(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. beat analysts’ profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices. Exxon’s third-quarter adjusted earnings exceeded expectations by a nickel on Friday, while Chevron […]
Weekly Daily Standup Top Stories Biden’s EV Mandate Is Backfiring As Consumers Rebel Against Electric Cars October 26, 2024 Mariel Alumit Biden’s strong-arm tactics to force Americans to buy EVs have only stiffened consumer resolve not […]
Saudi Arabia may reduce the official selling prices for most of its oil grades for Asian buyers next month, Reuters has reported, citing sources from the refining industry. Based on a poll conducted among six of […]
Saudi Aramco is looking to invest in oil refining, petrochemicals, and oil product distribution in Vietnam, PetroVietnam said Oct. 30, a day after both state-owned companies had inked a collaboration framework agreement on oil and […]
Deal still needs the approval of Neuquen Province, person says Exxon is exiting Vaca Muerta shale patch to focus elsewhere Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale […]
The biggest U.S. LNG exporter, Cheniere Energy Inc (NYSE: LNG), reported on Thursday a decline in third-quarter revenues and profits amid decreased market volatility and lower international LNG and natural gas prices. Cheniere Energy booked $3.763 billion […]
China’s two largest refiners, Sinopec and PetroChina, have reported steep declines in refining output as domestic oil demand weakened further in the third quarter. Lower refining and chemicals demand contributed to a sharp drop in […]
Hurricanes in September & October and the Boeing strike will mess with labor market data for a few months; the Fed won’t get clear answers. By Wolf Richter for WOLF STREET. Three hurricanes – Francine in early September, […]
Company is working with advisers to gauge buyer interest Colonial Pipeline is backed by investors including KKR, CDPQ Colonial Pipeline Co., operator of the largest US fuel pipeline system, is weighing options including a sale […]
By Wolf Richter for WOLF STREET. Boeing, which has booked net losses every year from 2019 on, totaling nearly $32 billion, and which has borrowed huge amounts of money over those years, bringing its short and long-term debt […]
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