Bloomberg Exxon Mobil Corp and Chevron Corp added momentum to a nascent recovery in the US oil industry as they reported bumper cash flow, a dramatic improvement after a torrid 2020. The energy giants generated enough cash to cover dividends, debt payments and project spending in the first quarter, the first time they’ve managed to do that in more than …

Bloomberg China will make cutting emissions a focus of its ecological strategy in the next five years, President Xi Jinping said, vowing to call off projects which consume a lot of energy and can’t meet environmental standards. “The carbon neutral and emission-peaking goals are solemn promises China has made to the world,” Xi said at a study session of the …

Bloomberg Deutsche Lufthansa AG reined in capacity plans and London’s Heathrow airport lowered passenger forecasts as new waves of coronavirus infections dent prospects for a travel rebound by the start of summer. Lufthansa now expects to offer only 40% of its pre-pandemic capacity for 2021 as a whole, according to a statement, a figure that’s below the level it has …