Exxon Mobil in Advanced Talks to Acquire Pioneer Natural Resources for $60 Billion
A filing with the SEC shows that Exxon Mobil’s third-quarter earnings received a major boost from the high crude oil prices
Siemens Reported Impressive Q1 2023 Revenue, Raises Estimates
The impressive revenue and profit report by Siemens is proof that legacy companies are seeing a return to normalcy around the world.
Increased Call for Higher Taxation Rises as Energy Giants Rake in Billions in Profit
The humongous earnings from these oil giants have been criticized by a lot of activists including Amnesty International and Global Witness.
British Oil Giant BP Doubles Profit in Latest Prove of Oil Boom, Sees Biggest Profit in 114-year History
BP apparently saw significant growth across its top and bottom lines. The oil giant said its net debt in the fourth quarter was reduced from $30.6 billion to $21.4 billion.
Shell Posts Highest Ever Profit Haul of $40B for Full-year 2022 on Backs of Surging Oil Prices & Demand
By Tolu Ajiboye
Oil and gas major Shell recently reported its highest-ever profit inflow of approximately $40 billion for 2022.
Saudi Aramco Beats Revenue Expectations in Q3 2022 Earnings Report
By Tolu Ajiboye
Middle Eastern oil giant Saudi Aramco projects oil demand to further rise following a commendable Q3 2022 report.
US Stock Indices Rally for Fourth Consecutive Day, Have Markets Bottomed?
Over the last week’s trading sessions, US stocks are showing a good uptick. Analysts think that the drop in the flow of negative news has helped the market to revive its lost grounds.
Tesla Moved Out of S&P 500 ESG Index, Elon Musk Lashes Out as Exxon Tops Chart
Musk said that the S&P Globals Ratings have lost their integrity while calling the entire ESG thing a scam.
Shell Reveals Q1 2022 Financial Report, Thrives on Soaring Commodity Prices
By Tolu Ajiboye
British oil and gas multinational Shell posted its Q1 2022 earnings report on Thursday which benefited from the soaring profits seen across the oil and gas industry.
BP Reports 8-Year High Profits for 2021 Due to Rebounding Oil and Gas Prices
Following significant losses in 2020, BP saw massive profits in 2021, recording an annual of $12.85 billion.
S&P 500 Hits Another Record High as US and China Resume Trade Talks
The tech sector continues to take the markets ahead as indices hit new highs. The U.S. and China have resumed the phase one of the trade talks as the two giant economies plan to come to common grounds with their trade settlements.
CRM Stock Up 13% After Hours, Salesforce Reports Q2 2020 Earnings, Set to Replace Exxon Mobil on Dow Jones
Salesforce’s revenue for Q2 2020 jumped 29% beating Street expectations by a good margin. The company has set a new revenue target for fiscal 2021 as it prepares to make an entry at the Dow Jones replacing Exxon Mobil.
Amgen, Salesforce and Honeywell to Join Dow Jones in Major Shakedown
The shares of Salesforce.com, Amgen and Honeywell will replace those of Exxon Mobil, Pfizer and Raytheon Technologies respectively in Dow Jones 30 stock listed. The implementation will become effective before the start of trading on August 31.
Tesla (TSLA) Stock Hit Record $2,000, Its Valuation Tops ExxonMobil, Royal Dutch Shell, BP Combined
By Darya Rudz
The rapid growth of TSLA shares has led to an increase in the Tesla value that currently makes up $382.04 billion. Now both analysts and investors believe the best days for Tesla are still ahead.
XOM Stock Down 0.86%, Exxon Mobil Reports Advancement in CO2 Capture Technologies
Exxon Mobil (XOM) discovered a new material that enhances carbon capture technology, XOM stock is slightly down during the trading session.