Summary: Stocks like Walmart and Caterpillar trading higher led the Dow, while Chubb and Valero Energy were the biggest gainers in the S&P 500. The Dow, S&P 500, and Nasdaq saw gains for the week, marking their longest winning streak since February. The market has climbed into positive territory for the second quarter despite initial challenges, with optimism fueled by economic growth and decelerating inflation.
Full articleSummary: Exxon Mobil Corporation is facing protests from its trading staff in Brussels due to the relocation of the trading floor to London, leading to potential job losses. Employees are skeptical about the offered terms for relocation, and the company's avoidance of formal negotiations is intensifying the standoff.
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: Vallourec secures a fourth major order from ExxonMobil Guyana for delivering line pipe for the Whiptail project, further strengthening their strategic supplier relationship. This order marks a milestone in their long history with ExxonMobil, showcasing Vallourec's technological capabilities.
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.
Full articleSummary: Valero Energy Corp. and Chevron Corp. are buying oil shipped through Canada’s newly expanded Trans Mountain Pipeline system for their California refineries, indicating that U.S. West Coast may become a significant market for oil-sands crude.
Full articleSummary: Investors eagerly anticipate earnings reports from a wide array of companies across various sectors including Tesla, Microsoft, Alphabet, and Meta Platforms. Big names in the healthcare, energy, industrial, consumer goods, airline, and package delivery sectors will also be in focus during this eventful earnings week.
Full articleSummary: Valero Energy had its price objective raised by Citigroup and received multiple buy ratings from various analysts. The firm's price target suggests a potential upside of 17.15% from the current price. Valero Energy's stock has been performing well in the market.
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