After reporting Q2 net earnings of $690 million or $1.07 per...
After reporting Q2 net earnings of $690 million or $1.07 per diluted share, Devon Energy will release its Q3 financial report on Tuesday.
The company plans to make the earnings report available after the close of U.S. financial markets and follow it with a conference call on Wednesday at 10 a.m.
With adjustments, the company’s Q2 earnings were $755 million or $1.18 a share. It had $1.4 billion in cash flow during the quarter which funded all of the company’s capital requirements.
Benchmark U.S. crude oil for December delivery rose 31 cents to $80.82 per barrel Monday. Brent crudefor January delivery rose 29 cents to $85.18 per barrel.
Wholesale gasoline for December delivery rose 4 centsto $2.24 a gallon. December heating oilrose 3 centsto $2.95 a gallon. December natural gasfell 26 centsto $3.26 per 1,000 cubic feet.
Nasdaq climbs for 7th day in longest winning streak since January
U.S. stocks edged higher on Monday, rising for a sixth straight...
U.S. stocks edged higher on Monday, rising for a sixth straight session as the market built on its gains from the best week of 2023.The S&P 500SPX gained 7.65 points, or 0.2%, to close at 4,365.99. Its six-session winning streak is the longest since June, while the Dow’s six-day streak is its longest since July. The Nasdaq CompositeCOMP rose by 40.50 points, or 0.3%, to 13,518.78, rising for a seventh day for the first time since January. The Dow Jones Industrial AverageDJIA gained 34.54 points, or 0.1%, to 34,095.86. All three indexes logged their biggest advance of the year last week as dovish Federal Reserve comments and Friday’s jobs report inspired investors to dive back into stocks after a rough stretch for the market.
Exxon’s Early Lithium Production Efforts ‘Promising’
Exxon Mobil’s early foray into lithium brine production is “looking more and more promising,” CEO...
Exxon Mobil’s early foray into lithium brine production is “looking more and more promising,” CEO Darren Woods said in third-quarter earnings. The company acquired drilling rights for more than 100,000 gross acres in southern Arkansas for lithium brine production.
Woods said Exxon has challenged Dan Ammann, president of its Low Carbon Solutions segment, to develop a business plan for lithium production that can effectively compete for capital in Exxon’s project portfolio.