Exxon, Suncor bid to block climate suits at U.S. Supreme Court
Exxon Mobil Corp. and Suncor Energy Inc. are asking the U.S. Supreme Court to dismiss a lawsuit filed by Boulder, Colorado, which seeks to hold oil companies accountable for climate change. This case is seen as a test for similar lawsuits across the country, potentially shielding oil and gas companies from billions of dollars in claims. The Supreme Court's decision could significantly impact climate accountability litigation, especially as the court's conservative majority has previously limited federal agencies' power to regulate emissions.
Cummins Inc. $CMI Stock Sold by Ferguson Wellman Capital Management Inc.
Ferguson Wellman Capital Management Inc. reduced its stake in Cummins Inc. by 31.7% in the third quarter of 2026, selling 31,534 shares and retaining 67,977 shares valued at approximately $32.7 million. Despite missing analyst EPS estimates ($6.73 reported vs. $7.21 consensus), Cummins saw a 9.4% year-over-year revenue increase to $9.46 billion and raised its quarterly dividend to $2.20. Analysts maintain a "Moderate Buy" rating with an average price target of $724.29, significantly higher than the stock's current trading price of $530.55.
Chevron (CVX) Names Eimear Bonner President of Oil, Products & G
Chevron (CVX) announced significant leadership changes, appointing Eimear Bonner as president of its oil, products, and gas division and Jeff Gustavson as CFO, in anticipation of CEO Mike Wirth's succession. The company's dividend remains attractive with a 3.32% yield, though GuruFocus' GF Value™ indicates the stock is modestly overvalued. Insider selling and a slight net trimming by gurus suggest a cautious outlook despite strong financial health and profitability.
Marathon Petroleum stock hits all-time high at 431.23 USD By Investing.com
Marathon Petroleum Corp (MPC) stock reached an all-time high of $431.23, reflecting a 163% year-to-date return and strong investor confidence. Despite a recent downgrade from Jefferies, UBS reiterated its Buy rating with an increased price target of $450. The company's performance is further supported by rising oil prices due to Middle Eastern tensions and a significant surge in diesel fuel prices.
Chevron Promotes Jeff Gustavson to CFO, Moves Eric Bonner to the Side
Chevron has announced significant leadership changes, promoting Jeff Gustavson to Chief Financial Officer, where he will oversee audit, tax, and investor relations. The current CFO, Eimear Bonner, will transition to president of Oil, Products & Gas, focusing on operations and capital allocation. Additionally, Brent Gros will lead New Energies, including Chevron's lower carbon businesses and AI strategy, while Mark Nelson will remain vice chairman, responsible for strategy and business development.
Eni S.p.A. (E) latest stock news and headlines
This article provides a compilation of recent news and headlines concerning Eni S.p.A. (E). It covers various topics including Eni's efforts to offer fuel price relief, its CEO's meeting with the Argentine President regarding an LNG project, its venture into humanoid robotics, and power and gas discounts in Italy. The news also touches on broader energy sector developments relevant to Eni.
Chevron names Gustavson CFO as oil giant eyes CEO succession
Chevron has appointed Jeff Gustavson, formerly president of New Energies, as its new chief financial officer, replacing Eimear Bonner. This leadership reshuffle positions both Gustavson and Bonner as potential successors to current CEO Mike Wirth, who has led the company for nearly a decade. The moves are part of Chevron's strategy to rotate senior executives through diverse roles to broaden their experience in preparation for top leadership positions.
Cenovus bulks up on oil sands with $5.7-billion Athabasca buy
Cenovus Energy Inc. is acquiring Athabasca Oil Corp. for approximately $5.7-billion in cash and stock, a move that will initially add 45,000 barrels a day to Cenovus's production with potential to reach 115,000 barrels daily by 2032. This acquisition strengthens Cenovus's oil sands portfolio, leveraging existing resources and new government incentives. While analysts see the deal as manageable for Cenovus's balance sheet, some investors question the timing and the "fuller price" paid for Athabasca.
