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REUTERS/Charles Mostoller/File Photo Acquire Licensing RightsSept 21 (Reuters) - Magellan Midstream Partners' (MMP.N) unitholders on Thursday voted in favour of its sale to larger rival ONEOK Inc (OKE.N) for $18.8 billion, creating one of the largest U.S. energy pipeline companies. Independent proxy advisory firms Glass Lewis & Co and ISS had recommended a vote in favor of the sale. Magellan, in its proxy, cautions that the merger is not conditioned on the compensation vote and that if the acquisition is approved, the executive compensation is payable. Michael Mears, Magellan's previous chief executive officer, also would receive about $26.5 million in equity, while the company's current chief commercial officer and general council will receive multi-million dollar packages. Magellan, however, said it expects ONEOK to consider the outcome of the compensation vote, along with other factors, when considering future executive pay.

Persons: Charles Mostoller, unitholders, Glass, Aaron Milford, Jeff Holman, Michael Mears, Magellan's, ONEOK, Mrinalika Roy, Gary McWilliams, Sharon Singleton Organizations: REUTERS, Midstream Partners, ONEOK Inc, Energy, Partners, Glass Lewis, Co, ISS, Thomson Locations: Elliston , Virginia, U.S, Magellan, Bengaluru, Arathy, Houston

REUTERS/Brendan McDermid/File PhotoCompanies Conocophillips FollowOccidental Petroleum Corp FollowAug 3 (Reuters) - ConocoPhillips (COP.N) slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. That helped the company raise its full-year production outlook for a second time this year and now expects it to range between 1.80 million boepd and 1.81 million boepd. The company in May said it expected production between 1.78 million boepd and 1.80 million boepd. ConocoPhillips also narrowed its capital spending guidance range to between $10.8 billion and $11.2 billion, from previous guidance of $10.7 billion to $11.3 billion. Rival Occidental Petroleum (OXY.N) on Wednesday had also raised its full-year production forecast, but missed second-quarter profit expectations due to the slide in prices.

Persons: Brendan McDermid, Arathy Somasekhar, Mrinalika Roy, Shinjini Ganguli, Toby Chopra Organizations: ConocoPhillips, New York Stock Exchange, REUTERS, Conocophillips, Occidental Petroleum Corp, Rival Occidental Petroleum, Thomson Locations: New York, U.S, Houston, Bengaluru

REUTERS/Brendan McDermidAug 2 (Reuters) - Occidental Petroleum (OXY.N) on Wednesday raised its full-year production forecast by 1%, but missed second-quarter profit expectations due to a slide in oil and gas prices and took a writedown to exit some operations. Weak oil and gas prices have hit earnings of U.S. oil producers after a bumper year in 2022 when Russia's invasion of Ukraine buoyed energy prices. The better-than-expected output in the quarter also helped the company raise its full-year production guidance by 1% to between 1.19 million boepd and 1.24 million boepd, from a midpoint of 1.195 million previously. Meanwhile, rival U.S. oil producers Marathon Oil (MRO.N) and APA Corp (APA.O) reported quarterly earnings that beat analysts' estimates on higher than projected output. Apache said output was tracking in line with its full-year production guidance of 404,000 to 408,000 boepd.

Persons: Brendan McDermid, Mrinalika Roy, Arun Koyyur, Matthew Lewis Organizations: Occidental Petroleum, New York Stock Exchange, REUTERS, Oil, APA Corp, Apache, Thomson Locations: New York, U.S, Ukraine, Occidental, Suriname, Bengaluru, Arathy, Houston

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