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 the three months ended June 30 increased 7% year over year to $1.27 billion but came up short versus the $1.33 billion consensus forecast, according … Read more
Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters ExxonMobil on Friday posted its second highest results for the second quarter in the past decade, as the company achieved record production in Guyana and the Permian Basin. Exxon shares rose about 2% before the market opened. “If you look … Read more
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 margins. The oil major also said Friday it is moving its headquarters from San Ramon, California, to Houston, Texas, with CEO Mike Wirth relocating by … Read more
Eaton on Thursday morning delivered quarterly beats on its top and bottom lines. Segment profit margin and organic sales growth topped estimates. Management also raised its outlook for the year. Despite that show of strength, shares of the industrial Club name were trading lower. Revenue in the second quarter increased over 8% year over year … Read more
Block beat on profit in its second-quarter earnings report on Thursday. The stock rose in extended trading. Here’s how the company did, compared with analysts’ consensus estimates from LSEG. Earnings per share: 93 cents adjusted vs. 84 cents expected Revenue: $6.16 billion vs. $6.28 billion expected Block, formerly known as Square, posted $2.23 billion in … Read more
The Dominion Energy headquarters is pictured on July 6, 2020 in Richmond, Virginia. Zach Gibson | Getty Images Dominion Energy is exploring the possibility of connecting a data center directly to a nuclear plant in Connecticut, as the tech sector hunts for carbon-free electricity to power artificial intelligence applications. The Millstone Power Station in Waterford, … Read more
Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference in Nashville, Tennessee on July 27, 2024. Jon Cherry | Getty Images News | Getty Images NASHVILLE — On Saturday morning at around 11:00 A.M. at the world’s biggest bitcoin conference … Read more
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 Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The oil and gas major reported adjusted earnings … Read more
A worker walks past a pile of lithium ore at a Talison Lithium Ltd. site, a joint venture between Tianqi Lithium Corp. and Albemarle Corp., in Greenbushes, Australia. Carla Gottgens | Bloomberg | Getty Images Lithium mining giant Albemarle will halt the expansion of a manufacturing plant in Australia, as the company reviews costs due … Read more
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images Brent futures topped the $80-per-barrel-threshold on Wednesday, as Iran’s claim that Hamas political leader Ismail Haniyeh was assassinated reignited tensions in the Middle East. The Ice Brent contract with September … Read more