ConocoPhillips chair Ryan Lance on oil price floor outlook
ConocoPhillips Executive Chairman Ryan Lance anticipates the oil price floor to rise to $70 per barrel, with U.S. West Texas Intermediate stabilizing between $65 and $70. He also projected that U.S. oil output could exceed 14.5 million barrels per day if prices remain consistent. Lance cautioned that global oil demand might stay depressed until late 2020s, with significant rebound expected around 2028-2029, and highlighted ConocoPhillips' focus on upstream investments.
Chevron Names New Energies Head as CFO in Leadership Reshuffle
Chevron has announced a significant leadership reshuffle, naming Jeff Gustavson, the current president of New Energies, as its new Chief Financial Officer. Gustavson will take over from Eimear Bonner, who is set to lead Chevron's oil, gas, and products division. Bonner, an engineer, has served as CFO since March 2024.
Oceaneering Lands $154M U.S. Navy Contract for ADTech Segment
Oceaneering International's Aerospace and Defense Technologies (ADTech) segment has secured a five-year follow-on contract from the U.S. Navy, potentially worth $154 million, to support the Dry Deck Shelter program. This agreement enhances Oceaneering's presence in the U.S. defense market, offers revenue visibility, and highlights the company's long-standing expertise in specialized subsea systems for military applications. The contract underscores the importance of the defense sector in diversifying Oceaneering's business and leveraging its specialized workforce.
Chevron (CVX) names a new CFO as Eimear P. Bonner will lead Oil, Products & Gas starting in 2027.
Chevron Corporation announced key officer role changes effective January 1, 2027. Jeff B. Gustavson will become the new Chief Financial Officer, receiving an annual base salary of $1,000,000 and a 110% target bonus. Eimear P. Bonner will transition from CFO to President, Oil, Products & Gas, while Mark A. Nelson will remain Vice Chairman with expanded responsibilities.
Chevron's CFO will lead its oil and gas business starting Jan. 1, 2027.
Chevron has announced key senior leadership changes effective January 1, 2027. Eimear Bonner, the current CFO, will transition to president of Oil, Products & Gas, while Jeff Gustavson will take over as the new Chief Financial Officer. These changes aim to strengthen the company's portfolio, enhance competitiveness, and support long-term growth across its traditional and new energy businesses.
ConocoPhillips (COP) sees US oil production exceeding 14mln BPD in 2027 if prices remain at current levels
ConocoPhillips (COP) projects that US oil production could surpass 14 million barrels per day (BPD) by 2027, provided current oil price levels are maintained. This forecast from a major shale producer is seen as a supply signal, contingent on sustained WTI prices rather than a fixed commitment. The company is also reportedly considering an informal bid for UK North Sea assets, aligning with a trend of large independents recycling capital from mature basins.
In Alaska, Senate Candidates Claim the Oil Industry Creates Local Jobs. It Doesn’t.
In the upcoming U.S. Senate election in Alaska, both Democratic and Republican candidates are advocating for oil and gas industry expansion, citing job creation for Alaskans. However, state data reveals a growing trend of nonresidents filling these positions, with 40.5% of oil and gas jobs going to nonresidents in 2024, the third consecutive year of record gains for nonresidents in the industry. Environmental advocates and critics argue that this narrative is misleading, as the primary beneficiaries are often out-of-state companies and executives, while the state itself sees diminishing returns in terms of local employment and tax revenue.
What does the PEMEX partnership mean for Woodside Energy’s deepwater ambitions?
Woodside Energy has signed a non-binding memorandum of understanding with Mexico's state oil company PEMEX to explore additional deepwater hydrocarbon opportunities in the Gulf of Mexico. This agreement expands on their existing collaboration on the Trion ultra-deepwater oil development, which Woodside operates and is progressing on budget. The partnership signifies Woodside's strategy to diversify its portfolio with long-life oil assets outside Australia, complementing its LNG focus and providing geographic diversification amid a challenging domestic policy environment for gas.
