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.
| 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...
| 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...
| By: Anna Driver
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...
| 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.