High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Sept 2 (Reuters) - Chevron said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years,
Oil giant Chevron is confirming that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron said Wednesday that it has been assigned additional acreage in the Orinoco Belt, where the company has an established position. “Chevron’s history in Venezuela spans more than a century, and our expanded position reflects our confidence in the country’s deep resource potential and its ability to compete for investment within our portfolio for decades,” CEO Mike Wirth said in a prepared statement.
Chevron Corp. plans to invest $7 billion over the next five years to more than double its oil production in Venezuela, the largest financial commitment so far in a US government-led push to revive the Latin American country’s industry.
CARACAS, Sept 1 (Reuters) - Venezuela's ruling party-dominated National Assembly backed the country's oil deal with the Trump administration in a vote on Tuesday, ahead of a visit to Caracas by the
The 5% jump in U.S. crude oil prices today is having some of the familiar effects we've seen in recent months across the market when tensions build in the Middle East. Winners largely are coming from the energy sector, which is the best performing group in the S&P 500 today.
Oil giant Chevron is expected to soon announce it will expand operations in Venezuela, a U.S. official said Tuesday. The official, who briefed reporters on the expected announcement, said that the company’s officials and Energy Secretary Chris Wright are expected to visit Venezuela on Wednesday where the new investment will be formally unveiled. The official spoke under condition of anonymity under ground rules set by the White House for the call.
HOUSTON/CARACAS, Aug 31 (Reuters) - U. companies Chevron and GE Vernova, India's ONGC, Italy's Eni and Colombia's GeoPark are on track to sign final agreements in Venezuela after months of negotiations to firm up energy projects in the OPEC country, five sources close to the preparations said.
On this episode of Stock Movers: - PG&E (PGE) are extending their downward move as California legislators introduced a bill that would update the state's wildfire response without shifting liability away from publicly traded utilities. At least three research firms, including BMO Capital Markets and Wells Fargo, downgraded the stock. - Chevron (CVX) and ExxonMobil (XOM) shares are rising along with the price of oil. Washington and Tehran exchanged strikes for the first time in about a month, with US Central Command targeting rocket launchers preparing to send mines into the Strait of Hormuz. In response, the Islamic Revolutionary Guard Corps said that it had attacked US air bases in Jordan. - Nvidia (NVDA) shares are rising after the leader in AI chips dropped 4.6% Friday. It's the only stock rising in the Mag 7 on Monday.
Stocks slipped in early trading as traders saw an increased probability of a September rate hike and the US and Iran exchanged fire over the weekend, dampening sentiment near the end of an ebullient earnings season.
↘️ PG&E (PCG): Shares of the California utility sank 8% premarket after lawmakers over the weekend introduced wildfire legislation that left out Gov. Gavin Newsom’s proposal to block insurance companies from suing utilities for wildfire-related claims.
Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged more than 3% after U.S. forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month. U.S. benchmark crude oil was trading 3.8% higher at $86.58 per barrel.
The federal government will control 55% of the company's effective output via equity ownership and oil production.
President Donald Trump is set to meet with US oil refining executives as he confronts persistently high gasoline prices stoked by the war in Iran.
Investing.com -- Chevron (NYSE:CVX) shares rose 0.5% and Halliburton Company (NYSE:HAL) gained 1.7% following a Wall Street Journal report that the companies are nearing deals to invest billions of dollars in Venezuelan oil fields.
The U.S. oil major is close to a deal to add two heavy-oil fields to its portfolio in Venezuela. Halliburton is also in talks.
Sticky inflation is quietly rewarding a specific group of stocks with decades of uninterrupted dividend growth, and Wall Street's top analysts say five of them are built to profit no matter how long rising prices persist.
A new oil find off the coast of Angola pushed Chevron stock near record highs.
A renewed spike in oil prices is the biggest risk facing US stocks, according to Morgan Stanley’s Michael Wilson, who recommended using energy shares to hedge portfolios.
BP, Excelerate Energy, and Occidental Petroleum raised dividends in 2026 amid strong sector gains, offering solid yields and sustainable payout ratios backed by rising cash flow.
Brent crude just broke $95 and the August inflation print has not yet landed, which means the window to position ahead of the next dividend cycle is closing fast. Three energy companies are already converting the spike into bigger shareholder checks, and the structural reasons why they can keep doing it through an $80 pullback are worth understanding before prices move again.
Billionaire shale pioneer Harold Hamm’s Continental Resources Inc. signed agreements to buy half of an Argentinian shale oil firm owned by Mercuria Energy Group, with the firms promising more than $4 billion of investment to expand production.
Latin America’s two biggest oil companies are betting big on a high-risk effort to unlock a vast trove of crude from rocks that haven’t seen the light of day in 160 million years.
ExxonMobil Holdings Corp. has told Kazakhstan that the nation’s top oil field is already on the cusp of peak output and that its production will slump sharply in the coming decade.
Data center developers are turning to bespoke natural-gas power plants, a development that promises to dramatically increase carbon emissions and make it harder for US technology companies to meet their lofty climate goals.
📈 Follow our live markets data and coverage. If there’s any business for which changing course really is like turning around a supertanker, it’s Big Oil. At the beginning of this year, the Western world’s five large, integrated energy companies were talking about things like “structural cost efficiencies,” “consistent delivery” and “superior shareholder returns, despite declining oil prices.”
Brazil's Petrobras beat Q2 estimates as record production, stronger exports and higher Brent pricing lifted earnings, revenues and cash flow.
We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
