trending Market Intelligence /marketintelligence/en/news-insights/trending/TAjI4lbcaz2g4cw5X_YYgA2 content esgSubNav
In This List

Sept. 2-6: Exxon drops from S&P 500, assesses Permian opportunities

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Using ESG Analysis to Support a Sustainable Future


Sept. 2-6: Exxon drops from S&P 500, assesses Permian opportunities

A look back at successes and setbacks in the energy industry during the week of Sept. 2.

Highs

FIRSTENERGY SOLUTIONS — FirstEnergy Solutions Corp. requested the Ohio Supreme Court halt a proposed referendum that could repeal the law that granted subsidies to two of the company's nuclear facilities.

LINCOLN CLEAN ENERGY —Ørsted A/S-owned Lincoln Clean Energy LLC has issued a final notice regarding the construction of a 230-MW Plum Creek wind project in Wayne County, Neb.

Between

VISTRA and NRG — Vistra Energy Corp.'s latest retail acquisition is yet another sign that both Vistra and NRG Energy Inc. are continuing their strategy of acquiring energy retailers, say analysts.

OIL MAJORS — Exxon Mobil Corp. and Chevron Corp. are eyeing acquisition opportunities in the Permian Basin.

UMWA — The president of the United Mine Workers of America urged President Donald Trump to tweet his support for preserving miners' pensions as decreased employer contributions threaten to make the pension plan insolvent by 2022.

Lows

EXXON — Exxon fell from the S&P 500 index's list of top 10 companies by weight for the first time in August, coming in at 12th place. For the first time in the 62-year history of the S&P 500, no oil and natural gas companies made the top 10.

CAPITOL HILL — The U.S. Congress faces a rocky road to reauthorizing the U.S. Pipeline and Hazardous Materials Safety Administration's program overseeing roughly 3 million miles of pipelines in the U.S. The once commonly bipartisan reauthorization has become politically contentious as Democrats and Republicans spar over proposed reforms to the agency.

PG&E — A bill before the California State Legislature which would allow PG&E Corp. subsidiary Pacific Gas and Electric Co. to access billions of dollars in tax-exempt wildfire recovery bonds for victim compensation will not proceed before the end of 2019, said its author.