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News Highlights: Top Energy News of the Day

05/03/2021 | 12:16am EDT
Litigation Without End: Chevron Battles On in 28-Year-Old Lawsuit 
 

Facing a huge damage award U.S. courts deem fraudulent, the oil company is trying to get the pollution verdict voided in Ecuador, the country it came from. Its nemesis, a plaintiffs' lawyer now disbarred and under house arrest, is about to go on trial himself.

 
Oil ends lower on renewed global growth fears, but tallies a monthly gain 
 

Oil futures finish lower on Friday, with weakness tied to some worries over the global economic outlook, but prices tallied weekly, as well as monthly gains.

 
Exxon Mobil, Chevron Face Tough Investor Crowd 
 

U.S. oil majors are making money again, but it will take more to assuage shareholders.

 
Bankrupt Texas Co-Op Brazos Approved to Chill Storm Damage Claims 
 

Brazos Electric Power Cooperative and Griddy Energy have seized bankruptcy tools to limit demands to pay for property damage and injuries stemming from the February freeze.

 
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. dipped by one in the latest week to 342, according to oil-field services company Baker Hughes.

 
Eni Returns to Profit in the First Quarter 
 

Eni was back in the black in the first quarter, posting a net profit of EUR856 million, or EUR270 million on an adjusted basis, with the improved results driven by exploration, production and chemicals.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities

 
ESG Insights - Emissions Goals Are Costly But Will Benefit Some Sectors 
 

This week, The Wall Street Journal's ESG research analysts looked at global emissions-goals costs, the resumption of J&J vaccinations, Archegos's collapse fallout and more.

 
Oil's Rebound Greases the Way for Energy Giants' Green Pitch 
 

Higher cash flows and payouts are attracting investors back to Shell and BP, giving them much-needed time to better sell their complex transition plans.

 
Energy-Focused Hedge Fund Luminus Liquidates Some Assets 
 

The unwinding demonstrates the ongoing ripple effects caused by the Covid-19 crisis that struck the energy industry in early 2020.

(END) Dow Jones Newswires

05-03-21 0015ET

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 1.57% 25.91 Delayed Quote.24.27%
CHEVRON CORPORATION -0.46% 107.91 Delayed Quote.27.78%
DJ INDUSTRIAL 0.04% 34479.6 Delayed Quote.12.61%
EXXON MOBIL CORPORATION -0.92% 62.17 Delayed Quote.50.82%
LONDON BRENT OIL 0.88% 73.36 Delayed Quote.40.00%
RIPPLE (XRP/BTC) -4.35% 2.2E-5 Real-time Quote.187.50%
RIPPLE (XRP/EUR) -1.28% 0.71855 Real-time Quote.292.07%
RIPPLE - UNITED STATES DOLLAR -1.18% 0.87102 Real-time Quote.288.04%
WTI 0.76% 71.48 Delayed Quote.45.60%
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