WSJ News Exclusive | Saudi Arabia’s Aramco Considers Selling $50 Billion in Shares
The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans...
Fossil Fuels
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping...
Weaker Energy Prices Temper Shell’s Profit, but Not Cash Payouts for Investors
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its...
Chevron Waives Retirement Age for CEO Mike Wirth
The oil giant reported higher-than-expected profit in the second quarter. Source link
Google, McDonald’s, Exxon Headline Busy Earnings Week
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. Source link
Drones Reach Stratospheric Heights in Race to Fly Higher, Longer
New military and commercial craft aim to go far higher than jumbo jets and stay there for months, offering a...
Market Bets on Cheaper Oil, Dashing Saudi Hopes for a Price Rebound
The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom’s efforts to...
Shell Launches New Strategy Courting Investors, Not Activists
The energy major said it would share billions more from its record profits with investors while deepening its commitment to...
WSJ News Exclusive | Glencore Approaches Teck Over Its Coal Business
The commodities giant is willing to buy Teck’s unit as an alternative to a full merger. Source link
WSJ News Exclusive | Exxon, Chevron Near Deals to Drill in Gas-Rich Algeria
The North African nation’s vast reserves and proximity to Europe make it attractive to the U.S. drillers that have huge...
Slow Return to Work Pummels Office Stocks
Vacancies are climbing and rents are sinking amid a stalled return-to-office rate. Source link
Jeff Bezos’ Blue Origin Space Company Chosen to Develop Moon Lander for NASA
A team led by the company will develop a vehicle to transport astronauts to the lunar surface on a future...
$14 Billion Deal to Create Mega-Pipeline Company
The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value. Source link
WSJ News Exclusive | Exxon Goes Lean With End of ‘God Pod’ Era
The oil company’s top management will inhabit a less-lavish executive suite at its glass-dominated campus near Houston. Source link
U.S. Trade With World Rose in March on Energy, Auto Shipments
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Rise of EVs Drives Mining Deals to Decade High
Mining companies are back at the deals table as they battle for control of commodities essential for making electric cars...
Rocket Motor Shortage Curbs Weapons for Ukraine
BusinessEarningsLockheed Martin projects steady Ukraine-driven sales in 2023 Source link
Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting...
Fossil-Fuel Veterans Find Next Act With Green Hydrogen
Executives see similarities between the nascent industry and the early days of liquefied natural gas. Source link
Glencore Returns to Acquisitions With Offer for Teck Resources
BusinessCanadian miner rejects unsolicited offer from Swiss-based commodity company Source link
