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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 ...
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 ...
Exxon Mobil rose 1.7% and Chevron gained 1.2%. VeriSign rose 0.9% after Warren Buffett's Berkshire Hathaway disclosed it had increased its stake in the internet domain registry services company.
Falling oil prices mean cheap oil stocks. But one of these stocks is cheaper than the others.
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.
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Exxon Mobil added 0.9% and was one of the strongest forces pushing upward on the S&P 500, while Valero Energy climbed 2.4%. All told, the S&P 500 slipped 11.99 points to 5,780.05.
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