Suncor to sell offshore Canada oil stakes to Ithaca for $842 million
Suncor Energy announced it will sell its stakes in three offshore Canadian oil assets (Terra Nova, White Rose, and West White Rose) to London-based Ithaca Energy for C$1.2 billion ($841.69 million) in upfront cash, plus a contingent payment of up to C$350 million. Ithaca will also assume all associated liabilities, including a C$500 million regulatory well compliance program and C$1.4 billion in abandonment and lease liabilities. This acquisition marks Ithaca's first international deal, establishing its presence in offshore eastern Canada, while Suncor focuses on other opportunities and increases its share repurchases.
Valero (VLO) vs Phillips 66 (PSX): Which is a Better Stock to Buy?
This article compares Valero (VLO) and Phillips 66 (PSX), two major oil refiners, to determine which is a better investment. Valero is highlighted for its better operating performance, higher free cash flow, and lower debt, making it appear as the superior stock. However, Phillips 66 offers a higher dividend yield, trades at a lower earnings multiple, and has diversified operations in midstream and chemicals, which do not depend solely on refining spreads.
Woodside Retreats on Clean Energy to Double Down on LNG
Woodside Energy Group Ltd. is scaling back its clean energy investments to focus on fossil fuels, citing a lack of market and customer appetite for lower-carbon products and delays in policy frameworks. The company plans to achieve $350 million in annual cost savings by 2028, partly by abandoning a $5 billion clean-energy project plan and reviewing its Beaumont New Ammonia project. This strategic shift comes as higher oil and LNG prices boost Woodside's earnings, and it aims to expand its fossil-fuel business, despite criticism from climate activists and analysts.
Valero (VLO) vs Phillips 66 (PSX): Which is a Better Stock to Buy?
This article compares Valero (VLO) and Phillips 66 (PSX), two crude oil refiners, to determine which is a better investment. It concludes that Valero is superior due to higher operating profit, free cash flow, and lower debt, despite Phillips 66 offering a higher dividend yield and trading at a lower earnings multiple. The analysis emphasizes that refining margins are not a moat for either company and that the midstream/chemicals business of Phillips 66 offers diversification.
SHEL | Shell PLC ADR Stock Overview (U.S.: NYSE)
This article provides an overview of Shell PLC ADR (SHEL) stock performance, financial data, and company information. It includes market data such as price, volume, market value, P/E ratio, and dividend yield. The company's segments, key executives, major holders, and historical financial statements are also detailed.
Eni, Repsol Reportedly Mull Partial Sale of Perla Natural Gas Field Stakes
Eni and Repsol are reportedly considering selling off partial stakes in the Perla Natural Gas Field. The article was published on October 4, 2026, at 6:20 AM EDT, indicating potential strategic changes for these energy companies related to their natural gas assets.
Eni, Repsol consider selling stakes in Venezuela’s Perla gas field
Eni SpA and Repsol SA are evaluating selling portions of their 50% stakes in Venezuela’s Perla natural gas field to attract outside investment. This move aims to secure more capital for developing the giant offshore field, located off Venezuela's coast, and aligns with efforts by the Trump administration to unlock the country's energy reserves. The companies have also signed an agreement with Caracas to begin exporting gas from Perla by the end of 2031, with plans to significantly increase production and export LNG.
Chevron Corp. Research & Ratings | CVX
This article provides detailed research and ratings for Chevron Corp. (CVX), including analyst ratings, stock grader sentiment, key financial metrics like EPS and dividend yield, and quarterly and yearly earnings estimates. It shows a consensus "Buy" rating with an average price target of $224.63. The article also lists peer comparisons and disclaimers regarding data sources.
Bank of America Securities Remains a Buy on Equinor ASA (0M2Z)
Bank of America Securities analyst Christopher Kuplent maintained a Buy rating on Equinor ASA with a price target of NOK480.00. Kuplent, who covers the Energy sector, has an average return of 0.7% and a 59.57% success rate. The current analyst consensus for Equinor ASA is a Moderate Sell with an average price target of NOK395.56.
