Exxon Mobil, Chevron Shares Rise As Q3 Profits Beat Estimates

Oil majors Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) on Friday reported sharp increase in third-quarter profits from last year on strong revenue growth that reflected higher crude oil prices. Exxon Mobil’s revenues and adjusted earnings as well as Chevron’s earnings beat analysts’ expectations, while Chevron’s revenues missed their estimates. Shares of both companies are rising in pre-market activity. […]

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Energy stocks just ended their worst month in seven years, but some see safety in the sector

A horrible October for energy stocks sent the group sharply lower for the year, but the sell-off has not deterred all investors from the oil trade. One market watcher says the sector could in fact provide some safety in an unpredictable market. “Their very defensiveness makes them very attractive right now in a volatile tape,” Boris Schlossberg, managing director of […]

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Chevron's Stock May Fall 7% as Oil Prices Sink

(Note: The author of this fundamental analysis is a financial writer and portfolio manager.) Chevron Corp.’s (CVX) stock is already 16% off its 2018 highs, and now falling oil prices may push shares even lower. Technical analysis suggests that Chevron’s stock may drop an additional 7%. Oil prices have dropped by 13% since hitting an intraday high of roughly $77 per barrel on October 3. But now […]

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Exxon Mobil, Chevron join global coalition to fight climate change

Did Exxon mislead investors about climate change? Lawyer Seth Berenzweig on the NY Attorney General’s investigation into Exxon. In a major reversal, U.S. oil and gas heavyweights – including Exxon Mobil, Chevron and Occidental Petroleum –  announced they have joined a global coalition to address climate change. Continue Reading Below The news, which was first reported by Axios, is one […]

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Microsoft's Focus on Cloud, Partnerships Paying Off

In the elevator industry, breakdowns are bad for business. So when Thyssenkrupp North America needed help predicting when to service its lifts, it turned to Microsoft Corp, a partnership that illustrates how Microsoft’s chief executive, Satya Nadella, has leveraged the cloud to grow its own business. A 2014 meeting between the leadership of the North American operations of Germany’s Thyssenkrupp […]

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S&P 500 Dips as Energy Shares Fall, but Financials Bounce

The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season. The S&P energy sector fell 1.2 percent, leading percentage declines among the 11 major S&P sectors. Shares of Exxon Mobil slid 1.0 […]

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PepsiCo and Chevron climb while Smucker stumbles

Stocks that moved substantially or traded heavily Tuesday: PepsiCo, up $5.13 to $112.89 Continue Reading Below The beverage company posted a larger second-quarter profit than analysts expected. Chevron Corp., up $1.60 to $127.59 Energy company stocks rose Tuesday as oil prices increased. J.M. Smucker Co., down $1.77 to $109.14 The food company is selling its baking business, which includes the […]

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