By: Liz Hampton – Reuters – The third-largest U.S. public pension fund on Thursday said it is launching reviews over climate concerns...
By: Sabrina Valle in Houston, Liz Hampton in Denver, and Shariq Khan – Reuters – Exxon Mobil Corp has begun marketing U.S....
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By: Anna Shiryaevskaya, Stephen Stapczynski, and Ann Koh – Bloomberg News – The era of cheap natural gas is over, giving way...
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By: Adrian Hedden – Carlsbad Current Argus – As gas production ramps up again New Mexico’s Democrat leaders in Congress urged the...
By: Brian Maffly – Salt Lake Tribune – There were just three rigs drilling in Utah’s oil and gas fields last January...
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By: Barry Po – Forbes – The winds of change are howling in the world of heavy industry. If there were any...
Stocks scored back-to-back gains on Tuesday as investors waited on an inflation update due Wednesday from the June consumer-price index. The Dow Jones Industrial Average posted a near 317-point gain, advancing 0.9%, to end near 34,260, according to preliminary FactSet data. That marks its biggest daily percentage gain since June 15, according to FactSet. The S&P 500 index closed up 0.7%, while the Nasdaq Composite Index gained 0.6%.
Stocks have been on the upswing ahead of a key inflation reading for June, with the consumer price index expected to show further progress in retreat from its peak above 9% last summer. The Federal Reserve has indicated it likely has a few more rate hikes on tap this year to help bring inflation down toward its 2% annual target. Investors also will be tuning into second-quarter earnings, which kick off in earnest later in the week with results from some of the nation’s biggest banks.
@exxonmobil signals profit drop, cites lower prices
Operating earnings dropped to about $7.8 billion, when surging oil and gas prices after Russia's invasion of Ukraine boosted global energy results to record levels.
Read more on https://t.co/F1Gjv1sWnn#OGNews #profit pic.twitter.com/FiznawwAi1
— OGN - Media for the Energy Future (@OGN_Online) July 11, 2023
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