Eni's Humanoid Robotics Push Deepens Its Industrial Tech Strategy
Eni S.p.A. is expanding its technology strategy through a new agreement with Generative Bionics, an Italian deep-tech company, to test and evaluate humanoid robots for industrial tasks. This collaboration aims to enhance operational efficiency, workplace safety, and data-driven monitoring, reflecting a broader trend in the energy sector where companies like Shell, Chevron, and ExxonMobil are already integrating advanced robotics and AI. The initiative also involves Eni's materials and computing divisions, highlighting a strategic combination of advanced materials, computing resources, and industrial expertise.
Eni and Repsol said to be weighing a partial sale of top Venezuela gas field
European energy companies Eni and Repsol are reportedly considering selling a portion of their stakes in the Perla natural gas field located off Venezuela's coast. This potential divestment could impact their presence in Venezuela's energy sector.
Canada Know-Risk Market Outlook | International Headlines Set The Tone Today
International headlines are significantly impacting grain markets, with crude oil prices rising and China making large purchases of U.S. soybeans. Upcoming WASDE reports and recent Russian grain export estimate cuts are expected to further influence market dynamics, particularly for soybeans and wheat. This could lead to continued bullish trends in agricultural commodities.
Delek US Holdings, Inc. (DK) latest stock news and headlines
This page provides the latest stock news and headlines for Delek US Holdings, Inc. (DK), including articles about its recent $400 million note offering and its stock performance. It also lists related news concerning other energy companies and provides performance overview statistics for DK compared to the S&P 500.
Pembina’s Pacific Link Pipeline Designated Project of National Interest by Ottawa
Pembina Pipeline's Pacific Link project, formerly the West Coast Oil Pipeline, has been designated a Project of National Interest by the Canadian government. This designation aims to streamline the regulatory process for the pipeline, which will transport up to one million barrels per day of Alberta crude to Canada's West Coast for export. The project is seen as crucial for diversifying Canada's energy exports and has the backing of company leaders and political figures, though its advancement still relies on further regulatory steps and stakeholder engagement.
Shell, Equinor & TotalEnergies' Northern Lights Secure New CCS Deal
Northern Lights, a carbon capture and storage (CCS) joint venture by Shell, Equinor, and TotalEnergies, has signed a new deal with OresundskraftKraft & Varme. This agreement involves transporting and storing CO2 from Oresundskraft's waste-to-energy facility in Helsingborg, Sweden, to a North Sea reservoir. The deal strengthens the Nordic region's CCS infrastructure and expands Northern Lights' customer base across Europe, with operations expected to begin in Q4 2029.
Eni's Humanoid Robotics Push Deepens Its Industrial Tech Strategy
Eni S.p.A. is expanding its technology strategy by partnering with Generative Bionics to test and evaluate humanoid robots for industrial tasks like inspection and remote assistance. This initiative aims to improve workplace safety, operational efficiency, and data-driven monitoring. The move aligns with a broader trend in the energy sector, as companies like Shell, Chevron, and ExxonMobil also integrate advanced robotics and AI for similar benefits, reinforcing Eni's commitment to industrial technology and innovation.
Chevron ups interest in Namibia license with drill-ready prospect
Chevron, through its affiliate Harmattan Energy Ltd., has increased its interest in Petroleum Exploration License 90 (PEL 90) offshore Namibia by acquiring Trago Energy's 10% stake for $11 million cash and future contingent payments. This deal consolidates Chevron's position in the Orange Basin, offsetting a previous divestment to Equinor and adding a drill-ready prospect, Nabba-1X, to its exploration plans in Sub-Saharan Africa. The transaction is pending governmental, regulatory, and third-party approvals.
Eni's Humanoid Robotics Push Deepens Its Industrial Tech Strategy
Eni is expanding its technology strategy by partnering with Generative Bionics, an Italian deep-tech company, to test and evaluate humanoid robots for industrial operations. This collaboration aims to improve workplace safety, enhance operational efficiency, and strengthen data-driven monitoring across Eni's assets. The initiative aligns Eni with a broader energy sector trend where companies like Shell, Chevron, and ExxonMobil are integrating robotics and AI to optimize operations.
