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NEW YORK (AP) -- Consol Energy is trimming the amount of money it spends on buying and developing land for oil production, joining other energy companies that are reducing spending due to falling oil prices.
The natural gas and coal producer said Friday that it lowered its capital spending budget to $920 million, down $80 million from its previously announced budget of $1 billion. Consol also said it plans to reduce its operational costs, but didn't say by how much.
Shares of Consol Energy Inc., based in Canonsburg, Pa., fell $1.34, or 4.8 percent, to $26.27 in afternoon trading.
Several energy companies, including Chevron Corp. and Exxon Mobil Corp., have trimmed their spending after oil prices plunged. Oil prices have fallen as production in the U.S. increased, outweighing demand.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : CNX |
ISIN : US20854P1093 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Consol Energy est une société de production minière basée aux Etats-Unis D'Amerique. Consol Energy est productrice de charbon en USA, et détient divers projets d'exploration en USA. Son principal projet en production est BUCHANAN en USA. Consol Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,4 milliards (1,3 milliards €). La valeur de son action a atteint son plus haut niveau récent le 06 juin 2008 à 99,79 , et son plus bas niveau récent le 26 avril 2019 à 10,00 . Consol Energy possède 47 442 200 actions en circulation. |