Chesapeake Junior Creditors Preview Fight Over Restructuring

Oil-and-gas producer Chesapeake Energy is moving ahead with a proposed restructuring intended to cut $7 billion of debt, but junior creditors warned in court that they are preparing for an extended legal fight over their allegations that the company manipulated its capital structure to favor top lenders. 


 
Oil Ends at 5-Month-Low on Virus Lockdowns

U.S. benchmark oil prices fell to their lowest levels in five months, closing the session 1.1% lower at $35.79 a barrel, and ending with a 10% weekly decline. 


 
U.S. Oil-Rig Count Rises by 10 in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. rose by 10 in the latest week to 221, according to oil-field services firm Baker Hughes. 


 
Exxon Posts Third Consecutive Quarterly Loss for First Time

The Texas company also said it may write down the value of natural-gas assets worth as much as $30 billion, as the pandemic continues to pressure the world's biggest oil companies. 


 
LyondellBasell 3Q Profit Falls

LyondellBasell Industries said profit fell sharply in the latest quarter as demand fell for plastics and jet fuel as a result of the pandemic, leading to a write-down of its Houston refinery. 


 
Total Returns to Profit, Maintains Dividend

Total returned to profit in the third quarter of the year as results benefited from a more favorable environment with oil prices above $40 a barrel 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
U.S. Blacklists Iranian, Chinese Companies Accused of Helping Iran

The Trump administration rolled out another pre-election battery of sanctions and other punitive actions against Iran, blacklisting Iranian and Chinese energy companies and announcing forfeiture actions against two shipments of Iranian missiles recently seized by the U.S. Navy. 


 
Exxon to Slash Up to 15% of Global Workforce, Including 1,900 U.S. Jobs

The struggling oil giant said it expects to make the cuts over the next year as the coronavirus pandemic continues to batter the oil-and-gas industry. 


 
Ohio Utility Fires CEO Amid State Bribery Probe

Ohio utility FirstEnergy said it was firing Chief Executive Charles E. Jones, after an internal review related to government investigations of the company's potential role in an alleged state bribery scandal.

(END) Dow Jones Newswires

11-02-20 0015ET