Houston exploration and production company Marathon Oil has cut its drilling budget by about 10 percent amid an ongoing shale slump that caused revenue and profits to decline in 2019.
In a Wednesday afternoon statement, Marathon said the company is cutting capital expenditures by 10 percent, to $2.4 billion from $2.6 billion in 2019.
The company plans to spend $2.2 billion of its capital expenditure budget on drilling, hydraulic fracturing and other activities in the field while the remain $200 million will go to secure new oil leases and exploratory work looking for new geological formations with oil and natural gas.
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Budget highlights; $23B for Intel; Export deals get OK, and more... - Defense One
What ever happened to the "masterpiece" budget promised by then-Deputy Defense Secretary Patrick Shanahan in 2017? That was an eternity ago, particularly in an era where the news cycle mimics a gnat's attention span.
Three full days since the Pentagon sent its fiscal 2021 budget request to Congress, it's become abundantly clear that the military cannot achieve the larger force numbers championed by the Trump administration. In some areas, the military will be shrinking, buying fewer armored vehicles, shedding hundreds of aircraft, and even retiring less than 20-year-old ships.
What's in President Trump's Fiscal 2021 Budget? - The New York Times
WASHINGTON — President Trump has proposed a record $4.8 trillion budget for the 2021 fiscal year, and while Congress decides what to fund, the document provides a window into the White House's spending priorities.
Foreign aid, public broadcasting and environmental programs also get cut under Mr. Trump's proposal. He wants to spend more money on areas like restricting immigration, including an additional $2 billion for his wall along the southern border, and more money to develop state-of-the-art weapons.
How to Decide on Your Company's IT Security Budget | 2020-01-15 | Security Magazine
Global spending on information security products and services has been on the rise for years. According to Gartner, budgets have grown from $114 billion in 2018 to a forecasted growth of more than $124 billion in 2019 . IT security leaders in enterprises agree, with 72 percent saying that their budget will increase in 2020. With more money being allocated for information security, it’s interesting to see how these investments are actually shaped.
From my experience, there are two ways to decide about the future. One option is to rely on your intuition and previous experience or simply follow prior protocols. The other is to analyze your unique situation, break it down into small details and try to calculate the probability of these details changing in the near future.
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6 Steps to Create a Small Business Budget that Works for You - Business 2 Community
But for many small-time entrepreneurs, making a comprehensive budget can easily fall by the wayside. As of 2018, 61% of small business owners failed to create a formally documented budget. What's more, around 37% of companies with budgets spent more than they budgeted.
This can be a problem given that budgeting can help with long-term financial planning and surprise expenses. If your small business doesn't have a budget, don't fret! It isn't too late to make one. To help you get started, here are six steps to creating a small business budget that works for you.
5 Tips for Budgeting With an Irregular Income | Nasdaq
This doesn't mean people with variable income can't make a budget. In fact, it may be even more important to put limits on spending and set goals for saving when you can't count on a certain amount of money coming in. But it does mean that a different budgeting technique is often necessary.
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Since these are must-pay expenses, they need to be included in your budget every single month. Make a list of them, along with the amounts you need for each. This will give you a good idea of the amount you must ensure is available.
Trump budget slashes Amtrak funding while boosting highway spending - Business Insider
The White House budget released on Monday proposed cutting funding for passenger rail carrier Amtrak, while calling for a significant boost in infrastructure spending.
The proposal would cut Amtrak funds by more than 50% over 2020 levels. It could cut funds to the congested northeast corridor from $700 million to $325 million and cut long-distance train funds from $1.3 billion to $611 million and then phase out support for long-distance trains.
Trump has proposed similar cuts in prior budgets and been rejected, and Democrats are not likely to go along. Trump has sparred with Democratic lawmakers over a $13 billion infrastructure project to build and repair tunnels and bridges in the New York City area known as "Gateway."
Antero to cut D&C completion budget by 10% » Kallanish Energy News
Antero Resources said it expects to spend $1.2 billion in 2020 on capital projects, Kallanish Energy reports.
That includes $1.15 billion for drilling and completions (D&C), a 10% drop from what was spent in 2019, plus an additional $50 million on leases.
The independent producer spent $1.27 billion in full-year 2019 on drilling and completions, a 16% drop from 2018 and 7% below Antero’s original 2019 guidance.
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