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Exxon Mobil Corp

Wall Street is barreling toward a big week ahead with megacap earnings, Fed meeting in focus

by Walter Watson
Wall Street is barreling toward a big week ahead with megacap earnings, Fed meeting in focus

Next week is shaping up to be the most important one of 2024 thus far. Wall Street is headed into the thick of earnings season, with results on deck from …

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Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

by Walter Watson
Occidental Petroleum to buy Permian producer CrownRock for  billion, raise dividend

Occidental Petroleum Jay L. Clendenin | Los Angeles Times | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian …

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Korean conglomerate LG and Qraft combine AI and asset management in this ETF

by Walter Watson
Korean conglomerate LG and Qraft combine AI and asset management in this ETF

South Korean conglomerate LG and Qraft Technologies partnered to launch an exchange traded fund that uses artificial intelligence to take investors’ emotions out of the stock-picking process. The LG Qraft …

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‘Excess profits’ of big firms have driven up inflation, report claims

by Walter Watson
‘Excess profits’ of big firms have driven up inflation, report claims

LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. …

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Australia oil and gas producers Woodside and Santos in merger talks

by Walter Watson
Australia oil and gas producers Woodside and Santos in merger talks

Bloomberg/Contributor | Bloomberg | Getty Images Shares of Australia’s Santos jumped to a five-week high on Friday, on news it’s in talks to merge with Woodside Energy. Santos and Woodside …

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U.S. lays out plan at COP 28 to slash climate ‘super pollutant’ methane from oil and gas

by Walter Watson
U.S. lays out plan at COP 28 to slash climate ‘super pollutant’ methane from oil and gas

Oil rig and pump of H&P Rig 488 in Stanton, Texas, on June 8, 2023. Suzanne Cordeiro | AFP | Getty Images The Biden administration on Saturday unveiled final rules …

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Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

by Walter Watson
Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | …

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We had a busy week of trades in an oversold market. Here’s the day-by-day breakdown

by Akin Smith
We had a busy week of trades in an oversold market. Here’s the day-by-day breakdown

Elevated bond yields and geopolitical uncertainty continued to be negative for stocks this week as the overall market moved into oversold territory. However, that set us up to put cash …

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Stock futures today: Live updates

by Walter Watson
Stock futures today: Live updates

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023.  Brendan Mcdermid | Reuters U.S. stock futures inched higher on …

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Oil deals ahead of Big Tech earnings

by Walter Watson
Oil deals ahead of Big Tech earnings

Omar Marques | Lightrocket | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything …

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