CLR News and Press, Continental Resources Inc. From 04/01/20

President Trump will meet with the leaders of several large U.S. oil companies on Friday, according to a report by The Wall Street Journal. The newspaper's sources said that the meeting would include the CEOs of  ExxonMobil   (NYSE: XOM) ,  Chevron   (NYSE: CVX) , ...

Pres. Trump will meet Friday at the White House with the heads of some major U.S. oil companies to discuss government measures to help the industry through the oil price crash, WSJ reports. More news on: Exxon Mobil Corporation, Chevron Corporation, Occidental Petroleum Corporation, E...

Oil stocks have been having another bad day on March 30. While the  S&P 500 index is up 2.6% as of 1:01 p.m. EDT, many companies involved in the oil and gas industry are seeing their stocks fall sharply. Independent oil and gas producers in particular are taking it hard. Here are four...

The US shale drillers are feeling the pain of the oil price crash but few are as well prepared to handle the turmoil than Concho Resources ( CXO ). The Midland, Texas-based company, which focuses on producing oil from the Permian Basin, has recently slashed its spending forecast and will lik...

The plunge in oil prices has forced several fast-growing shale oil producers to go into maintenance mode by cutting capital expenditures and holding production flat. Continental Resources ( CLR ) has gone one step further by cutting spending to a point where its production will head lower in 2...

Oil prices are snapping back on Thursday, one day after  nosediving to their lowest level since 2002 . At noon EDT, WTI, the U.S. oil benchmark, had rallied more than 18% to above $24 a barrel. That rebound in the oil market fueled a rally in most  energy stocks . One group...

Continental Resources (NYSE: CLR ) says it is cutting its 2020 capital budget by $1.2B , a 55% reduction from its original budget of $2.65B, in response to the collapse in curde oil prices. More news on: Continental Resources, Inc., Energy stocks news, Stocks on the move, Read more .....

OKLAHOMA CITY , March 19, 2020 /PRNewswire/ -- In response to the significant drop in commodity prices, Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today announced a revised 2020 capital budget of $1.2 billion , representing a 55% decrease in capital spe...

Continental Resources ( CLR ) has ended last year on a positive note by delivering strong levels of free cash flows but the shale oil producer might struggle in 2020. The company needs oil prices of more than $50 a barrel to generate decent levels of free cash flows. In the ongoing $30s-a-ba...

Saudi Arabia officially declared a price war on its oil-producing competitors over the weekend. This comes as a massive secondary shock to the system in the face of the expected plunge in oil demand as COVID-19 continues to spread around the world. Many entities, ranging from the main bellig...