In a world of suffocating snowflakery, ESG hypocrisy and, well… Tranheuser Busch, a corporation telling the truth without fear of reprisals from the Open Society-funded virtue signaling cabal is rarer than an mRNA-injected, genetically engineered […]
Shell should ‘scale back or stop’ less successful ventures. Shell Plc executives are telling their renewable power business that it needs to become more profitable, not just deliver lower carbon emissions, and pull back from the […]
The likelihood of the world reaching net-zero carbon dioxide emissions by 2050 is remote, Exxon said in a U.S. Securities and Exchange Commission communication. The IEA’s 2050 Net Zero Emissions does not “meet the level […]
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 […]
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 […]
Welcome to Energy Daily, our guide to the energy and commodities powering the global economy. Today, Senior Reporter Kevin Crowley looks at the key reasons why Europe’s oil majors trade so far below their US counterparts. To get this newsletter […]
U.S. crude futures tanked Wednesday to levels not seen since late March amid concerns of U.S. recession and signals of demand weakness in China. Meanwhile, the May 1 start of the OPEC+ oil output reduction […]
(Bloomberg) – Exxon Mobil Corp. has a high bar for potential acquisitions and will only pursue a large transaction if it finds unique ways of extracting value from a deal, said Chief Financial Officer Kathy […]
Wells Fargo Analyst Roger Read joins Yahoo Finance Live to discuss quarterly earnings for Chevron and ExxonMobil, falling gas prices, the expectations for a hard landing, and the outlook for oil. – Despite concerns from investors […]
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