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Energy stocks declined late Monday afternoon, with the NYSE Energy Sector Index and the State Street
Oil dropped approximately 5% after planned U.S. strikes on Iran were canceled in favor of potential negotiations.
Energy stocks declined Monday afternoon, with the NYSE Energy Sector Index falling 1.2% and the Stat
Energy stocks were falling pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE
Reports that U.S.-Iran negotiations would begin Monday eased fears of prolonged supply disruptions, sending crude prices sharply lower.
Shell agreed to sell its BG Cyprus unit, holder of a 35% stake in the Aphrodite gas field, to Hungary's MOL Group for $720 million.
US oil giants are set to report blowout profits Friday at a time when lofty gasoline prices are stressing consumers and exacerbating President Donald Trump's worries about upcoming midterm elections.Lowering gasoline prices before November is high on Trump's priority list, prompting numerous White House meetings, according to US media reports.
Exxon Mobil's (XOM) stock offers limited upside potential amid ongoing geopolitical concerns, while
The oil price trend wasn't a friend to the massive American oil company.
Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index falling 2.2% and t
Cooling off tensions in Iran, Q2 earnings and a new mega-memory chip play out of China buoy markets this morning.
Investing.com -- Shares in oil and gas producers across the U.S. and Europe fell sharply after the U.S. military halted two weeks of strikes on Iran, with Tehran signaling it would suspend its own attacks as long as the pause holds, easing fears of a broader Middle East escalation and dragging crude prices lower.
The conflict in the Middle East is raging again, which highlights an important fact that energy investors ignore at their own risk.
Wall Street stocks looked set for a weaker open on Wednesday as investors lock in profits in technology stocks ahead of crucial earnings from Google owner Alphabet and Tesla, while escalating tensions in the Middle East push oil prices to six-week highs. Dow Jones futures were down 0.2%,...
The United States has been quietly draining its emergency oil stockpile at a record pace, and one analyst says the moment it runs dry could trigger a price shock the market is not prepared for.
Chevron (NYSE:CVX) is cutting 9,000 jobs even as it reports record oil production. The company cites increased automation and changing investor priorities as key drivers of the move. The restructuring focuses on reducing costs and reshaping Chevron’s global workforce. Chevron is a major integrated energy company with operations that span upstream production, refining, and related services. The decision to cut 9,000 jobs during a period of record oil output highlights how automation and new...

US equities (^DJI, ^IXIC, ^GSPC) closed Friday's session in negative territory — led by the Nasdaq Composite's 1.4% drop — all three of the market indexes seeing weekly losses amid the recent sell-off in semiconductor stocks. Yahoo Finance Markets and Data Editor Jared Blikre examines the day's market moves, taking a closer look at the losses in semiconductor stocks and the gains seen across the software landscape.
(Updates with index/price moves and company/geopolitical news from the first paragraph.) US equit
US stocks are set for a weaker start to the week after last week finished on a positive note, with technology shares expected to come under the most pressure as investors balanced renewed geopolitical tensions against a busy week for inflation data and the start of bank earnings...
Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index falling 1.2% and
Energy stocks were lower Thursday afternoon, with the NYSE Energy Sector Index falling 1.1% and the
Chevron (NYSE:CVX) is positioned for record profit potential as oil prices rise sharply following renewed U.S. Iran conflict. The U.S. government accuses major oil companies of price gouging and has directed the Department of Justice to open an investigation. Heightened political scrutiny is emerging at the same time that Chevron and its peers may see stronger earnings from higher crude prices. Chevron is one of the largest integrated energy companies, with operations that span crude oil...
Situated approximately 360km south of New Orleans, Louisiana, US, the Big Foot field operates at a water depth of around 1,600m.