After the transaction is finalized, Chevron plans to escalate share repurchases by $2.5 billion, reaching the upper limit of its annual guidance range of $20 billion. Chevron Corporation, one of the leading global energy companies, has today announced its agreement to acquire an American oil production firm Hess for $53 billion. The deal is part of a strategic move by the company to strengthen and diversify its already robust portfolio. According to an official announcement on Monday, the...
Read More »Shell Posts Highest Ever Profit Haul of $40B for Full-year 2022 on Backs of Surging Oil Prices & Demand
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Read More »Saudi Aramco Beats Revenue Expectations in Q3 2022 Earnings Report
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Read More »Stock Market Is in Green due to Earnings and Coronavirus Fears as Vaccine Is Not Tested Yet
Indexes went strongly up today as investors were waiting for the Federal Reserve’s interest rate decision (probably stays the same). Traders were also focused on the economic data published today. The Census Bureau reported wholesale inventories decrease of 0.1% in December, while the trade deficit increased $5.3 billion compared to November. Some companies have already released their quarterly earnings and some are still waited for.The Dow Jones Industrial Average went up at the open by...
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