Chevron Corp
Amazon’s earnings rally, Netflix’s stock split, chocolate inflation and more in Morning Squawk
A customer holds up the new orange-colored iPhone 17 Pro Max smartphone inside an Apple retail store in Chongqing, China, on September 19, 2025. Cheng Xin | Getty Images News | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know […]
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Oil giant Shell launches another $3.5 billion share buyback as profit beats expectations
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Thursday reported stronger-than-expected third-quarter profit, citing robust operational performance and higher trading contributions. Shell posted adjusted earnings of $5.4 billion for the quarter, beating analyst expectations of […]
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Iraq signs deal with Exxon to help develop large oilfield
A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq. Essam Al-Sudani | Reuters Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to the […]
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Massive fire breaks out at Chevron oil refinery in California
An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Thursday, Oct. 2, 2025. Allen J. Schaben | Los Angeles Times | Getty Images A huge fire broke out on Thursday night at a Chevron oil refinery in California, one of the largest […]
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Oil companies slash jobs by the thousands as prices fall, tariffs rise and industry consolidates
Shotbydave | E+ | Getty Images U.S. oil companies are cutting jobs by the thousands as they respond to falling crude prices, higher tariffs, and a wave consolidation in the industry. President Donald Trump promised boom times for oil and gas when he took office in January. Instead, the industry has shed 4,000 positions through […]
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Oil giant BP quietly steps out of the takeover spotlight
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images Five months ago, British energy major BP was firmly in the spotlight as a prime takeover candidate. Now, not so much. Shares of the London-listed oil giant have climbed more […]
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Energy supermajors are betting big on LNG, shrugging off peak gas predictions
Oil majors are betting big on liquified natural gas (LNG), throwing down the gauntlet to predictions of peak gas by the end of the decade. Britain’s Shell , a leading player in the global LNG market, has identified the super-cooled commodity as a primary focus amid the energy transition. France’s TotalEnergies said it expects LNG […]
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Top Wall Street analysts recommend these dividend stocks for steady income
The Chevron logo is seen at a gas station on July 18, 2025 in Austin, Texas. Brandon Bell | Getty Images The Trump administration’s fluctuating trade policies add uncertainty into the economy, but investors seeking stable income can look at dividend stocks to bolster their portfolios. To this end, the recommendations of top Wall Street […]
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Saudi Aramco posts revenue drop ahead of projected demand hike in second half
Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Images Saudi Aramco on Tuesday posted a drop […]
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Chevron profit hit by low crude oil prices and loss from Hess acquisition
Chevron on Friday reported second-quarter earnings that took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation. The oil major’s net income declined about 44% to $2.49 billion, or $1.45 per share, from $4.43 billion, or $2.43 per share, in the same period last year. Chevron booked […]
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