Chevron
Wednesday’s market has seen notable shifts with stocks like Amazon Com Inc (NASDAQ:) and Chevron (NYSE:) experiencing movement on the upside, while Advanced Micro Devices (NASDAQ:) faced a downturn. Investors are reacting to a mix of earnings reports, strategic announcements, and industry developments. Below are highlights of some of the…
By Shariq Khan NEW YORK (Reuters) – U.S. oil producers Exxon Mobil (NYSE:) and Chevron (NYSE:) posted better-than-expected third-quarter profits on Friday, outperforming their European rivals, as record high oil production cushioned the blow from a plunge in fuel margins. The two focused on expanding oil and gas production as…
Earnings season continues as we approach the end of the week. Below, we highlight key companies expected to report earnings on Friday, November 1, 2024, so you can prepare for the market action. Leading the pack are energy giants Exxon Mobil (NYSE:) and Chevron (NYSE:), along with real estate investment…
By Sabrina Valle HOUSTON (Reuters) -Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden’s administration for what he described as “attacks on the natural gas” industry and emphasized the crucial role of Permian in powering the rapid growth of artificial intelligence (AI). The CEO’s remarks followed new government…
By Sabrina Valle and Mrinalika Roy (Reuters) -Chevron reported second-quarter earnings on Friday that missed Wall Street estimates due to industry-wide pressure from lower refining margins and prices, sending its shares down 1.5% in premarket trading. The company earlier had warned oil output this quarter would slip and refining would…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil (NYSE:)’s legal bid to stop Chevron (NYSE:)’s proposed $53 billion acquisition of Hess (NYSE:) rests on whether the transaction would involve a change of control of Hess’ prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S.…
By Sabrina Valle HOUSTON (Reuters) – A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp (NYSE:) to Chevron (NYSE:) remains incomplete three months after the case was filed, stalling a decision on whether Exxon Mobil (NYSE:) has a right of first refusal over…
