Exxon Vaults to Record Annual Profit of $55.7 Billion

Business Earnings Only Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity prices

Chevron, Comcast, and 10 More Companies That Raised Their Stock Dividends

Text size Kimberly-Clark raised its dividend this week. Pavel Sytsko/Dreamstime.com Chevron , Kimberly Clark , Archer-Daniels Midland , spirit Comcast were among the large US companies that announced dividend increases this week. It was a busy week for these announcements, with the fourth-quarter earnings season in full swing. Chevron (ticker: CVX) declared a quarterly dividend … Read more

Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit – The Wall Street Journal

Chevron Rides High Oil Prices to Record $35.5 Billion Annual ProfitThe Wall Street Journal Swimming in cash, Chevron plans a $75 billion slap in the face to driversCNN What Chevron’s $75 trillion stock buyback plan suggestsCNBC Television Oil Majors Boost Buybacks as Russia, China Wildcards Weigh on Spending PlansBloomberg Chevron Falls After Posting Disappointing Quarterly … Read more

American Express, Silvergate, Intel, and More Stock Market Movers

Text size Shares of American Express rose sharply Friday. Courtesy of American Express Stocks were rising Friday after a key US measure of inflation eased in December, the latest sign that the era of red-hot prices is coming to an end and that the Federal Reserve may soon pause on hiking interest rates. These stocks … Read more

ConocoPhillips in Talks to Sell Venezuelan Oil in US to Recover Billions It Is Owed

ConocoPhillipswhich abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the US as a way to recover the close to $10 billion it is owed by Venezuela, according to people familiar with discussions between the company and Venezuela representatives. In what are preliminary … Read more

TotalEnergies SE: Statement in Compliance With the Article 223-16 of the General Regulation of the Financial Markets Authority (Autorité des marchés financiers)

Regulatory News: TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) : Number of voting rights exercisable at Shareholders’ Date Total number of shares meetings November 30, 2022 2,619,131,285 2,690,846,033 A total number of 2,809,052,739 voting rights are attached to the 2,619,131,285 underlying TotalEnergies shares (referred to as ‘theoretical voting rights’), including: — 118,206,706 voting rights attached to the … Read more

Small-cap stocks are poised to beat the S&P 500 when the market rebounds

Small-cap stocks are trading near a two-decade low relative to large-cap stocks. When the stock market rebounds next year, as is expected by many investment-bank strategists, those smaller companies may outperform. Below is a screen of analysts’ favorite small-cap stocks for 2023, culled from the S&P Small Cap 600 Index SML, -0.47%, which requires that … Read more

Biden’s Dirty Oil Deal With Venezuela – WSJ – The Wall Street Journal

Biden’s Dirty Oil Deal With Venezuela – WSJThe Wall Street Journal US grants Chevron license to pump oil in VenezuelaThe Washington Post Biden eases Venezuela sanctions to aid talks between Maduro, oppositionCAT US gives Chevron go ahead to pump oil in Venezuela againAxios Biden allowing Chevron to drill in Venezuela ‘makes absolutely no sense’: Stephen … Read more

Despite Shift, Markets Face Long Wait for Venezuelan Oil – The Wall Street Journal

Despite Shift, Markets Face Long Wait for Venezuelan OilThe Wall Street Journal