Exxon hits record profit and Chevron’s triples amid high energy prices, sending stocks higher
Revenue jumped to $115.681 billion from $67.742 billion a year ago Exxon handily topped the analyst estimate of $3.94 a ...
Tag: Integrated Oil/Gas
Exxon, Chevron earnings preview: Oil giants under the microscope as profit booms
Exxon Mobil Corp. and Chevron Corp. are scheduled to report second-quarter earnings on Friday before the bell as their booming ...
Europe risks protracted gas crisis after Russia makes deeper cuts to natural gas flows, say economists
“We have revised up our forecasts of the European gas price (TTF) to reflect the fact that Russia is now ...
Exxon says rising oil and gas prices will net it a Q2 windfall profit of at least $2.5 billion
Exxon Mobil Corp. said in a filing late Friday it expects a boost of at least $2.5 billion to its ...
Chevron to sell its global headquarters in California, but remain based in state, as it downsizes offices
Chevron Corp. CVX, +1.64% is planning to sell its current headquarters in California and is offering to cover costs for ...
Biden pushes back after Chevron CEO says oil industry has been vilified: ‘He’s mildly sensitive’
The president sounded hopeful as well: “We ought to be able to work something out whereby they’re able to increase refining ...
Oil-stock trade is ‘too obvious,’ says this fund manager, who expects a pullback in prices
(Updates original story with Tuttle’s purchase of additional shares of OXY in last paragraph.)Investors’ memories can be short. The same ...
This company has replaced Apple as the most valuable in the world
Earlier this year, Apple Inc. looked like it was on its way to becoming the first $3 trillion company. Today, it’s no longer ...
European natural-gas prices surge as Russia sanctions energy companies
One target of the Russian sanctions was Gazprom Germania GmbH, a major Gazprom unit that the German government took control of ...
Chevron, Suncor and other North American energy giants sharply lag European rivals in ‘green transition’ scorecard
European oil and gas majors, such as Shell, continue to lead the transformation in the energy space toward cleaner alternatives ...
Exxon expects profit bump in Q1
Exxon Mobil Corp. said in a filing late Monday that its first-quarter profit could top $9 billion, thanks in part ...
The best-performing sector of the S&P 500 is still the cheapest, while technology stocks look overvalued
In a year of supply challenges, investors have watched as the stock market’s sector focus has shifted. You have seen ...
The best-performing sector of the S&P 500 is still the cheapest, while technology stocks look overvalued
The following tables present data for the 11 sectors of the S&P 500 SPX, -0.04%. Several tables will be used ...
Saudi Aramco doubles its net profit in 2021, to $110 billion
DUBAI — State oil giant Saudi Aramco 2222, +2.07% said Sunday its 2021 net profit more than doubled to $110 ...
Why the U.S. ban on Russian oil imports differs from the 1970s embargo for markets
“From my perspective, the biggest takeaway is not to panic,” said Kristina Hooper, Invesco’s chief global market strategist, in a ...
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