By: Wall Street Journal – Dwindling stockpiles of diesel have driven prices to a record premium over gasoline and crude oil, showing...
Story by Emily Patsy, Hart Energy: Diamondback Energy Inc. continued to add onto its position in the Midland portion of the Permian...
By: Reuters – Oil output in the Permian Basin is set to hit another record of 5.499 million barrels per day in...
Bob Campbell, Odessa American, Texas. Observing its 10th anniversary as a publicly traded company, Diamondback Energy had a successful third quarter and...
By: AP – The U.S. Interior Department’s plan to withdraw hundreds of square miles in New Mexico from oil and gas production...
By: SF Chronicle – Marin County is poised to require that new buildings get all of their energy from electricity rather than...
Business Insider: Two ships with their trackers turned off sailed near the leak sites of the Nord Stream 2 pipelines just days...
By: EPA.gov – January Environmental Services, Inc., January Transport, Inc., and company-owner Cris January will pay civil penalties of $1.9 million and...
The Apache Corp. says the Permian Basin was a key player in its successful third quarter with newly acquired properties in the...
Oil prices erased earlier losses and moved higher on Thursday just after the U.S. Bureau of Labor Statistics released data for October...
Shares of Walmart Inc. surged 2.9% in premarket trading Thursday, after the discount retail giant’s fiscal first-quarter results beat on every key metric, and the full-year outlook was maintained in the face of economic and tariff-related uncertainties.
Adjusted earnings per share for the quarter to April 30 rose to 61 cents from 60 cents a year ago, and beat the average analyst EPS estimate compiled by FactSet of 58 cents. That marked the 12th straight quarter of bottom-line beats, according to FactSet data.
Total revenue grew 2.5% to $165.6 billion, above the FactSet revenue consensus of $165.69 billion, as comparable sales for Walmart U.S. stores increased 4.5% to beat expectations of 3.8%.
For the full-year of fiscal 2026, Walmart said it still expects net sales growth of 3% to 4% and adjusted EPS of $2.50 to $2.60.
U.S. stocks closed mostly higher on Wednesday, although the blue-chip Dow sealed back-to-back drops while longer-term Treasury yields kept marching higher.
According to Dow Jones Market Data, the 10-year Treasury yield rose to 4.529% on Wednesday, climbing for a fifth straight session and touching its highest level since Feb. 12.
The Dow Jones Industrial Average fell 89.37 points, or 0.2%, ending at 42,051.06.
The S&P 500 gained 6.03 points, or 0.1%, finishing at 5,892.58.
The Nasdaq Composite rose 136.72 points, or 0.7%, closing at 19,146.81.
Higher bond yields can pressure stocks by keeping borrowing costs elevated, crimping consumer spending and potentially eroding future earnings power.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
By Clyde Russell (Reuters) – There are early signs that some Asian countries are...
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