Exxon Mobil Corp
This ETF strategy may help investors skirt market concentration risk
Investors worried about concentration risk in the market may want to consider value-oriented investments. Avantis Investors chief investment strategist Phil McInnis suggests taking a more diversified approach than simply looking at index funds such as the S&P 500. He thinks his firm’s exchange-traded fund strategy can provide better returns in the long run, emphasizing companies […]
Read More
Dimon, Fraser and Moynihan will attend private Trump CEO meeting — some others will skip
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski | AFP | Getty Images […]
Read More
Former IRS staff charged in $2.1 million Exxon Mobil tax credit rating theft endeavor in Utah
Chip Somodevilla | Getty Visuals Information | Getty Illustrations or photos A former IRS worker was billed in Utah federal court for allegedly trying to steal $2.1 million in tax credits owed to Exxon Mobil by diverting the funds employing a taxpayer database he had entry to. Prosecutors explained Wednesday that previous IRS account administration […]
Read More
Stocks making the biggest moves midday: Bath & Body Works, Carnival, GameStop and more
Check out the companies making headlines in midday trading: Bath & Body Works — Shares of Bath & Body Works sank 14% and headed for their worst day since 2021. The retailer beat first-quarter earnings and revenue estimates but offered disappointing second-quarter guidance. Bath & Body Works expects earnings to range between 31 cents and […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Exxon faces opposition from CalPERS following ‘devastating’ anti-ESG activist match
ExxonMobil CEO Darren Woods speaks through the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Illustrations or photos Exxon Mobil‘s monthslong battle with two environmentally targeted activist investors has value the company the assist of the California Community Employees’ Retirement Program. CalPERS, a $484 billion […]
Read More
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 […]
Read More
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 […]
Read More