Chevron Corp
Chevron could outperform Exxon if battle over Guyana assets is resolved this year, fund manager says
Exxon Mobil and Chevron ‘s fight over lucrative offshore oil assets in Guyana could ultimately determine which of the two stocks end up on top this year, said Kevin Holt, senior portfolio manager of the Invesco Energy Fund (FSTEX). The U.S. oil majors have bounced back in 2024 as worries about a recession and weak […]
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Wells Fargo CEO talks up reasons to love the stock — plus, what’s behind the market drop
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market pressure : The major stock benchmarks were moving lower Wednesday, with the Dow getting the worst of it again. Adding pressure on equities, bond yields […]
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ConocoPhillips to acquire Marathon Oil in $17.1 billion all-inventory deal that bolsters shale property
ConocoPhillips Chairman & CEO Ryan Lance speaks all through the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | AFP | Getty Photos ConocoPhillips agreed on Wednesday to get Marathon Oil in an all-inventory transaction really worth $17.1 billion that would bolster the company’s shale property as the broader oil and […]
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Hess shareholders to vote on Chevron deal as dispute with Exxon in excess of Guyana belongings produces uncertainty
Jaap Arriens | Nurphoto | Getty Images Hess shareholders will vote Tuesday on the New York-headquartered oil company’s pending acquisition by Chevron for $53 billion, as the timeline for when the deal may perhaps shut has develop into significantly murky with the businesses locked in a dispute with Exxon Mobil. The pending deal is in […]
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Texas Republicans confab hints at how GOP separation with company America could perform out
Texas Governor Greg Abbott and former President Donald J. Trump go to a protection briefing with state officials and legislation enforcement at the Weslaco Department of Community Safety DPS Headquarters prior to touring the US-Mexico border wall on Wednesday, June 30, 2021 in Weslaco, TX. Jabin Botsford | The Washington Post | Getty Images Abraham […]
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Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it’s insurer Chubb. His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. The […]
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Residence Democrat presses oil CEOs for information of Trump’s fundraising meal at Mar-a-Lago
Rep. Jamie Raskin (D-MD) speaks throughout a Household Committee on Oversight and Accountability listening to on Capitol Hill in Washington, DC, on September 28, 2023. Mandel Ngan | AFP | Getty Visuals The Property Oversight Committee’s top Democrat questioned oil executives to reveal whether or not former President Donald Trump had proposed a “quid-professional-quo” arrangement […]
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Oil rates increase immediately after Netanyahu dismisses Hamas stop-fireplace offer as ‘sabotage’
Hundreds of Palestinians, including women of all ages and kids living in east component of Rafah, migrate to the west part of the Khan Yunis with their couple possessions loaded on motor vehicles pursuing the Israel’s announcement on the evacuation of neighborhoods, in Khan Yunis, Gaza on May well 6, 2024. Ashraf Amra | Anadolu […]
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Exxon CEO says dispute with Chevron more than Hess Guyana oil belongings could drag into 2025
Darren Woods, chairman and chief govt officer of Exxon Mobil Corp, speaks for the duration of the 2024 CERAWeek by S&P Worldwide conference in Houston, Texas, US, on Monday, March 18, 2024. F. Carter Smith | Bloomberg | Getty Pictures Exxon CEO Darren Woods said Monday that the dispute with Chevron in excess of Hess […]
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Chevron CEO suggests natural fuel demand from customers will outpace expectations on information heart electricity desires
Pure fuel demand will most likely outpace expectations as electricity use surges from artificial intelligence and knowledge centers, Chevron CEO Mike Wirth told CNBC on Monday. “It’s a minimal challenging to quantify ideal now because this is evolving so speedily on the AI aspect,” Wirth instructed CNBC’s Sara Eisen at the Milken Institute’s International Conference […]
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