News Highlights: Top Energy News of the Day

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Oil prices rebounded, gaining support from a softer dollar.

BP Earnings: What to Watch

BP is set to announce its first-quarter earnings before Tuesday's market open in London. A few deals at the end of last year should have already had an impact on the company's production volumes.

Exxon Profit Jump a Sign of Strengthening Oil Companies

Exxon Mobil's profit more than doubled in the first quarter of the year as the oil and gas giant signaled a strengthening in business amid a reprieve in commodity price depression.

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Chevron Swings To Profit On Cost Cuts, Higher Oil Prices

The oil-and-gas giant reports a profit of $2.68 billion as progress continues on reducing its workforce and capital expenditures in response to market conditions

NextEra May Face Elliott Management in Deal Talks on Oncor

As NextEra Energy Inc. looks to salvage the $18.7 billion deal to buy Oncor Electric Delivery Co., the profitable operating subsidiary of bankrupt Energy Future Holdings Corp., the company will have to find a way to appease Paul Singer's Elliott Management Corp., which has recently taken a big position in Energy Future's debt, according to people familiar with the matter.

FirstEnergy Strikes $109 Million Deal in Railroad Dispute

FirstEnergy Corp. has agreed to a $109 million settlement in one railroad transportation contract dispute but said that another pending arbitration proceeding could shorten the timetable for its power generation unit's expected bankruptcy filing.

Libya's Oil Chief Rebukes U.N.-Backed Government

A rift has opened between Libya's U.N.-backed government and its powerful National Oil Co., threatening the fractured country's political cohesion and its nascent petroleum-industry recovery.

Australia to Limit Gas Exports to Address Energy Shortage

Prime Minister Malcolm Turnbull said steps were needed to secure gas supplies for manufacturers and households that were being drained to feed massive export facilities run by global energy companies on the east coast.

Norway Sounds Alarm on Oil-Industry Safety

Norway's oil-industry regulator raised fresh concerns about safety standards slipping in the North Sea during the competition to cut costs forced by a two-year oil-price slump.

Southern's Georgia Power Objects to Westinghouse Bankruptcy Loan

Georgia Power has taken issue with Westinghouse Electric's proposed $800 million bankruptcy loan, saying the financing could threaten the construction of the first new nuclear reactors to be built in the U.S. in decades.

Total Releases Strong First-Quarter Earnings

French oil giant Total kicked off the big oil companies' reporting season on a positive note with a 77% increase in net profit in the first three months of 2017.

(END) Dow Jones Newswires

April 28, 2017 11:15 ET (15:15 GMT)