Bloomberg PetroChina Co., the country’s biggest listed oil and gas producer, said full-year net income in 2016 fell by as much as 80 percent, putting it on pace to report a record-low profit. The slump is due to lower international oil prices and domestic natural gas prices dropping “drastically” compared with the previous year, it said in a filing ...

  Bloomberg BHP Billiton Ltd., the largest overseas investor in US shale, boosted spending on its onshore oil and gas division as rising prices lure drillers to add rigs and spur a deals spree. The company boosted spending on the unit to $165 million in the three months to December 31, from $108 million the previous quarter, according to a ...

  Bloomberg General Electric Co.’s woes in the oil patch persisted in the fourth quarter, denting sales and dragging down shares to their biggest decline in four months. Weakness in the oil and gas unit, which makes drilling equipment and pipes, will probably linger into this year after an “extremely difficult” 2016, Chief Financial Officer Jeff Bornstein said on a ...