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Oil and Gas

Saudi Aramco second-quarter profit dips amid lower production volumes

by Milton Acorn
Saudi Aramco second-quarter profit dips amid lower production volumes

Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.  Hamad I Mohammed | Reuters …

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Categories Science

WTI hits seven-month low on market sell-off

by Milton Acorn
WTI hits seven-month low on market sell-off

A view of storage tanks and pipelines at the Shell Carson Distribution Complex, a distribution hub for petroleum products, in Carson, California, on March 11, 2022. Bing Guan | Reuters …

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Categories Science

Markets fall with Japan stocks in bear territory; Berkshire’s cash horde at record high

by Milton Acorn
Markets fall with Japan stocks in bear territory; Berkshire’s cash horde at record high

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Categories Science

Nasdaq in correction territory; Berkshire’s cash holdings reach record high

by Milton Acorn
Nasdaq in correction territory; Berkshire’s cash holdings reach record high

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Categories Science

Coterra’s strong energy production allowed for big cash returns to shareholders

by Milton Acorn
Coterra’s strong energy production allowed for big cash returns to shareholders

Coterra Energy missed Wall Street expectations for sales and earnings in the second quarter. However, production volumes and more importantly cash generation both came in ahead of expectations. Revenue in …

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Categories Science

ExxonMobil (XOM) earnings Q2 2024

by Adrian Jhonsan
ExxonMobil (XOM) earnings Q2 2024

An Exxon Mobil gas station in Washington, D.C., on Nov. 28, 2023. Al Drago | Bloomberg | Getty Images ExxonMobil on Friday posted its second highest results for the second …

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Categories World

Chevron (CVX) earnings Q2 2024

by Milton Acorn
Chevron (CVX) earnings Q2 2024

Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Images Chevron missed second-quarter earnings expectations, hurt by lower refining …

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Categories Science

WTI rises as Israel, Iran tensions surge

by Milton Acorn
WTI rises as Israel, Iran tensions surge

U.S. crude oil futures broke above $78 per barrel Thursday on fears that Israel and Iran are heading to a direct conflict after the assassination of a Hamas leader in …

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Categories Science

Oil giant Shell beats second-quarter profit expectations

by Adrian Jhonsan
Oil giant Shell beats second-quarter profit expectations

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant …

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Categories World

Fed signals possible rate cut; Wall Street soars

by Adrian Jhonsan
Fed signals possible rate cut; Wall Street soars

This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they …

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Categories World
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