay of bankruptcy ruling pending appeal. Delphi CFO resigns amid accounting issues. other execs depart.

MENTIONED IN THIS ARTICLE

Singapore Europe New York Mercantile Exchange Brent International Petroleum Exchange Victor Shum Purvin & Gertz New York WorldCom Inc Alan G. Hevesi New York State Lehman Brothers Inc Credit Suisse First Boston Credit Suisse Group Goldman, Sachs & Co UBS Warburg LLC Stamford, Conn WorldCom Hevesi Houston Spinnaker Exploration Co Thomson First Call Spinnaker New York Stock Exchange Houston Yukos United States
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ChevronTexaco Cuts U.S. Gas Reserves for Third Year

ChevronTexaco slashed its 2004 U S natural gas reserves by 13 percent due to poor drilling results in the Gulf of Mexico and U S Midcontinent. The drop, 680 billion cubic feet or 3 percent of worldwide reserves, followed downgrades in 2002 and 2003. the company posted a record 13.3 billion in profits as shares rose on the NYSE.

MENTIONED IN THIS ARTICLE

Houston ChevronTexaco Corp U.S Gulf of Mexico USS Natural Gas ChevronTexaco New York Stock Exchange United States
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Also Mentioned on This Page

Delphi Cfo Detroit Delphi Corp Delphi Alan Dawes Paul Free John Blahnik Treasury Associated Press Cell - Ofform Credit BF Orly N. Andrews Hwy
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