The good and the bad of the U.S. CPI
Gas prices are seen at a Chevron gas station in Los Angeles on September 28, 2023. Robyn Beck | AFP | Getty Images This report is from today’s CNBC Daily …
Exxon Mobil Corp
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
Pavlo Gonchar | LightRocket | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The …
‘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. …
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 …
Exxon CEO dismisses worries FTC could hold up Pioneer deal
Darren Wood, CEO of Exxon Mobil, speaking on CNBC’s Squawk on the Street on Dec. 7th, 2023. CNBC Exxon Mobil CEO Darren Woods on Thursday dismissed worries that the Federal …
Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes
Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters Exxon Mobil said Wednesday its expects earnings to more than double through 2027 relative to …
The top 10 things to watch in the stock market Wednesday
The 10 things to watch Wednesday, Dec. 6 1. U.S. stocks are higher in premarket trading Wednesday, with S & P 500 futures up 0.45% after back-to-back days of losses. …
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 | …
Diversification is crushing investors. Will 2024 be different?
In 2023 true diversification killed you. If you chose to buy stocks across a wide swath of sectors —financials, retailers, drugs, foods, utilities, autos, airlines and oils — and your …
November Monthly Meeting Q&A with Jim Cramer on 20 stocks
During the October Monthly Meeting , we took questions directly from Investing Club members. Here are Jim Cramer’s and Director of Portfolio Analysis Jeff Marks’ responses. Their answers have been …