(Bloomberg) – Europe’s oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking U.S. peers remains stubbornly wide. After companies such as bp Plc embraced net …
Pressure mounted on oil majors on Friday as Norway’s giant sovereign wealth fund said it would vote against CEOs at Chevron CVX.N and Exxon XOM.N and support for a climate activist resolution at TotalEnergies’ AGM surged to over 30%.…
As Exxon and Chevron focus more on shareholder returns and less on speculative spending, they are both reining in investments in large international oil projects and focusing more on investing in the Americas.
Chevron says it’ll use 70% …
HOUSTON (Bloomberg) –A rally in oil prices lifted U.S. energy stocks to the highest since the pandemic emerged more than two years ago.
The S&P 500 Energy Index rose 2.3% Thursday to the highest close since Jan. 7, …
