Chesapeake Energy Corp. and Franklin Resources Inc. will need to defend their debt restructuring plan in December from attack by unsecured creditors who claim the proposal is built on a fraudulent scheme, a judge Continue Reading
U.S. stocks dropped, capping their biggest weekly rout since March, after earnings from the largest tech companies disappointed investors concerned that a slowing economy will damp profit. The Nasdaq 100 declined about Continue Reading
Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity. The energy giant on Friday posted a $680 million third-quarter Continue Reading
Exxon Mobil Corp. posted its third consecutive quarterly loss for the first time on record Friday and disclosed that it may write down the value of natural-gas assets worth as Continue Reading
The outlook for the pandemic continues to worsen, and many areas of the United States are experiencing their worst weeks yet. The country reported a record of more than 500,000 Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 221. The total number of active oil and gas rigs increased Continue Reading
ExxonMobil ( NYSE: XOM ) warned on Friday that it could write down North American natural gas assets with a carrying value of up to US$30 billion as it reported Continue Reading
Coal deliveries to US power plants rose to a seven-month high of 40.53 million st in August, up 8.3% from the previous month, but 20.6% lower than the year-ago month, Continue Reading
Devon Energy will soon have enough permits for shale drilling on federal lands to cover its oil and gas production plans in the Permian’s Delaware Basin through 2024, CEO David Continue Reading
The US Gulf of Mexico’s oil and gas volumes and some New Orleans-area refineries are returning after Hurricane Zeta ripped through the region and knocked out power in much of Continue Reading
