Battle of oil titans Chevron and Exxon over Guyana oil project could impact top energy ETFs. M&A, arbitration, and activist investors add to the stakes.
ExxonMobil (NYSE: XOM) to sell its controlling interest in Esso SAF to North Atlantic France SAS, part of strategic shift to streamline global footprint.
Bloomberg News reported late last week that the Treasury Department will grant the waiver authorizing Chevron to carry out only critical upkeep and safety-related functions.
Rubio's announcement on X late Wednesday was a complete reversal from U.S. special envoy Richard Grenell, who said the license would be extended for 60 days.
Shareholders elected former ConocoPhillips Chief Financial Officer Sigmund Cornelius and former Targa Resources executive Michael Heim among Elliott’s nominees.
U.S. stocks trimmed early-session losses by midday Monday, as investors showed limited concern after Moody's downgraded U.S. sovereign credit from Aaa to Aa1, effectively stripping the world's largest economy of its last top-tier credit rating.
Paul Singer, Elliott Management's founder, made bold energy bets in Q1 of 2025, investing $2B each in Phillips 66 and Suncor Energy, while trimming exposure to broader market ETFs.
Wall Street fought for a fifth consecutive day of gains on Friday, with major indexes edging slightly higher by midday in New York as investors continued to digest the week's significant trade breakthroughs and recalibrate their economic expectations.
