Pioneer Natural Resources Co
Exxon beats earnings anticipations even as decreased oil selling prices weigh on revenue
An Exxon Mobil fuel station in Washington, DC, US, on Tuesday, Nov. 28, 203. Bloomberg | Bloomberg | Getty Photos Exxon Mobil reported quarterly earnings that defeat Wall Street’s expectations, but the firm’s gain declined significantly from exact same period the yr prior as oil selling prices weakened. Exxon declared a dividend for the initially […]
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Occidental Petroleum to acquire Permian producer CrownRock for $12 billion, elevate dividend
Occidental Petroleum Jay L. Clendenin | Los Angeles Instances | Getty Images Occidental Petroleum has agreed to obtain CrownRock, a important privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is most current in a spate of consolidation in the U.S .strength sector, particularly in the Permian, the greatest […]
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Australia electricity giants Woodside and Santos in talks to make $52 billion gasoline powerhouse
Bloomberg/Contributor | Bloomberg | Getty Photographs Shares of Australia’s Santos jumped to a five-week large on Friday on news the enterprise is in talks to merge with Woodside Electrical power. Santos and Woodside Vitality, two of Australia’s premier oil and fuel producers, have opened talks to explore a likely merger in what could produce an […]
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We had a busy week of trades in an oversold market. Here’s the day-by-day breakdown
Elevated bond yields and geopolitical uncertainty continued to be negative for stocks this week as the overall market moved into oversold territory. However, that set us up to put cash to work and make four small buys as our discipline mandates. We also upgraded one of our tech giants after it reported a stellar quarter […]
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Chevron and Exxon’s hottest purchases could usher in a new era of oil megamergers
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Vitality heavyweights Chevron and Exxon Mobil announced shiny new acquisitions this thirty day period — and some business watchers say it could be the begin of additional multibillion megadeals to come. Chevron on Monday explained it truly is acquiring Hess for $53 billion in […]
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Why Exxon and Chevron are doubling down on fossil gasoline electricity with major acquisitions
Selling prices at a Chevron Corp. fuel station in Fontana, California, on Thursday, July 8, 2021. Kyle Grillot | Bloomberg | Getty Visuals On Monday, Chevron introduced plans to purchase oil and gasoline business Hess for $53 billion in inventory. Fewer than two weeks prior, Exxon Mobil announced it is buying oil company Pioneer Organic […]
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CNBC Day by day Open up: Oil deals ahead of Large Tech earnings
Omar Marques | Lightrocket | Getty Photographs This report is from today’s CNBC Day-to-day Open up, our new, international markets publication. CNBC Day-to-day Open up delivers buyers up to speed on almost everything they need to know, no subject where by they are. Like what you see? You can subscribe right here. What you need to […]
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Chevron to buy Hess Corp for $53 billion in 2nd oil mega-merger in months
John Hess, CEO of Hess Corporation David Orrell | CNBC Chevron said on Monday it agreed to purchase Hess for $53 billion in stock, the 2nd proposed mega-merger amid the most important U.S. oil players after Exxon Mobil bid $60 billion for Pioneer Pure Methods before this thirty day period. The proposed deal raises the […]
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Higher charges may not threaten these shares that generate cash and have small credit card debt
Larger curiosity charges could include downward stress to shares on Wall Road. The benchmark 10-year Treasury generate achieved one more milestone Thursday, climbing as high as 4.98%, its best level considering that 2007. Yields have risen for four days in a row and have added about 40 foundation details in Oct on your own. A […]
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Monthly Meeting Q&A with Jim Cramer on everything from tech to health care to industrials
During the October Monthly Meeting , we took questions directly from Investing Club members. Here are Jim Cramer’s and portfolio director Jeff Marks’ responses. Their answers have been edited for clarity. 1. Why do rising interest rates have such a negative effect on technology stocks? (Rod) Jim Cramer: When the Federal Reserve started raising rates, […]
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