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Crude oil prices tumbled Tuesday morning after OPEC cut its global oil demand forecast for 2024 to about 2 million barrels per day (BPD), or roughly 80,000 BPD lower than its previous forecast ...
Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), and BP ...
Exxon Mobil Corporation (NYSE:XOM) shares are trading higher today. The oil giant anticipates changes in oil prices to reduce third-quarter upstream earnings Q/Q by $(1.0) billion to $(0.6) billion.
Today: The S&P 500 index closed above 6,000 points yesterday after giving up some gains and is now up 0.65% on the month, having regained most of the losses it saw immediately before Christmas ...
Exxon stock was down 4%, while Chevron's declined roughly 1% in mid-morning trading. Natural gas prices plummeted this past year, down roughly 34% year to date. But oil majors could benefit from ...
Exxon Mobil's fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California ...
Despite sluggish energy prices and the broader sector taking a back seat to the excitement in high-growth technology companies, shares of Exxon are up 20% thus far in 2024 and near its all-time high.
Exxon’s $60 billion deal to buy Pioneer and Chevron’s $53 billion tie up with Hess sends a clear message to investors — the world may be shifting to clean energy but big oil is doubling down ...
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