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1 min read
Tesla, Charles Schwab and now Chevron. Texas is having a moment as companies leave California.
Still, it's important to note that California is no slouch. It's, of course, the cradle of tech in …
Jaures Yip
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
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
6 mins read
Our bend-don't-break economy is reaching its limit
After a year of resiliency in the face of high interest rates, the cracks are showing in the US eco…
Dan DeFrancesco
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
Wall Street says buy stocks that pay dividends with $6 trillion of cash ready to be deployed
"We see more opportunities within equities for investors searching for yield," Bank of America's Sa…
Matthew Fox
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
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
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
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
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
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
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
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
Billionaire investor Stanley Druckenmiller reveals new bet against the S&P 500 — and piled into energy stocks last quarter
Druckenmiller's fund bought put options against the benchmark index, and added the likes of Teck Re…
Zahra Tayeb
1 min read
Russia will likely be shut out permanently from global energy markets, top oil execs say
"What has happened is so shocking ... that I think they will not be lulled into complacency around …
Phil Rosen
3 mins read
Warren Buffett's Berkshire Hathaway bet on Citigroup, loaded up on Chevron, and dumped Verizon. Here are 5 key takeaways from its Q1 portfolio update.
Berkshire sold the last of its Wells Fargo shares, more than quadrupled its Activision Blizzard sta…
Theron Mohamed
2 mins read
Warren Buffett's Berkshire Hathaway reveals Citigroup and Paramount stakes and virtually eliminated its Verizon wager
Buffett's company more than quadrupled its bets on Chevron and Activision Blizzard, and added a bun…
Theron Mohamed
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
The US is reportedly preparing to relax sanctions on Venezuela to let Chevron pump oil there, as hostilities with OPEC+ build
The news comes after OPEC+ shrugged off US calls for its crude producers not to cut output, prompti…