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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   


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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   


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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   


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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   


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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   


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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   


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3 mins read

Theron Mohamed   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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   


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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…

Zahra Tayeb