Exxon Mobil Corp posted $59 billion in adjusted profit for 2022, the company said on Tuesday, taking home more than $6.7 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism of the oil industry and sparked calls for more countries to levy windfall profit taxes on the companies.
Ryan Olohan was told there were "obviously too many white guys" on his management team.
Inflation made the headlines through most of last year, for all the worst reasons: it ran far too high, peaked above 9% in June, and the inflationary pressures pushed down hard on stock markets. The Fed jacked interest rates up their highest level in over a decade, risking recession to fight the rise in prices. Today, inflation is still in the headlines, although the tone has shifted. The annualized rate is trending downward; the December number came in at 6.5% year-over-year. While this is good
Lucid shares fall after initially rising on talks of a possible buyout from the Saudi Arabian Investment Fund.
AGNC Investment (AGNC) delivered earnings and revenue surprises of 10.45% and 91.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Adani and his companies are facing accusations of fraud from a New York short-seller, threatening the group's shares and his fortune.
Johns Hopkins University professor of applied economics Steve Hanke shares his outlook on the upcoming Federal Open Market Committee decision on interest rates and the current state of the money supply.
Johnson & Johnson stock is down slightly on Monday afternoon over concern of the fallout from the talcum powder lawsuits.
Buy and hold forever? Not always.
The Euro has rallied a bit during the trading session on Monday, but it still sees the same resistance near the 1.09 level it has for the last several sessions.
While every market advisor will tell you never to try to ‘time’ the market, timing is still important for success. Investors need to buy into low prices, and to do that, they need to know when prices are low. This doesn’t necessarily mean low in absolute dollar terms, but low relative to a stock’s recent past performance. In recognizing that lower price range, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking out stocks that are in their lower price r
Yahoo Finance Live’s Rachelle Akuffo discusses the decline in stock for Alibaba following rumors that the e-commerce company is moving its headquarters to Singapore, despite the company denying reports.
United Parcel Service Inc. (UPS) raised its quarterly dividend by 6.6%, to $1.62 a share from $1.52 a share, and set a new $5 billion share repurchase program. The package delivery giant’s new dividend will be payable March 10 to shareholders of record on Feb. 21. Based on Monday’s stock closing price of $176.97, the new annual dividend rate implies a dividend yield of 3.66%, which compares with rival FedEx Corp.’s (FDX) current yield of 2.50% and the implied yield for the S&P 500 (SPX) of 1.69%.
Yahoo Finance Live’s Brian Sozzi breaks down a JPMorgan analyst’s Underweight rating and $120 price target on Tesla stock.
In the current market environment, even many of the most resilient businesses are seeing their share prices rise and fall significantly from one day to the next. For Shopify (NYSE: SHOP), whose platform provides the infrastructure for roughly 20% of all live e-commerce sites globally, and 28% of U.S. e-commerce sites, this presents tremendous potential. In recent months, as investor sentiment regarding growth stocks has been in flux, many have turned away from Shopify due to concerns about how a potential recessionary period and a further decline in consumer spending could affect its business.
Palantir (NYSE: PLTR) and Crowdstrike (NASDAQ: CRWD) are growing sales rapidly. However, they have another thing in common that is not as positive -- each is losing money on the bottom line. This video will let you know which growth stock is the better buy.
Yahoo Finance Live’s Dave Briggs looks ahead to Snap’s earnings report due out tomorrow afternoon.
The combination of price cuts spreading through its industry and pullback from a hot buyout rumor really put the brakes on Canoo (NASDAQ: GOEV) stock Monday. The electric vehicle (EV) maker's share price fell by nearly 12% on the day, a far steeper decline than the 1.3% slip of the S&P 500 index. The major item making the EV sector as a whole volatile was a hot rumor at the end of last week that the huge Saudi Public Investment Fund (PIF) was eager to buy the remainder of high-end EV car maker Lucid Motors (PIF already holds a more than 65% stake in the company).
Plug Power Inc (NASDAQ: PLUG) has entered into a long-term strategic partnership with sustainable technologies provider Johnson Matthey Plc (OTC: JMPLF) (OTC: JMPLY) to boost the green hydrogen economy. JM will become an important supplier of MEA components, providing for Plug's demand for catalysts, membranes, and catalyst coated membranes (CCM). PLUG expects the partnership to strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers. The partnership will su
(Bloomberg) -- Carvana Co. shares have doubled this year, and more head-scratching moves could be in store for the debt-strapped online used-car retailer amid bets the rally won’t last.Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsSony Slashes PlayStation VR2 Headset Output After Pre-Orders DisappointThe 'Big Shift' That's Finally Causing Rents to FallAdani Rout Hits $68 Billion as Figh