Latest on Oil

Oil prices ticked higher Wednesday as the dollar fell and analysts said they expect U.S. stockpiles declined last week.

Exxon Mobil Cashes Out Ex-CEO Tillerson Ahead of Confirmation Hearings

Exxon Mobil has awarded former Chief Executive Rex Tillerson a $180 million retirement package as the company moves to break financial ties with President-elect Donald Trump's nominee for secretary of state.

Energy Future Cleared to Poll Creditors on Bankruptcy Exit

A bankruptcy judge authorized creditors to begin voting on Energy Future Holdings Corp.'s chapter 11 exit plan Wednesday after the Texas power giant flip-flopped on a deal with senior lenders.

Encana Boosts Forecasts, Citing Lower Costs and Increased Volumes

Energy producer Encana Corp. said Wednesdaythat results in 2017 will exceed its forecast released just a few months ago as the company continues to cut costs and boost volumes.

Gas Producers Fall Even as Gas Prices Rise

The new year started off terribly for one of 2016's best-performing commodities, reinforcing fears that have lingered over the market for months.

Statoil Plans 30% Increase in Exploration Drilling This Year

Norway's Statoil plans a 30% increase in exploration drilling activity this year, as efficiency gains and lower market costs allow its investment budget to stretch further than previous expected.

Slippery Logic to Russia's Oil-Cut Claim

Russia's pledge to cut output may have less impact on oil supply than the headlines suggest.

Bonanza Creek Energy Files For Bankruptcy

Denver-based oil-and-gas company Bonanza Creek Energy Inc. filed for chapter 11 bankruptcy on Wednesday, proposing that bondholders owed $867 million take over ownership of its dormant operations amid the fuel price slump.

Shell Seeks to Streamline in 2017

Shell helped sell investors on its $50 billion acquisition of BG Group by promising to unload $30 billion in assets. Executing these asset sales has become crucial for retaining shareholder confidence and reducing the company's mountain of debt.

Tesla Narrowly Misses 80,000-Vehicle Sales Goal in 2016

Tesla's fourth-quarter sales rose 27%-but not enough for the Silicon Valley auto maker to reach its goal of delivering at least 80,000 vehicles in 2016.

Faraday Future Faces Crucial Test With New Electric Car

The startup is revealing an all-electric car at CES that it says will be ready for production and will cast aside doubts about its future.

(END) Dow Jones Newswires

January 04, 2017 16:15 ET (21:15 GMT)

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