Archives for 2018
New Baker Hughes posts small, but growing profit
Houston’s Baker Hughes reported a small, but growing $70 million profit in the first quarter that swung from a loss courtesy of income tax benefits. Source: FuelFix
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Oil rally stalls
Oil’s rally stalled as OPEC and allied crude producers gathered in Saudi Arabia amid signs a worldwide glut has been mostly eradicated. Source: FuelFix
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CEO awarded $60 million to lead Linn Energy past bankruptcy
The same day Linn Energy Inc. exited bankruptcy, it awarded Chief Executive Officer Mark Ellis a $60 million compensation package, more than three times the amount Exxon Mobil Corp. paid its CEO Source: FuelFix
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Formerly bankrupt Linn Energy further splintering, CEO retiring
Former Wall Street darling Linn Energy will see both the “Linn” name and its longtime CEO retired as it further splinters into various new companies following its recent reemergence from bankruptcy. Source: FuelFix
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