Exxon Mobil Corp. said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months. Lower earnings in the two divisions are likely to reduce […]
Legal & General Investment Management, the UK’s largest asset manager, said it wants Shell Plc to explain how it thinks it can still reach net zero emissions by 2050 while ratcheting up investments in fossil […]
ChargePoint (CHPT) earned an upgrade Tuesday as a “best-in-class way” to play the EV charging space. CHPT stock eased Wednesday after rocketing the prior session, with ChargePoint earnings due late Thursday. “The reason for our […]
At a conference about energy finance and the energy transition on May 19, Occidental Petroleum CEO Vicki Hollub stated it plainly, “We will never walk away from oil and gas…and our carbon management business will […]
Climate change protesters were dragged away as they tried to storm the stage at Shell’s shareholder meeting Tuesday, while activist investors added pressure with a resolution demanding the global oil and gas giant beef up its emissions […]
Occidental Petroleum Corporation (NYSE:OXY) released a solid earnings report for FQ1 this week. However, that hasn’t been enough to stem a slide in OXY that started in early April, as the boost from the OPEC+ production cut faltered. Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren […]
In something of a reversal in trends, Occidental Petroleum has started buying back preferred stock it transferred to Warren Buffett’s Berkshire Hathaway in exchange for its financial backing for the Anadarko takeover. The news comes […]
Saudi Aramco announced a 19% drop in quarterly profits when compared with the same period in 2022. This marks the first year-on-year decline for the company’s profits since 2020. Saudi Aramco, which is primarily owned […]
The oil giant plans to patiently wait for the right acquisition opportunity to arise. ExxonMobil (XOM 0.03%) is swimming in cash these days. During the first quarter, the oil giant generated $16.3 billion in cash. Even after spending […]
Exxon Mobil on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices […]
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