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CVX News30 articles
Exxon Fuel Unit Outearns Upstream as Pump Prices Hold Above $4
ExxonMobil's fuel unit outearned its upstream business in Q3, with adjusted profits leading by $1.745B. U.S. gas prices remain above $4 per gallon.
Oil's Surge Puts Earnings Season's Pricing Power to the Test
With Brent above $100, investors are scrutinizing which companies can pass on higher costs. Key earnings from GM, Netflix, Tesla, and Meta will test margin resilience.
Tech Selloff Defies Falling Yields; AI Capex Scrutiny Looms
The Nasdaq fell 4.5% even as yields declined, signaling a shift from rate concerns to earnings quality. AI spending and margins will be tested as major tech earnings arrive.
Semiconductor Selloff Sinks Nasdaq 2.1%; Weekly Tech Slide Deepens
Renewed semiconductor selling pushed the Nasdaq down 2.15% Friday, extending its weekly slide to 4.48%. The S&P 500 lost 1.09% as tech weakness outweighed energy gains.
Tech Selloff Pressures Nasdaq; Equal-Weight S&P Shows Resilience
The Nasdaq dropped 1.3% on Thursday, but an equal-weight S&P 500 proxy stayed positive, driven by energy and consumer staples gains.
Oil Spike Jolts Markets: Nasdaq Slips as Energy Surges
Brent crude surged 4.4% to $104.63 after explosions in Riyadh, lifting energy shares 2.3% while tech and airlines slumped. Fed's Waller signaled possible further rate hikes.
SLB gains as Brazil survey fuels digital growth optimism
SLB closed up 0.7% at $52.12, buoyed by its Amapá survey near Petrobras's Morpho discovery. Digital revenue grew 18% YoY, supporting a Buy consensus.
ExxonMobil Eyes Venezuela Return as Shares Hold Steady
ExxonMobil is negotiating a possible return to Venezuela's Orinoco Belt, with shares barely moving. Investors await deal terms, not barrel counts.
Global Fuel Unrest Tests Fiscal Resolve as Oil Stays Above $100
Fuel-price protests are spreading globally as Brent holds above $100, forcing governments to choose between passing costs to consumers or absorbing them via subsidies.
Oil Rally Stalls as Saudi Pipeline Repair Timelines Diverge
Crude prices surged as traders weighed conflicting repair timelines for Saudi Arabia's damaged pipeline, with energy stocks posting gains.
Hormuz Strike and Saudi Pipeline Halt Test Oil Market Resilience
Fresh attacks near the Strait of Hormuz and a Saudi pipeline closure intensify pressure on oil routes, even as no supply loss is confirmed.
Brent Settles at $104.61 as Diesel Shortage Keeps Refining Margins Elevated
Brent crude's Friday retreat to $104.61 doesn't ease energy inflation as distillate stocks near five-year lows, keeping diesel cracks high and impacting refiners and transport sectors.
Brent Surges Past $106, But Energy Stocks Show Mixed Reaction
Brent crude jumped nearly 6% to $106.94 on Thursday, but energy stocks showed mixed results as XLE dipped while upstream-focused XOP gained, reflecting market nuances.
Treasury Auction Draws Strong Demand, But Yields Stay Elevated Near 4.83%
A robust Treasury auction attracted solid demand, yet 10-year yields remain near 4.83% as oil prices and inflation data loom. Investors weigh implications for stocks, mortgages, and bonds.
Brent Tops $101 as Geopolitical Risk Surges; EIA Sees $90 Average
Brent crude jumps above $101 per barrel following attacks on tankers and Saudi infrastructure, while the EIA maintains a $90 average forecast for the second half.
Gasoline Prices Surge 7.3 Cents as Brent Crosses $100
AAA's national average for regular gasoline rose 7.31 cents to $4.2245 a gallon, as Brent crude climbed back above $100. The jump adds pressure on consumers and the Fed ahead of its rate decision.
S&P 500 Dips 0.6% as Healthcare Rout Offsets Energy Gains
The S&P 500 slipped 0.6% to 7,673.52, as a healthcare selloff, sparked by Novartis's failed drug trial, offset energy gains. The Dow fell twice as much, highlighting market dispersion.
U.S. Hits Iranian Tankers, WTI Rally Faces Key Test
U.S. forces struck three Iranian tankers Saturday, injecting fresh geopolitical risk into oil markets after WTI's 9.7% weekly surge. Futures open Sunday; stocks resume Tuesday.
Chevron Advances in Venezuela With $7B Plan to Boost Output to 600,000 bpd
Chevron (CVX) shares gained 0.58% to $212.28 after announcing a $7B Venezuela expansion targeting 600,000 bpd, but investor skepticism persists over political stability.
US-Backed Venezuela Oil Push Targets 65B Barrels, But Supply Lags
A US-backed venture secured 100-year concessions for 65 billion barrels in Venezuela, but Chevron's $7B plan won't boost supply until 2031. Brent settled at $95.63.
Venezuela's $100B Oil Gamble: 65B Barrels at a Premium
A U.S.-Venezuela oil pact targets 65 billion barrels with $100B investment, but breakeven at $80 Brent and political risks temper near-term gains.
Petrobras ADRs Jump 5% as Oil Prices Surge on Middle East Tensions
Petrobras ADRs advanced 5.06% to $20.33 as Brent crude settled at $94.65, strengthening the company's cash-flow position amid record production and rising geopolitical tensions.
Oil Surges Past $90, Tech Stocks Slide as Yields Climb
WTI crude oil surged past $90 on fresh Middle East tensions, while the Nasdaq dropped 1.1% as Treasury yields climbed, pressuring technology stocks.
Tech Slips as Oil Nears $90, Energy Outperforms
The Nasdaq fell 0.9% as WTI crude neared $90, with energy stocks outperforming tech by 2.67 points. The 10-year yield rose to 4.79%.
Oil Shock Amplifies Tech Selloff; Nasdaq Slides 1.1%
Tech stocks led a broad market decline as an oil shock and rising yields rattled investors. The Nasdaq fell 1.1%, while energy shares gained.
Tech Futures Slide as Oil Surge and Rate Fears Hit Growth Stocks
Nasdaq futures dropped nearly 1% as oil prices surged past $92, stoking inflation and rate concerns. Energy stocks gained while tech slipped, with GoPro jumping 86%.
Tech Futures Slip as Crude Holds Near $92 on Supply Fears
Nasdaq futures slipped 0.28% as crude held near $92 on supply worries. Energy shares rose, but tech faced pressure amid inflation concerns.
Oil Shock Hits Dow, Broad ETFs Steady
Broad ETFs held steady as an oil shock dragged the Dow down 374 points. Energy stocks rallied, but rate-sensitive sectors fell, with August closing higher overall.
Oil Surge Weighs on Wall Street as Energy Outperforms
U.S. equities slipped Monday as Brent crude climbed above $90, reigniting inflation concerns. Energy stocks outperformed, while utilities sank on wildfire liability worries.
Oil's Surge Past $90 Drags Dow Down 374 Points; Energy Stocks Shine
Brent crude's surge past $90 on U.S.-Iran tensions pressured the Dow, which fell 374 points. Energy stocks led gains, while the broader market slipped.