Energy, the new momentum trade? Why its strong gains can increase from here
The energy sector has pulled up from behind to overtake nearly every other sector of the market this year and may still have room to advance, according to analysts. Energy…
Big oil is racing to scale up carbon capture to slash emissions
A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie…
Energy might be the ‘story of the summer,’ one CIO says
Energy could be a hot trade this summer, according to Robert Schein, chief investment officer at Blanke Schein Wealth Management. A supply crunch perpetuated by geopolitical conflicts and shipping disruptions…
Big Oil’s green-bashing at Texas energy conference stokes backlash
Saudi Aramco President & CEO Amin Nasser speaks during the CERAWeek oil summit in Houston, Texas, on March 18, 2024. Mark Felix | Afp | Getty Images Top oil executives…
Exxon is not trying to acquire Hess in dispute with Chevron, CEO says
HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren Woods said Monday. When asked directly,…
Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute
Mike Wirth, CEO of Chevron and John Hess, CEO of Hess, appear on CNBC to speak about Chevron’s deal to buy Hess Corp for $53 billion all-stock deal, on the…
Exxon could make a bid for Hess’ oil assets in Guyana if Chevron deal terminates
An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Al Drago | Bloomberg | Getty Images Exxon Mobil indicated Wednesday it could make a bid…
HES shares drop as fight with XOM over Guyana oil threatens Chevron takeover
Hess Corp shares fell Tuesday after Chevron warned investors that a dispute with Exxon Mobil and China’s National Offshore Oil Corp. (Cnooc) over Guyana’s offshore oil assets could jeopardize its…
These oil stocks could be the next takeover targets in Permian Basin
The oil industry is fighting to cash in on limited land in the resource-rich Permian Basin but the acquisition targets are dwindling after a series of major deals over the…
Apple, Intel, Amazon and more
Check out the companies making headlines in midday trading. Meta Platforms — The Facebook and Instagram parent soared 20.3% after reporting a threefold rise in fourth-quarter profit and declaring its…