ExxonMobil Corp. for the second year in a row tops a Forbes magazine list as the world’s most profitable company, with $44.9 billion in income in 2012, but its reign as the largest publicly traded company has been usurped by a Chinese bank.
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ExxonMobil Most Profitable, But Chinese Lead Public Companies
ExxonMobil Corp. for the second year in a row tops a Forbes magazine list as the world’s most profitable company, with $44.9 billion in income in 2012, but its reign as the largest publicly traded company has been usurped by a Chinese bank.
Revised Weather, Production Data Stir Bears; January Plunges
January natural gas futures fell hard Monday as weather forecasts were adjusted to a slightly warmer outlook, and the Energy Information Administration (EIA) released higher production figures. At the end of the day January futures were down 18.9 cents to $4.210, and February had skidded 17.8 cents to $4.234. January crude oil surged $1.97 to $85.73/bbl.
GasMart 2009: Integrys Utility Chief Says Gas Is the Answer
Natural gas is not just a bridge to renewables but rather is the fuel of the future in an era when beating global warming tops agendas in Washington, DC, and gas producers have stoked supplies with unconventional drilling success, a leading utility executive said last Wednesday.
Integrys Utility Chief: Gas Is a Permanent Solution
Natural gas is not just a bridge to renewables but rather is the fuel of the future in an era when beating global warming tops agendas in Washington, DC, and gas producers have stoked supplies with unconventional drilling success, a leading utility executive said Wednesday.
WVA Judge Upholds Damage Award in Royalty Case
NiSource Inc. has lost an attempt to overturn a $270 million punitive damage award that tops off $134 million in compensatory damages for underpayment of royalties in West Virginia, but the company vows it will fight on. A Roane County, WV judge last Thursday ruled against a motion to set aside the punitive damages portion of the jury verdict that was issued early this year (see NGI, Feb 5).
WVA Judge Upholds Damage Award in Royalty Case
NiSource Inc. has lost an attempt to overturn a $270 million punitive damage award that tops off $134 million in compensatory damages for underpayment of royalties in West Virginia, but the company vows it will fight on. A Roane County, WV judge Thursday ruled against a motion to set aside the punitive damages portion of the jury verdict that was issued in January (see Daily GPI, Jan. 30).
NGI The Weekly Gas Market Report
Report: Voluntary Demand Green Power Capacity Now Tops 2,200 MW
Renewable energy capacity in the U.S. supported by voluntary demand rather than regulatory requirements now tops 2,200 MW — up more than 1,000% in just five years, according to a new report from the U.S. Department of Energy (DOE) released last week at the 10th national green power marketing conference in Austin, TX. The report also notes that purchases by large businesses, institutions and governmental entities are driving the growth of the U.S. voluntary green power market.
J.P. Morgan Ponies Up $2.2B to Settle Enron Lawsuit
J.P. Morgan Chase & Co. late Tuesday agreed to pay $2.2 billion to settle a class action lawsuit filed by Enron Corp. investors, which tops the $2 billion settlement reached by Citigroup Inc. earlier this month (see Daily GPI, June 13).
Kinder Morgan 3Q Tops Wall Street Estimates
Earnings from subsidiaries and ownership in its master limited partnership sent earnings at Kinder Morgan Inc. (KMI) up 17% during the third quarter compared with a year ago. The Houston-based company topped Wall Street estimates by 2 cents/share, with net income of $111.9 million (90 cents/share), compared with $95.6 million (77 cents) in 3Q2003.