Summary: ConocoPhillips chief views Marathon purchase as 'pure synergy play' and sees potential for US gas growth with fixed permitting
Full articleSummary: ExxonMobil in partnership with Pertamina embarks on a carbon capture and storage project in Indonesia, while continuing oil exploration in Angola. Zacks ranks ExxonMobil as Hold and suggests SM, EC, and MPC as Strong Buy stocks in the energy sector.
Full articleSummary: Stocks slump as fresh economic data and signs of inflation pressures raise concerns about higher interest rates ahead of the Fed meeting next week. Treasury yields rose on expectations of more hawkish Fed monetary policy. Some Wall Street analysts believe the market may have bottomed.
Full articleSummary: Exxon Mobil Corporation is in discussions with the United States government to accelerate the Golden Pass LNG expansion project, which is a joint venture with Qatar Petroleum, planned to come online in 2024. The expansion would add natural gas liquefaction and export capacities to the existing facility in Sabine Pass, TX. ExxonMobil is looking to start up the project before the due date to export natural gas produced from shale fields.
Full articleSummary: China is preparing to give Tesla tentative approval for its Full Self-Driving (FSD) technology, potentially opening the door to new growth catalyst. Marathon Petroleum shares rose 1% ahead of earnings report with expectations of $2.54 per share in earnings.
Full articleSummary: The upcoming week is set to bring a flurry of earnings reports from some of the world's most prominent companies, including tech giants Amazon and Apple. Other notable firms such as Starbucks, McDonald's, Mastercard, PayPal, Pfizer, Amgen, Moderna, CVS Health, and energy giants Devon Energy, Dominion Energy, and Marathon Petroleum are also scheduled to report their financial results.
Full articleSummary: Billionaires remain bullish on fossil fuel companies despite pressure to adapt to climate change, with oil and gas companies dominating the energy stocks in their portfolios. Renewable energy companies are less present in their top holdings.
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