Top oil companies continue to see massive earnings, according to published earnings reports for the first quarter of 2023 this week. Energy prices have been soaring following Russia’s invasion of Ukraine in February 2022 and due to persistent global demand. TotalEnergies, ExxonMobil, Chevron, BP, and Shell reported a combined record profit of $153.5 billion in 2022…
IN-DEPTH: Oil Company Profits Soar
May 3, 2023
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ANALYSIS: Oil Company Profits Soar
May 3, 2023
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BPBusiness & MarketsChevronCompaniesearningseconomic policieseconomyenergyExxonInvestmentMarketsoil companiesprofitsUS
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Top oil companies continue to see massive earnings, according to published earnings reports for the first quarter of 2023 this week. Energy prices have been soaring following Russia’s invasion of Ukraine in February 2022 and due to persistent global demand. TotalEnergies, ExxonMobil, Chevron, BP, and Shell reported a combined record profit of $153.5 billion in 2022…
UPS Flashes Warning Sign for the Direction of the US Economy
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Netflix Reports Mixed Earnings as Password Crackdown Set to Expand
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Canada Goose Q3 Results Highlight Challenges of Doing Business in China
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Big Tech Earnings Face More Heat as Cloud Cover Fades
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Wall Street Rally Hits Wall of Hot Jobs, Cold Earnings Data
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Ferrari Vows ‘Even Stronger’ 2023 With More New Models
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Stocks Sink as Markets Brace for Big Week With Fed, Earnings
NEW YORK—Stocks sank Monday as Wall Street prepped for a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. The S&P 500 dropped 1.3 percent, giving back some of the gains that had carried it last week to its highest level since…
Intel Shares Plunge on Disappointing Earnings Report, Weak Year Ahead Forecast
The stock of chip giant Intel plunged on Jan. 26 after the company reported disappointing fourth-quarter results and forecast more losses for the first quarter of 2023. Intel’s stock price fell nearly 10 percent in extended trading after the Santa Clara, California-headquartered giant reported fourth-quarter revenue of $14 billion, down 32 percent year over year. Market analysts…
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