Focus on Finance
Oklahoma anti-ESG law blocked by state judge
A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil...
Siemens Energy raises outlook, flags CEO change at troubled wind unit
Siemens Energy will replace CEO of troubled wind turbine division after little more than two years in the job, the company said Wednesday
MEG Energy says Trans Mountain expansion will boost Canadian oil prices ‘for years’
Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.
US utility Sempra’s profit falls 17% in first quarter
U.S. power and gas utility Sempra posted a 17% drop in its first-quarter profit on Tuesday, impacted by lower earnings at two of...
Crescent Point Energy selling $600M of assets to Saturn Oil & Gas
Crescent Point Energy says it has signed a $600-million deal to sell some of its oil-producing properties in Saskatchewan to Saturn Oil &...
US power and natgas prices turn negative in Texas, California and Arizona
US spot power and natgas prices turned negative in Texas, California and Arizona as pipeline maintenance trapped gas in the Permian Shale
Octopus Energy valuation jumps to nine billion dollars as investors double down
Octopus Energy’s valuation has jumped nine billion US dollars (£7.2 billion) after two of its biggest investors increased their stakes in the business
EV truck maker Nikola misses first-quarter revenue estimates
Nikola missed Wall Street expectations for quarterly revenue on Tuesday, as the electric truck maker delivered fewer hydrogen fuel cell trucks amid an...
Duke Energy beats first-quarter profit estimates on higher rates
Duke Energy beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from higher rates and robust demand for electricity
Saudi Aramco maintains $31 billion dividend despite lower Q1 net income
Aramco expects to pay $31bn in dividends to the Saudi government and its shareholders despite reporting lower earnings for Q1 on Tuesday
