big oil

The U.S. Senate Majority Leader, Chuck Schumer (D-N.Y.), has called on the Federal Trade Commission (FTC) to reevaluate the proposed $53 billion merger between Chevron Corp (NYSE:CVX) and Hess Corp (NYSE:HES). What Happened: Schumer voiced his concerns over the merger on social media on Monday. He...

The energy sector has long been a bastion of male leadership, with industry giants such as Exxon Mobil Corporation, Chevron Corporation, Shell PLC, and BP Plc (NYSE: BP) rarely venturing out of traditionally masculine leadership norms. However, BP, a British oil titan with...

U.S. markets have been trading in the flat zone over the last two days as investors and traders weighed in on a mixed set of corporate earnings. Next, week Exxon Mobil Corp (NYSE:XOM) and Southwest Airlines Co (NYSE:LUV) are scheduled to report their quarterly earnings. It would be interesting to...

President Joe Biden's budget proposal scheduled to be released on Thursday, reportedly calls for a 25% minimum tax on billionaires. The plan would also nearly double the capital gains tax rate for investment to 39.6% from 20% and increase income levies on corporations and wealthy...

Amidst all the turmoil this year when assets worldwide took a hit due to the Russian invasion of Ukraine, surging inflation and ensuing action taken by central banks, an Indonesian mining stock has become the unlikely top performer of 2022 with gains of over 1,600% as the year draws to a close...

It's no secret that Tesla Motors Inc (NASDAQ: TSLA) is in direct competition with big oil. Tesla's electric vehicles equate to their car owner never again paying another visit to the gas pump. As noted by Bloomberg Gadfly's Liam Denning, Tesla is merely a company that burns through cash, misses...

Friday will see the big oil firms reporting their second-quarter numbers, and Barclays expects Exxon Mobil Corporation (NYSE: XOM)'s earnings to top consensus, while projecting EPS for Chevron Corporation (NYSE: CVX) below Street view. The brokerage expects an in-line results for Phillips 66 (NYSE...

After recommending caution in the big oil space for multiple years, Citi Research analyst Alastair Syme just released a new report in which the firm is finally changing its tune. After a precipitous drop in oil and stock prices during the past year, Citi now believes that integrated oil stocks...

The recent sell off in the equity market created some attractive buy levels in some of the high yielding dividend stocks. We ran a screen that looked at larger cap. companies yielding at least five percent that are heavily traded. We also looked for charts that had seem a recent sell off but...