Rio Tinto CEO Jean-Sébastien Jacques attended an annual general meeting in Perth, Australia on May 9, 2019. Jacques will lose about $ 3.5 million in bonuses due to the destruction in May of Australian inland holy sites, the mining company said on August 24, 2020. Will Russell / Associated Press …
Read More »Oil industry fears over recruitment of its next generation of workers
Two years out of college, Leah Sanders made as much as $ 19,000 a month using oil wells in Kuwait. After being fired in May by oilfield giant Schlumberger Ltd., she returned with her parents to Tennessee, earning $ 15 an hour to help with her father’s construction business. She …
Read More »Exxon’s debt burden is expected to increase as it commits to paying dividends
Investors had braced themselves for the bad news for Exxon Mobil Corp. and Chevron Corp., and their fears were confirmed on Friday when both power companies reported second-quarter results that showed sharp declining sales and losses amid economic destruction caused by the coronavirus. Exxon XOM, -0.58% reported an adjusted loss …
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 …
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