Payouts

The past two years have been trying for BP plc, which has faced an onslaught of legal bills and payouts from the devastating 2010 Macondo well blowout in the deepwater Gulf of Mexico (GOM), but the producer is close to putting its troubles behind it, Group CEO Bob Dudley said Tuesday.

When the payouts and penalties are totaled for the Pacific Gas and Electric Co. (PG&E) transmission pipeline rupture and explosion in San Bruno, CA, almost two years ago, the utility may pay as much as $2 billion, CEO Tony Earley said last week in San Francisco.

When the payouts and penalties are totaled on the aftermath of the Pacific Gas and Electric Co. (PG&E) transmission pipeline rupture and explosion in San Bruno, CA, almost two years ago, the utility may pay as much as $2 billion, PG&E CEO Tony Earley told news media at a press conference Monday in San Francisco.

A Dallas man pleaded guilty last week to one count of mail fraud as part of a scheme that defrauded investors in interests in the Barnett Shale natural gas play in North Texas and elsewhere, the U.S. Department of Justice (DOJ) said.

Enron Corp. shareholders could see a record payout from the failed energy trader, with average payouts of $6.79/share for common stock and $168.50/share for preferred stock, under a court agreement that would settle a 2001 class action lawsuit. The settlement is expected to be finalized in a Houston courtroom in February.

Enron Corp. shareholders could see a record payout from the failed energy trader, according to court documents. Average payouts are expected to be $6.79/share for common stock and $168.50/share for preferred stock in an agreement to settle a 2001 class action lawsuit that is expected to be finalized in February.