"They're going to give some of that back to the public, and they better cut the retail price," President Donald Trump says when asked about the profits of ExxonMobil and Chevron during remarks with reporters at the White House.
Notícias
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The Energy sector is reporting the highest earnings growth clip of all 11 market sectors at 128.2% Y/Y, well above the S&P 500 average at 37.9%
Trump is furious at the oil companies profiting from a war his own administration is fighting, and now a DOJ probe and a possible export ban are putting billions in quarterly earnings directly in the crosshairs.
The demand lands as refining profits and geopolitical ambitions rise
Small-cap oil stock Forum Energy Technologies broke out on Monday after blowout second-quarter earnings. Most oil stocks fell with crude prices, though many of them are eyeing buy points in a busy week of earnings for the oil and gas sector.
(Bloomberg) -- President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. for their soaring profits, as oil prices surged amid the war in Iran he launched in February alongside Israel. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Beer Dynasty Families Sell €731 Million Stake in AB InBevIran Says Hormuz Talks Ongoing After Trump Calls Off StrikesStocks, Bonds Rise as US-Iran Hopes Spur Oil Dr
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
Gas is topping $4 a gallon and Trump has a clear target in mind, but the real culprit behind surging pump prices has nothing to do with Chevron's boardroom decisions.
Hess Midstream Partners (NYSE:HESM) reported higher second-quarter net income and adjusted EBITDA, supported by lower operating expenses and general and administrative savings, while reaffirming its full-year financial outlook and plans for shareholder returns and debt reduction. Net income for the
Investing.com -- President Donald Trump criticized oil companies on Monday and demanded they reduce gasoline prices for American consumers.
(Bloomberg) -- President Donald Trump criticized Chevron Corp. Chief Executive Officer Mike Wirth for failing to mention his administration’s pro-fossil fuel policies in an interview with Fox Business Network and called on oil companies to bring pump prices “DOWN, NOW!” Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Saudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosStocks, Bonds Rise as US-Iran Hopes
President Trump has taken to Truth Social to lambast Chevron CEO Mike Wirth, blaming oil companies for gasoline prices, which remain above $4 a gallon. Reacting to Wirth's appearance on Fox News with Maria Bartiromo, Trump said the CEO hadn't credited his administration for the oil industry's good fortunes.
Chevron's Q2 call spotlights early cost cuts, lower capital spending and repeatable power projects alongside global upstream growth options.
Energy stocks were falling pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE
The two seemingly similar energy giants have a few discernible differences, but there's really only one difference that matters to income-growth-seeking investors.
Stock Market Today: The Dow Jones index rallied 600 points Monday after Trump called off new U.S. strikes on Iran. Oil prices plunged.
Chevron Products Company, a division of Chevron U. S.
Reports that U.S.-Iran negotiations would begin Monday eased fears of prolonged supply disruptions, sending crude prices sharply lower.
Oil producers ended July with more cash than they expected. Thanks to the on-again-off-again war between the U.S. and Iran, oil prices are beginning August about 25% higher than they were a month ago. “At the moment, most companies are really playing a bit of a wait-and-see approach, letting cash either accumulate on the balance sheet or paying down net debt,” Tom Ellacott, senior vice president of corporate research at Wood Mackenzie, told Barron’s.
The Oracle of Omaha's understudy cut Berkshire Hathaway's Chevron stake by 35% in favor of a company with a foundational sustainable moat and serious artificial intelligence (AI) ambitions.
ExxonMobil leads this list of reliable dividend stocks, offering investors yields of up to 5.7%.
Chevron CEO Mike Wirth says the oil company is in discussions with Iraq about potentially entering one or two oil fields there, including a framework that would allow the construction of a pipeline to get around the Strait of Hormuz. Wirth told Fox News' Sunday Morning Futures that the discussions involve a pipeline that would traverse north and then move to the Mediterranean Sea, creating "a pathway for that production to get to market" without dealing with the Strait of Hormuz. Wirth said Chevron's production was up 20% in the second quarter, and up 5% just since the first quarter to the second quarter.
The geopolitical conflict in the Middle East is raging again, leaving investors in an uncertain position... again.
Chevron, NYSE:CVX, has warned that fuel prices could stay elevated due to a shortage of global refining capacity. The company highlighted that ongoing conflicts involving Russia and the Middle East are contributing to disruptions in refined product supply. Management expects these supply pressures to keep product prices under upward pressure for an extended period. Chevron enters this period of tighter fuel markets with its share price at $196.83. The stock is up 26.3% year to date and...
In a CNBC interview, the oil executive explained the disconnect between crude oil and gasoline prices.
Chevron boasts an impressive track record of rewarding shareholders with a growing dividend payout.
(Bloomberg) -- High fuel prices are likely to stick around even if oil prices drop in the coming months as the wars in Russia and Middle East leave global refining capacity critically short, ExxonMobil Holdings Corp. and Chevron Corp. warned. Most Read from BloombergSingapore's Gated Island for the Rich Is Marred by Decayed HomesMoonshot’s Kimi Uses 20,000 Nvidia Chip Cluster From AlibabaTrump Orders Iran Attack as Soon as This Weekend, WSJ SaysIndia’s Family Offices Embrace Profit-Sharing to At
Chevron delivered gushing free cash flow in the second quarter.