BMO Capital Adjusts Price Target on Exxon Mobil to $178 From $170, Keeps Market Perform Rating
BMO Capital has increased its price target for Exxon Mobil (XOM) to $178, up from the previous $170. Despite the adjustment, the firm has decided to maintain its "Market Perform" rating on the oil and gas giant. The article also mentions that access to its full content is restricted to members.
Eni CEO Meets Argentine President as LNG Project Nears Investment Decision
Eni CEO Claudio Descalzi met Argentine President Javier Milei in Paris to discuss the progress of the Argentina LNG project, which is nearing a final investment decision. The project, a joint venture between Eni, YPF, and XRG, aims to monetize Vaca Muerta gas through an integrated production and export system, with initial LNG capacity of 12 million tonnes per annum. The discussions also covered the importance of a stable framework for long-term energy investment and potential international markets for Argentine LNG supplies.
Exxon, Chevron Head Into Earnings With Venezuela, LNG and Higher Oil Prices in Focus
ExxonMobil and Chevron are heading into their third-quarter earnings reports with investor attention on refining margins, crude prices, production growth, and geopolitical impacts. Chevron's developments include new agreements in Venezuela to boost production and an oil discovery in Angola, alongside the integration benefits of its Hess acquisition. ExxonMobil is advancing its Rovuma LNG project in Mozambique and strengthening its position in Papua LNG, while both companies navigate global oil price volatility and geopolitical disruptions.
Chevron Replenishes Exploration Stake in Namibian Orange Basin
Chevron has agreed to acquire Custos Energy's 10 percent stake in Petroleum Exploration License (PEL) 90 offshore Namibia for $11 million, with additional payments contingent on production. This acquisition partially offsets Chevron's recent farm-out to Equinor in the same license. The deal provides Sintana Energy, which owns Custos, with continued exposure to the significant prospectivity of PEL 90 while eliminating funding and capital risk.
TotalEnergies plans $10 billion investment in Argentina, CEO says By Investing.com
TotalEnergies announced plans to invest $10 billion in Argentina, focusing on drilling new wells in Tierra del Fuego and expanding gas production in Neuquen. CEO Patrick Pouyanne stated the company aims to increase production to 16 million cubic meters per day and expects to invest $4 billion to $5 billion over the next decade. This investment aligns with Argentina's efforts to attract foreign capital, particularly into strategic sectors like energy.
Coca-Cola vs. PepsiCo: How a $10,000 bet split into a $9,012 gap over 5 years
Over a five-year period starting October 1, 2021, a $10,000 investment in Coca-Cola grew to $18,689, significantly outperforming PepsiCo, where the same investment was worth $9,677, still below the initial amount. This nearly $9,000 gap highlights a surprising divergence in performance between two major consumer staples companies, with PepsiCo experiencing a prolonged slide despite both initially moving in lockstep. The article points out that such a substantial difference in returns is more commonly associated with volatile growth stocks than established blue-chip brands.
Venture Global jumps on ConocoPhillips LNG supply deal
Venture Global's shares climbed 3% after announcing a 20-year liquefied natural gas supply agreement with ConocoPhillips. Under the agreement, ConocoPhillips will purchase 1.0 million tonnes per annum of LNG from Venture Global starting in 2030, significantly expanding Venture Global's customer base and future supply commitments. Venture Global is a major U.S. LNG exporter with over 100 million tonnes per annum of capacity in various stages of development.
NextEra Energy Eyes 18 GW Gas Opportunity, Targets Dominion Deal Growth
NextEra Energy is making significant strides in its growth strategy, identifying 18 GW of gas opportunities, including 16 GW linked to federal hubs and a 4.6 GW project at Paducah. The company is also expanding its data-center and large-load strategy in Florida and progressing with the proposed combination of Dominion operations in Virginia and the Carolinas. This deal is projected to expand the combined company's capacity from 110 GW to approximately 240 GW by 2032, with an adjusted EPS growth exceeding 9%.
