Energy Update
HOUSTON, April 27 (Reuters) - Exxon Mobil Corp
raised its quarterly dividend by 3 percent on Wednesday, a day
after Standard & Poor's downgraded the U.S. oil and gas company
citing its generous payouts to shareholders.
SAN FRANCISCO, April 27 (Reuters) - Persistent low oil
prices continue to strain budgets in states like Alaska,
Louisiana, Oklahoma and North Dakota, which rely on oil
production taxes to fill government coffers, Standard and Poor's
said in a report on state budgets on Wednesday.
April 27 (Reuters) - Noble Corp Plc's quarterly
profit plunged 41 percent, coming slightly below analysts'
expectations, hurt by lower demand for rigs as oil prices hover
around decade lows.
April 27 (Reuters) - Solar panel maker First Solar Inc
reported its first revenue miss in four quarters,
sending its shares down as much as 9 percent in after-market
trading.
Five companies were recognized this week by the National Hydropower Association during its annual Waterpower Week in Washington conference for work in hydroelectric power that exemplifies "extraordinary recreational, historical, environmental or educational value."
UNITED NATIONS, April 27 (Reuters) - The United Nations
Security Council Libya sanctions committee blacklisted on
Wednesday an Indian-flagged tanker carrying crude oil shipped by
the rival eastern Libya government, said diplomats, which would
prevent it from entering any ports.
NEW YORK, April 27 (Reuters) - Expectations for chemical
company earnings have been boosted by a combination of lower
crude oil costs during the commodity's slump along with strong
demand for plastics that are used to make everything from
shampoo bottles to grocery bags.
ABUJA, April 27 (Reuters) - The World Bank's managing
director and Nigeria's president on Wednesday discussed how the
multilateral lender could help Nigeria overcome its economic
crisis and repatriate more than $300 million stolen by a former
military ruler.
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