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…
Exxon (XOM) Q4 earnings report 2023
An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203. Bloomberg | Bloomberg | Getty Images Exxon Mobil reported quarterly earnings that beat Wall Street’s expectations,…
These 3 energy stocks offer the most upside in oil sector this year, Bank of America says
Energy investors will have a tough time navigating the market in 2024 with oil expected to remain volatile on geopolitical risks in Ukraine and the Middle East as well as…
What investors can expect from crude prices, and how to play it
Better times may be ahead for energy investors after this year’s declines opened major investment opportunities, and oil prices rebound. West Texas Intermediate futures are down about 7% in 2023.…
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
Pavlo Gonchar | LightRocket | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The…
Energy stocks close to a feared death cross as crude oil tumbles
Several large oil and gas companies are close to sending bearish signals to investors in the form of the dreaded ” death cross ” trading pattern. A stock price makes…
Australia oil and gas producers Woodside and Santos in merger talks
Bloomberg/Contributor | Bloomberg | Getty Images Shares of Australia’s Santos jumped to a five-week high on Friday on news the company is in talks to merge with Woodside Energy. Santos…
Exxon CEO dismisses worries FTC could hold up Pioneer deal
Darren Wood, CEO of Exxon Mobil, speaking on CNBC’s Squawk on the Street on Dec. 7th, 2023. CNBC Exxon Mobil CEO Darren Woods on Thursday dismissed worries that the Federal…
The top 10 things to watch in the stock market Wednesday
The 10 things to watch Wednesday, Dec. 6 1. U.S. stocks are higher in premarket trading Wednesday, with S & P 500 futures up 0.45% after back-to-back days of losses.…
Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes
Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters Exxon Mobil said Wednesday its expects earnings to more than double through 2027 relative to…