Jim Polson

Jim Polson News

  • Freeport Wins Plains Approval for $6.63 Billion Takeover

    Freeport-McMoRan Copper & Gold Inc. won approval from shareholders of Plains Exploration & Production Co. for a $6.63 billion takeover after sweetening the bid for the largest U.S. oil and natural gas purchase announced in the past year.

  • Plains and Freeport Offer Dividends as Takeover Sweetener

    Freeport-McMoRan Copper & Gold Inc. sweetened its bid for Plains Exploration & Production Co. to win shareholder support for the takeover, offering special cash dividends to raise the value of the deal to $6.6 billion.

  • Chesapeake Energy Says Anadarko Executive Lawler to Be CEO

    Chesapeake Energy Corp., the second- largest U.S. natural gas producer, said former Anadarko Petroleum Corp. executive Robert Douglas Lawler will become chief executive officer effective June 17.

  • Hess to Add Elliott Nominees to Board, Ending Proxy Fight

    Hess Corp. ended a four-month proxy battle with billionaire Paul Singer’s Elliott Management Corp., adding three of the activist investor’s five board nominees and heading off a shareholder vote on competing candidates.

  • Public Service Enterprise to Run Long Island Power Authority

    Public Service Enterprise Group Inc. will take over operations of the Long Island Power Authority, leaving the state-owned utility without any day-to-day responsibilities after thousands of its customers were left without power for weeks by Hurricane Sandy.

  • Hess to Add Two Elliott Directors If Company Slate Elected

    Hess Corp. will add two directors from dissident shareholder Elliott Management Corp.’s board nominees if the company’s five candidates are elected on May 16, calling it a “resolution to end” a divisive proxy contest.

  • Hess to Strip CEO of Chairman’s Role After Annual Meeting

    Hess Corp., the oil company that’s in a proxy battle with billionaire Paul Singer’s Elliott Management Corp., said it will strip Chief Executive Officer John B. Hess of the chairmanship after its annual meeting next week.

  • Apache to Divest $4 Billion in Assets and Buy Back Shares

    Apache Corp., this year’s third-worst performing oil and natural gas producer on Standard & Poor’s energy index, plans to sell $4 billion in assets by yearend and buy back shares as first-quarter profit missed analysts’ estimates.

  • Cobalt Falls After Backers Sell Stakes at Discount

    Cobalt International Energy Inc., the explorer seeking oil in the U.S. Gulf of Mexico and West Africa, fell the most in more than four months after Goldman Sachs Group Inc. and other backers sold 50 million shares at a discount to yesterday’s closing price.

  • EOG Rises After Earnings Beat Analysts' Estimates

    EOG Resources Inc., the oil producer with the most acreage in Texas’ Eagle Ford Shale, rose the most in nine months after first-quarter profit beat analysts’ estimates by 52 percent.

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