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Chevron pays reported $5M to family of Pennsylvania well fire victim

HARRISBURG, Pa., May 29- Chevron Corp. has paid a reported $5 million to settle a lawsuit filed last year by the parents of a worker who was burnt to death in a gas well fire in western Pennsylvania. Local media reported the $5 million settlement, saying it had been approved by a judge in Allegheny County Court of Common Pleas in Pittsburgh earlier this month.
Source: Reuters | By: David DeKok
UPDATE 1-Exxon, Chevron holders say 'no' to adding climate experts to boards

HOUSTON, May 27- Shareholders of the top two U.S. oil companies on Wednesday rejected proposals to add directors with climate change expertise to their boards, but a measure passed at one, Chevron Corp, could give new power to minority investors with environmental concerns. Proposals to add an independent director with expertise in climate change received the...
Source: Reuters | By: Anna Driver
Exxon shareholders to vote on climate change, fracking

The votes at meetings of Exxon Mobil Corp. and Chevron Corp. shareholders on Wednesday were expected. At the Exxon Mobil meeting in Dallas, CEO Rex Tillerson said the company is positioned to withstand ups and down in oil prices and give shareholders a good return on their money. Exxon has completed more than a dozen major projects in the past three years and...
Source: The Associated Press | By: By DAVID KOENIG, AP Business Writer
Shareholders press for board voice on climate at Exxon, Chevron

HOUSTON, May 27- Progressive shareholders are pushing to add directors with climate change expertise to the boards of Exxon Mobil Corp and Chevron Corp, arguing the largest U.S. oil companies need more depth of knowledge to navigate environmental issues. In January, Europe's Royal Dutch Shell Plc backed a measure from activist investors asking it to be more...
Source: Reuters | By: Anna Driver
Stocks close 1% lower as Dow plunges triple digits; dollar, data weigh

U.S. stocks closed about 1 percent lower as investors eyed renewed strength in the dollar and data that could strengthen the case for a rate hike.
Source: CNBC.com | By: Evelyn Cheng
Where there are still bargains in energy: Analyst

Energy names have bounced powerfully, but Pavel Molchanov of Raymond James says there's still value to be found.
Source: CNBC.com | By: Alex Rosenberg
INTERVIEW-Weatherford sees 'only upside' in Argentine oil and gas

BUENOS AIRES, May 21- Weatherford Drilling International expects to win contracts in the next two or three months to deploy rigs to Argentina where foreign energy majors are exploring one of the world's largest shale resources, a senior company official said on Thursday. "Over the next five to 10 years, we see only upside in Argentina." Weatherford Drilling...
Source: Reuters | By: Richard Lough
Energy stocks stay hot  

Discussing energy market fundamentals, with Pavel Molchanov, Raymond James; Boris Schlossberg, BK Asset Management; and CNBC's Brian Sullivan.
Source: CNBC.com
Energy stocks cheapest in nearly 30 years: Analyst

Bank of America Merrill Lynch raised its opinion of stocks in the energy sector, recommending clients overweight the shares in their portfolios.
Source: CNBC.com | By: John Melloy
Dow closes at record; stocks end mostly lower ahead of Fed minutes

U.S. stocks closed mixed on Tuesday as investors eyed renewed gains in yields and the dollar ahead of the Federal Reserve meeting minutes
Source: CNBC.com | By: Evelyn Cheng