New language: “In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.” By Wolf Richter for WOLF STREET. The FOMC statement released today after its two-day meeting acknowledged for the […]
MIDLAND, Texas, April 30, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2024. FIRST QUARTER 2024 HIGHLIGHTS […]
OKLAHOMA CITY, April 30, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported first quarter 2024 financial and operating results. Net income of $26 million, or $0.18 per fully diluted share; adjusted net income(1) of $80 million, or $0.56 per share Net cash provided […]
U.S. crude oil prices continued to plummet on Wednesday, falling over 3% and Brent crude right behind it, shedding over 2.8% on a surprise U.S. inventory build and uncertainty about interest rate cuts and the future of […]
One of Canada’s biggest oil and gas companies, Cenovus Energy (NYSE: CVE), booked higher-than-expected earnings for the first quarter of 2024 amid strong oil and gas production and record throughput volumes at its refineries. Cenovus reported on […]
(Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ greater enthusiasm for oil and gas companies. […]
Energy company GE Vernova has invested $10.2 million (£8.1m) in the Morocco – UK Power Project, aiming to accelerate its delivery. The project seeks to provide renewable energy to power approximately seven million British homes, […]
Daily Standup Top Stories U.S. produces the energy everyone is looking for: 900 MW at the largest plant in the world April 30, 2024 Mariel Alumit It is a common misconception that renewable energy is hidden in […]
Rate-Cut Mania died, mortgage rates re-jumped to 7.5% today, but here’s what home prices did during Rate-Cut Mania. By Wolf Richter for WOLF STREET. The brief and now bygone era of Rate-Cut Mania. Today’s S&P CoreLogic Case-Shiller Home […]
The S&P 500 index achieved its best first quarterly performance since 2019. Economic data, such as low unemployment and GDP growth, indicates positive conditions for corporate profitability. Geopolitical conflicts and rising bond yields contributed to […]
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