• CL
• COP
• CVX
• DVN
• HAL
• LCO
• LMT
• OXY
• SLB
• USD/CHF
• USD/JPY
• XOM

US energy companies' shares gain as Middle East crisis sparks supply fears

• CVX
• HOG
• LMT
• LPLA
• NKE
• TSLA
• XOM

Nike, Harley-Davidson and Lamb Weston fall premarket; Exxon Mobil, Lockheed rise

US stock futures dipped amid Middle East violence; Nike, Tesla, and Harley-Davidson saw significant stock declines, while Exxon and Chevron benefited from rising crude prices.

• BP
• CL
• CVX
• SHEL
• TTE
• XOM

Big oil's big payouts under strain as energy prices fall

Major energy firms face financial challenges due to falling oil prices and may need to borrow billions to maintain shareholder returns amid declining profits.

• CVX
• HES
• XOM

US FTC allows Chevron-Hess deal, bars John Hess from board

The FTC approved Chevron's $53 billion acquisition of Hess Corp but barred CEO John Hess from board seat, citing concerns over OPEC communications. Exxon Mobil's challenge remains ongoing.

• CVX
• HES
• XOM

US FTC allows Chevron-Hess deal, bars John Hess from board

The FTC approved Chevron's $53 billion acquisition of Hess Corp, barring CEO John Hess from the board due to OPEC-related concerns, while facing challenges from Exxon and CNOOC.

• COP
• CVX
• XOM

Big US oil companies reveal massive payments to foreign governments

In 2023, major U.S. energy firms paid $42 billion to foreign governments, six times more than domestic payments, revealing transparency issues regarding taxation and resource extraction profits.

• MPC
• XOM

Exxon director joins Elliott group seeking to acquire Citgo Petroleum

Gregory Goff, Exxon board member, becomes Amber Energy CEO to lead a bid for Citgo Petroleum, competing with Exxon in the oil refining business amid significant financial stakes.

• MPC
• XOM

Exxon director joins Elliott group seeking to acquire Citgo Petroleum

Exxon director Gregory Goff joins Amber Energy to bid for Citgo, navigating a competitive landscape against Exxon in oil refining amid legal and financial complexities in Venezuela.

• COP
• CVX
• DVN
• FANG
• PXD
• XOM

Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved the Permian Basin Reliability Plan to expand power grid infrastructure, addressing rising electricity demand from oil and gas industries in the region.

• COP
• CVX
• DVN
• FANG
• PXD
• XOM

Texas approves plan to boost oil and gas drillers' power grid access

The Texas commission approved a plan to enhance power grid infrastructure for the Permian Basin, aiming to support rising electricity demand from the oil and gas industry.