The producer group agreed to boost output by 411,000 barrels per day in May, compared to a 135,000 bpd hike expected earlier.
Fitch Ratings said in a note that the tariffs are raising the dangers of an economic recession in much of the world.
Following the crowd has been disparaged quite a bit in the past. But sometimes the crowd knows what it's doing. Going in the same direction in those cases is wise.
The report said Chevron CEO Mike Wirth discussed a possible extension during a meeting on Wednesday with President Donald Trump.
One of the great things about investing in exchange-traded funds (ETFs) is that they provide instant diversification across a market or sector. Many hold 100 or more stocks. That diversification helps...
The activist investor’s nominees include John Pike, who is leading the campaign, as well as former executives at ConocoPhillips and Exxon Mobil.
According to multiple media reports, the group would raise production by 138,000 barrels per day in April.
Its free cash flow fell to $1.28 billion from $1.48 billion in the year-ago quarter.
The U.S. President said the decision was taken partly because Venezuelan President Nicholas Maduro failed to meet the agreement’s electoral conditions.
US oil prices (USO) steadied in the $60s this morning after starting the session at their lowest in two months, as declining crude inventories provided a counterbalance to a gloomy economic outlook. Despite...
The company said the workforce reduction would begin in 2025 and be mostly complete before the end of 2026.
On Monday, the Wall Street Journal reported that Elliott would push the company to sell or spin off its midstream business.
According to TheFly, Raymond James reduced the price target of the oil producer’s stock to $124 from $157.
On an adjusted basis, the company reported a net income of $2.4 billion, or $1.98 per share, for the three months ended Dec. 31, compared with a Wall Street estimate of $1.83 per share.
According to FinChat data, the company reported fourth-quarter revenue of $83.42 billion, compared with the average analysts’ estimate of $87.20 billion.
The refiner reported fourth-quarter net earnings of $8 million, or $0.01 per share, compared with $346 million, or $0.82 per share in profit, last year.
On an adjusted basis, the company reported earnings of $0.70 per share during the fourth quarter, topping the average analysts’ estimate of $0.63 per share.
On an adjusted basis, the company reported earnings of $2.06 per share for the fourth quarter, compared with the average analysts’ estimate of $2.11 per share.
According to FinChat data, Wall Street expects the company to report fourth-quarter (Q4) earnings per share of $1.55 and revenue of $87.2 billion.
Excluding items, the company reported adjusted earnings of $0.64 per share for the fourth quarter, compared with the market estimate of $0.06 per share.