Brent down 3% after hitting 3-year low on US crude build, OPEC+ hike
Oil prices slipped as Brent crude dropped 3%, pressured by a sharp rise in US crude stockpiles and the OPEC+ decision to increase production....
Tag : Chevron
Shell profits drop 16% but maintains strong shareholder returns
Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion...
Stock futures rise ahead of key inflation reports this week
Stock futures advanced Tuesday as traders await two key inflation reports, including PPI and CPI, expected to influence the Federal Reserve’s rate decisions and broader...
Exxon and Chevron dive deep into oil amid clean energy surge
Despite the worldwide momentum toward clean energy, two of America’s oil giants have recently placed significant bets on fossil fuels. Both Exxon Mobil and Chevron...
Nasdaq falls as oil prices soar amid concerns of inflation and recession
The Nasdaq Composite fell 0.6% on Monday as oil prices soared amid concerns of inflation and a looming recession. The S&P 500 remained mostly flat...