Time is running out for Exxon Mobil to remain in the S&P 500 Dividend Aristocrats Index, but its earnings release Friday could settle that matter. There are 65 S&P 500 Dividend Aristocrats, including Johnson & Johnson (ticker: JNJ), Chevron (CVX) and Target (TGT). In recent years, constrained by weak oil prices, capital spending on future growth projects and other expenses, Exxon Mobil (XOM) has kept its quarterly dividend at 87 cents a share.
Traders will have their attention on the UK’s Autumn budget, which takes place on Wednesday.
Tesla Inc (NASDAQ: TSLA) and SpaceX CEO Elon Musk’s net worth zipped past the valuation of oil and gas company Exxon Mobil Corp ...
(Bloomberg) -- Oil steadied, with investors weighing the outlook for a tighter market as U.S. stockpiles drop and OPEC+ keeps a tight rein on supply. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeBrent crude was little
(Bloomberg) -- China is considering setting new limits on movements in coal prices that could help ease the nation’s energy crisis, though would threaten to curb profits in the sector.Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at Deutsche Bank Reaps Billions Fr
Oil prices edged lower on Tuesday after rising earlier in the day and analysts said prices were set to sustain a rally driven by strong demand in the United States, the world's biggest consumer of oil and its products. U.S. oil dropped 12 cents to $83.64 a barrel, having finished unchanged the previous session after testing new highs. While China's red-hot power and coal markets have cooled somewhat after government intervention, energy prices remain elevated worldwide as temperatures fall with the onset of the northern winter.
SINGAPORE (Reuters) -China's top economic planner said on Tuesday it was studying a mechanism to stabilise coal prices over the long run, in its latest move to cool the red-hot market. The National Development and Reform Commission (NDRC) said it was looking into the costs and profitability of the coal sector in an effort to work out a mechanism to guide prices to move within a reasonable range. The NDRC was also considering including coal in a "prohibiting exorbitant profits" category.
HOUSTON (Reuters) -Locked-out workers at Exxon Mobil Corp's Beaumont, Texas, refinery will vote between Nov. 12 and Dec. 22 in a mail-in ballot on whether to remove the United Steelworkers union (USW) from representing them, according to the company and union. The U.S. National Labor Relations Board (NLRB) will send out the ballots on Nov. 12 to workers represented by USW Local 13-243 at the refinery and adjoining lubricants blending and packaging plant, according to Exxon and the union.
Massive underinvestment and multi-year supply deficits could push oil prices higher for years to come
Peru's socialist president, Pedro Castillo, urged Congress on Monday to draft a bill for the "nationalization" of Peru's natural gas sector, undoing previous statements in which he said he would not seek to nationalize parts of the economy. In remarks broadcast on government-owned TV Peru, Castillo said he wanted "to draft a joint bill with Congress regarding the nationalization of (the natural gas sector)."
By Gina Lee
Saudi Arabia has shifted its focus to cleaner energy, though some of its promises may be a bit misleading
It’s a particularly quiet day ahead on the economic calendar. U.S consumer confidence figures will draw plenty of interest later in the day, however.
U.S. drivers paid an average of more than $3.36 per gallon Monday, according to one price tracker.
High energy costs have sparked a run in commodity prices, but China’s collapsing real estate sector could bring metal markets back to Earth
Exxon Mobil (XOM) closed at $64.35 in the latest trading session, marking a +1.95% move from the prior day.
A Democratic proposal to impose a methane fee on U.S. oil and gas producers is not likely to be included in the party's massive spending bill in Congress amid opposition within its own ranks, two sources familiar with the negotiations said on Monday. The proposal to tax oil and gas producers for methane emissions above a certain threshold faces opposition from U.S. Senator Joe Manchin, who represents natural gas-producing West Virginia, along with Democrats from oil-producer Texas, the sources said. The fee, supported by the White House, is part of a broader effort by Democratic President Joe Biden to curb the greenhouse gas methane, considered the biggest cause of climate change after carbon dioxide.
U.S. stocks marched higher as investors digested another batch of earnings and oil hit a seven-year high.