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4 mins read
The Supreme Court discards Chevron doctrine, unleashing a threat to Biden's climate policies
The Supreme Court curtailed the federal government's power to regulate the environment.
Catherine Boudreau
1 min read
The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says
Demand for crude is set to climb through 2034, as major oil producers pull back on spending, Goldm…
Jennifer Sor
1 min read
The US oil boom helps ExxonMobil and Chevron notch their second-biggest profits in a decade
ExxonMobil and Chevron notched $36 billion and $21.4 billion for their fourth-quarter profits respe…
Aruni Soni
5 mins read
We have more insights as to where the economy is headed — and it's not good
Inflation rearing its ugly head again proved problematic for the market.
Dan DeFrancesco
3 mins read
Warren Buffett swapped cash for bonds, sold a chunk of Chevron, and sped up buybacks in October. Here are 3 tasty nuggets from Berkshire Hathaway's earnings.
Warren Buffett said investors have to "look pretty hard" to unearth the hidden gems in Berkshire's …
Theron Mohamed
1 min read
Oil prices are on track to hit $100 a barrel, but the economy can handle it, Chevron CEO says
"I think the underlying drivers of the economy in the US and frankly globally remain pretty healthy…
Matthew Fox
2 mins read
Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter
Israeli natural gas from the Tamar offshore gas platform is exported to Egypt where it is turned in…
Huileng Tan
3 mins read
A wave of M&A means the US oil-production boom may be over
Public and private firms have very different financial priorities. For the US oil industry this yea…
Aruni Soni
2 mins read
Warren Buffett's Berkshire Hathaway reveals it sold about $6 billion of Chevron stock last quarter
Warren Buffett's company cashed in an estimated $6 billion of Chevron shares, or 20% of its stake i…
Theron Mohamed
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…
Filip De Mott
1 min read
Elite investor David Einhorn warns of bubble-level hype around the hottest stocks - and teases a mystery bet
Greenlight Capital's David Einhorn said the buzz around the most speculative stocks hit dangerous h…
Theron Mohamed
2 mins read
Chevron is catching heat for tripling its stock buyback to $75 billion as soaring energy prices led to record profits
The buyback is so big, that at Chevron's current stock price, it would retire about 20% of the comp…
Matthew Fox
1 min read
US oil giants Exxon and Chevron are poised to reap $100 billion total profit bonanza from Russia's war on Ukraine
Exxon is expected to rake in more than $56 billion in yearly profits while Chevron is projected to …
Zahra Tayeb
1 min read
Mergers and acquisitions tumble more than 30% to fall short of $3 trillion for the first time in 10 years
Fresh uncertainty from the Middle East conflict and high interest rates have pinched the dealmaking…
Aruni Soni
2 mins read
Warren Buffett's Berkshire Hathaway continues its buying spree, spending $122 million to boost its Occidental Petroleum stake to nearly 20%
Buffett's company has scooped up 182 million Occidental shares worth nearly $11 billion this year, …
Theron Mohamed
3 mins read
The oil industry's mega-merger spree and a US production boom point to strong crude demand for years to come
More consolidation of the oil industry appears inevitable, sources say, and $100 billion in deals p…
Phil Rosen
2 mins read
Guyana has the fastest growing offshore oil development 'in the history of the world,' energy expert says
Major international oil companies like Exxon Mobil and Chevron have increased their footprint in th…
Aruni Soni
2 mins read
US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
US oil companies are boosting their budgets, and production forecasts indicate new record highs in …
Aruni Soni
3 mins read
Warren Buffett may help Occidental Petroleum pay for a potential $10 billion takeover. Here's what's fueling the speculation.
Buffett-backed Occidental is reportedly among the top bidders for CrownRock, raising the prospect i…
Theron Mohamed
2 mins read
Here's how much Warren Buffett's Berkshire Hathaway has lagged tech stocks over the last 20 years
"Aside from well-publicized positions like Apple and BYD, Berkshire Hathaway tends to allocate capi…