Chevron Corp
Jim Cramer’s top 10 things to watch in the stock market Thursday
My top 10 things to watch Thursday, Feb. 19 1. Stock futures pointed to a lower open this morning on the heels of Walmart’s disappointing earnings outlook. Tensions between the U.S. and Iran are also in focus. Oil prices rose more than 1% to extend yesterday’s big gains, with Brent crude trading above $71 a […]
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Venezuela oil sales top $1 billion, funds won’t go to Qatar account anymore, Energy secretary says
Venezuela’s interim President Delcy Rodríguez and U.S. Energy Secretary Chris Wright speak with the media after attending a meeting, marking the highest-level U.S. visit focused on energy policy to the OPEC nation in nearly three decades, as Washington conducts its first on-the-ground assessment of the oil industry it aims to help rebuild, in Caracas, Venezuela, […]
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Chevron signs initial exploration deal for Syrian waters with Qatari firm, Reuters reports
The logo of Chevron is seen at the company’s office in Caracas, Venezuela April 25, 2018. Marco Bello | Reuters Chevron has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate the exploration for oil and gas offshore Syria, a spokesperson for […]
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Oil giants brace for a bruising earnings season — with shareholder returns at risk
The BP refinery in Lingen, Germany (aerial view with a drone). Picture Alliance | Picture Alliance | Getty Images European energy giants face some tough choices this earnings season, with shareholder payouts seen at risk as they look to cut costs amid lower crude prices. Western oil and gas majors have long sought to keep […]
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Chevron CEO says Venezuela is taking positive steps to protect private oil investment
Chevron CEO Mike Wirth said Friday that Venezuela has taken positive steps to protect investment by private oil companies since the Trump administration captured former President Nicolás Maduro. Venezuela on Thursday passed reforms to its hydrocarbon law that ease state control of the oil industry and grants private producers more autonomy. Wirth said Chevron is […]
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Exxon CEO says Venezuela needs to transition to democracy for oil investment to make sense
Exxon Mobil CEO Darren Woods said Friday that Venezuela needs to transition to democracy in order for investment in the South American nation’s dilapidated oil industry to make sense. President Donald Trump is pressuring oil companies to invest at least $100 billion in Venezuela to rebuild the country’s oil industry after the U.S. captured former […]
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Stocks making the biggest moves premarket: Apple, Chevron, KLA, Sandisk & more
Check out the companies making the biggest moves premarket: Apple — Shares fell 0.6% even after after the company posted blowout fiscal first-quarter results , with notably strong revenue from its iPhone 17 models released in September. Apple earned $2.84 per share for the quarter, higher than the $2.67 per share expected by analysts surveyed […]
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Libya to sign 25-year oil deal with TotalEnergies and ConocoPhillips
A view of the pipelines at Zueitina oil terminal, in west of Benghazi, Libya February 3, 2020. Picture taken February 3, 2020. Esam Omran Al-fetori | Reuters Libya will sign a 25-year oil development agreement on Saturday with France’s TotalEnergies and U.S.-based ConocoPhillips, involving more than $20 billion in foreign-financed investment, Prime Minister Abdulhamid al-Dbeibah […]
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The ‘sell America’ trade, Trump arrives in Davos, Netflix earnings and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Or maybe not, if you held U.S. assets amid yesterday’s sell-off. S&P 500 futures are little changed this morning. The three major indexes are coming off their worst day in months. Here are five key things investors need to know […]
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Exxon Mobil hit a record after Trump threatened to cut it out of Venezuela — here’s why
Exxon Mobil hit record highs this week after rubbing President Donald Trump the wrong way at a White House meeting on investment in Venezuela. Trump said Sunday he is inclined ” to keep Exxon out ” of Venezuela, after CEO Darren Woods told the president that the South American nation is ” uninvestable .” Exxon’s […]
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