| Getty Images Key Takeaways The top energy companies tend to be incredibly profitable, whether they are public companies, state-run entities, or privately-owned companies. The biggest oil and gas com...
Tag: Exxon Mobil
Exxon Improperly Fired Scientists Suspected of Sharing Information, Labor Department Finds
Listen to article (2 minutes) The Labor Department said it found Exxon Mobil illegally fired two company scientists over suspicions they shared information with The Wall Street Journal about concerns ...
Exxon CEO Warns Biden Administration Against Limiting Fuel Exports
Exxon Mobil is pushing back against reductions of U.S. fuel exports urged by the Biden administration in August, arguing that restricting shipments would further squeeze global supplies and lift pump ...
$80 Oil Could Be Here to Stay. These Stocks Stand to Gain.
Text size The Inglewood Oil Field in Los Angeles. Mario Tama/Getty Images Countries can’t control the price of oil, but they can nudge it in one direction or another. And the latest signals from some ...
The Stock Market Couldn’t Handle the Uncertainty. It Better Learn How.
Text size It’s a market with big drops but big rips, as well, one that forces investors to accept low returns from index funds or try to take a more tactical approach. Michael Nagle/Bloomberg Call it ...
Oil Prices Have Been Falling. Why It’s Time to Buy Oil Stocks.
Text size Energy stock profits rose nearly 300% during the second quarter, nearly 10 times faster than the next sector, industrials. Oliver Bunic/Bloomberg It has been a boom-and-bust year for oil sto...
Last Twenty Years Clarifies Call For Windfall Profits Tax.
Senator Bob Dole (Republican – Kansas) proposed a windfall profits tax tied to inflation circa 1980. Bettmann Archive When profits reported by oil and gas companies are big, they can be really b...
The Big Winners—and Losers —in the Inflation Bill
Senate Majority Leader Chuck Schumer (D-NY) helped shepherd the Inflation Reduction Act through the Senate after earlier bills died. Drew Angerer/Getty Images Text size The House won’t take up Democra...
Senate Passes Climate Bill. The Rush to Renewable Energy Is On.
The climate and tax package passed by the Senate on Sunday will unlock around $400 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a paralle...
A Recession Is Coming. These Are the Stocks to Hunker Down In.
Eli Salzmann loves nothing better than finding a company that’s a “dog of a stock with no momentum” but on the verge of better days. At its core, that is what value investing is all about. Over the co...
Exxon Mobil Stock Surges After Energy Giant Drills to Record Profit
Text size PHOTOCAP Dean Mouhtaropoulos/Getty Images Soaring energy prices and increased production helped Exxon Mobil shatter its previous record for quarterly profit as the oil and gas giant posted e...
Senate Climate Bill Is a Boon for Fossil Fuels
WASHINGTON—Senate Democrats are moving forward on the costliest and most ambitious effort ever by the U.S. to address climate change—powered in part by benefits for fossil fuels and the broader energy...
Shell Posts Record Quarterly Profit of $11.5 Billion. Exxon and Chevron Are Next.
Text size Shell also announced plans to buy back a further $6 billion of shares. Getty Images Shell , the United Kingdom–domiciled energy giant, posted record quarterly earnings Thursday a day before ...
This Stat Shows Why Analysts Are Bullish on Energy Stocks
Text size Analysts are more bullish about energy companies than are investors. (Photo by Justin Sullivan/Getty Images) Getty Images Energy stocks make up just 4% of the S&P 500 but are expected to...
Exxon Mobil Dividend Yield Pushes Past 4%
In trading on Wednesday, shares of Exxon Mobil were yielding above the 4% mark based on its quarterly dividend (annualized to $3.52), with the stock changing hands as low as $87.25 on the day. Dividen...
Is Warren Buffett’s Favorite Stock Overbought? Occidental Petroleum Gets Downgrade From Analysts
Topline Shares of Occidental Petroleum, a favorite of billionaire investor Warren Buffett, fell 2% on Monday after Goldman Sachs analysts downgraded the stock and warned valuations look less attractiv...
Energy Stocks Are Cheap. Just Ask Warren Buffett.
Energy stocks are on sale, after a sharp selloff since oil and natural-gas prices peaked in early June. Oil is down 18% from its high, to $102 a barrel, while gas has fallen by a third, to about $6 pe...
Verizon, Crocs And Salesforce Are Top Trends For July
Getty Images It’s been a busy month. Then again, when is it not these days? Inflation has continued to be a hot topic as it hit 8.6% in the U.S., which is the fastest rate of increase since 1981. The ...
Falling Commodity Prices Raise Hopes That Inflation Has Peaked
A slide in all manner of raw-materials prices—corn, wheat, copper and more—is stirring hopes that a significant source of inflationary pressure might be starting to ease. Natural-gas prices shot up mo...
Exxon Mobil Won’t Comment on Report It Is Exploring Deal for Denbury
Denbury’s stock jumped on Monday afternoon after a report said Exxon Mobil was considering a takeover of the oil-recovery specialist, but the oil giant said it wouldn’t comment on speculation. Bloombe...