Altria Group (NYSE:MO) Raises Payout, High Yield in View
Altria Group (NYSE:MO) is highlighted for its recently raised quarterly payout and high dividend yield, positioning it as a prominent stock for income-focused investors. The company continues to navigate the evolving tobacco market by balancing its strong traditional cigarette business with a growing focus on smoke-free products. This strategy aims to sustain its generous distribution while adapting to changing consumer habits and regulatory pressures.
Borr Drilling Wins New Assignments for Norve, Natt, and Joro Rigs - News and Statistics
Borr Drilling has secured new contracts for three of its jack-up rigs: Norve, Natt, and Joro. The Norve rig will operate in West Africa for an estimated 245 days, the Natt rig will continue with Shell Nigeria for an extended period, and the Joro rig will undertake accommodation activities in the UK for approximately 60 days. These assignments add to the company's recent contract successes across various global locations.
Can Robotics Reshape How Chevron Runs Its Global Operations?
Chevron Corporation is increasingly integrating robotics into its field operations to enhance safety, efficiency, and data quality, leading to significant cost savings and reduced hazardous work hours. The company has saved over $92 million and eliminated 143,000 at-risk hours since 2024 through robotic tank inspections and other automated tasks. Other energy majors like Shell and TotalEnergies are also adopting similar robotic technologies, indicating a broader industry trend towards automation in operational monitoring and inspection.
Exxon, Suncor Bid to Block Climate Suits at US Supreme Court (1)
Exxon Mobil Corp. and Suncor Energy Inc. are petitioning the US Supreme Court to dismiss a climate change lawsuit filed by the city and county of Boulder, a case that could impact dozens of similar actions across the country. The oil companies argue that climate change is a global issue beyond the scope of state-level litigation and that federal law, specifically the Clean Air Act, should govern such matters. The Justice Department supports the companies' position, while environmental groups and local governments contend that states should be able to protect their citizens from in-state harms under traditional tort doctrines.
ConocoPhillips Weighs Selling Its Norway Business
ConocoPhillips is considering an unsolicited offer to sell its Norway business and the Teesside oil terminal in the UK, as Brent crude approaches $100 a barrel. This move is part of the typical portfolio reshuffling by major oil companies to fund higher-return projects or shareholder payouts. A potential sale would provide a real-time valuation for these assets, allowing analysts to re-evaluate the company's sum-of-the-parts valuation and influence stock performance.
Halliburton Company (HAL) latest stock news and headlines
This page provides a collection of the latest news and headlines regarding Halliburton Company (HAL), including its stock performance and various news articles from different financial outlets. Key recent developments include Deep Isolation's nuclear waste disposal demonstration, Halliburton's involvement in Venezuela's oil revival through new deals, and analyst insights into its stock valuation and market performance compared to broader indices. The article also includes Halliburton's stock price information and performance overview against the S&P 500.
Chevron will stream its earnings call live on Oct. 30.
Chevron Corporation (NYSE: CVX) has announced its third-quarter 2026 earnings conference call will take place on Friday, October 30, 2026, at 11:00 a.m. ET. The call will feature Chairman Mike Wirth, Vice Chairman Mark Nelson, CFO Eimear Bonner, and Head of Investor Relations Jeanine Wai, and can be accessed via dial-in or live webcast on Chevron's website. A replay will also be available on the company's "Investors" section.
Venezuela's Oil Comeback Puts These 4 Energy Stocks in Focus
Venezuela's oil and gas industry is experiencing a resurgence, attracting significant interest from international energy companies like Eni, TotalEnergies, Chevron, and Halliburton. This renewed focus is driven by Venezuela's vast hydrocarbon resources and ongoing global supply uncertainties, offering potential investment opportunities across the energy value chain. The article highlights how these companies are strategically positioning themselves through new agreements and investments to capitalize on Venezuela's production growth and demand for oilfield services.
