Exxon Dividends: Jam Today, Jammed Tomorrow?

The oil giant can manage its dividends, but it comes at a long-term cost that may not seem immediately apparent. 


 
Denbury Resources Files for Bankruptcy, Handing Control to Creditors

The oil-and-gas company plans to hand ownership over to creditors as part of a bankruptcy strategy that would eliminate $2.1 billion in bond debt. 


 
Big Oil Companies Lose Billions, Prepare for Prolonged Pandemic

Big oil companies endured one of their worst second quarters ever and are positioning themselves for prolonged pain as the coronavirus pandemic continues to sap global demand for fossil fuels. 


 
U.S. Oil-Rig Count Falls by 1 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. fell by one in the past week to 180, according to oil-field services company Baker Hughes. 


 
Oil Ends Higher on U.S. Output, Rig Count

U.S. oil prices shook off earlier declines to end the session higher after a pair of U.S. reports showed bullish declines in oil production and rig counts. 


 
Offshore-Rig Operator Noble Files for Bankruptcy

Noble, a London-based operator of offshore oil-and-gas drilling rigs, filed for bankruptcy, the latest victim of falling oil demand as the coronavirus pandemic ravages the global economy. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Energy Department Poised to Lose Up to $225 Million on Solar Project Bankruptcy

The owner of a Nevada solar farm financed with government backing filed for chapter 11 bankruptcy, proposing to repay taxpayers less than half of what they are owed on $425 million in outstanding public debt used to build the project. 


 
Second Former Unaoil Manager Sentenced in U.K. Bribery Case

Stephen Whiteley, a former Iraq territory manager for Unaoil, was found guilty of one count of conspiracy to give corrupt payments this month. 


 
Offshore Driller Valaris Says Bankruptcy Filing Could Be Imminent

The London-based company said it could file for bankruptcy soon to deal with debt totaling about $7 billion, saying a waiver and forbearance period with lenders and bondholders is scheduled to end within days.