A Nordic hedge fund worth more than $ 90 billion (£ 68.6bn) has its shares in some of the world’s largest oil companies and miners responsible for lobbying against climate action. Storebrand, a Norwegian asset manager, split from miner Rio Tinto, as well as US oil giants ExxonMobil and Chevron …
Read More »Chevron is looking to Iraq for next major oil investment
By Julianne Geiger – 17 Aug 2020, 17:00 CDT US oil giant Chevron Corp (NYSE: CVX) is on the hunt for a new oil investment, and it is looking into the potentially lucrative and unstable area of Iraq. Chevron is mulling over a memorandum of understanding with the Iraqi government …
Read More »Exxon Mobil and Chevron report earnings on Friday. What to Expect
Text size David McNew / Getty Images Exxon Mobil and Chevron report earnings on Friday amid a bleak period for energy reserves. Most of the oil and gas names collapsed on Thursday, because the path back to “normal” in recent months is likely to be more complicated than investors initially …
Read More »Amazon, Apple, Boeing, Starbucks, Visa and other actions to see this week
Text size It is the busiest week of the second quarter earnings season, with 171 S&P 500 companies slated to report. Things start slowly on Monday, before 3M, Advanced Micro Devices, eBay, McDonald’s, Pfizer, Starbucks and Visa reported on Tuesday. On Wednesday, Boeing, Facebook, General Electric, PayPal Holdings, Qualcomm and …
Read More »NRG to buy direct power from Centrica for $ 3.6 billion
Text size JOSH EDELSON / AFP via Getty Images Centrica’s shares soared more than 17% after it agreed to sell Direct Energy, its North American energy business, to NRG Energy for $ 3.6 billion in cash. Houston-based Direct Energy provides electricity, natural gas, and home services to consumers and businesses …
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