Thousands were evacuated overnight in China after land collapses caused large cracks on nearby streets. Footage shows bulged and warped roads, with some buildings even tilting with the pressure. We spoke to impacted residents for the latest. Topics in this episode: Thousands Evacuated in China’s Tianjin China Slams U.S. Over Alleged Cuba Spy Base Heavy…
IN-DEPTH: Oil Company Profits Soar
May 3, 2023
admin
BPBusiness & MarketsChevronCompaniesearningseconomic policieseconomyenergyExxonInvestmentMarketsoil companiesprofitsUS
0 Comment
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…
ANALYSIS: Oil Company Profits Soar
May 3, 2023
admin
BPBusiness & MarketsChevronCompaniesearningseconomic policieseconomyenergyExxonInvestmentMarketsoil companiesprofitsUS
0 Comment
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…
NTD Business (April 28): Digital Health Device Cybersecurity Risk? IRS Hiring More Armed Tax Enforcers
April 28, 2023
admin
armed agentsBusiness & MarketsCompaniescybersecurityeconomyEpochTVExxonFederal ReserveIRSjerome powellLive VideosMarketsmedical deviceMercedesNTD Businesspersonal financeUSVideo
0 Comment
Exxon-Mobil reported bumper profits last quarter, despite falling gas prices. What contributed to the record? You can now add horsepower to an EV Mercedes, but at a cost. The IRS commissioner confirmed the agency is hiring armed tax agents nationwide as part of President Joe Biden’s push to shore up enforcement. But the IRS says…
Exxon Delivers Record 1st-Quarter Profit on Higher Output
HOUSTON—Exxon Mobil Corp. on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied to efforts to counter COVID-19…
Oil Companies Testing Low-Emissions Gasoline as an Electric Vehicle Alternative
The two biggest U.S. oil companies are testing the production of new, less carbon-emitting blends of gasoline, as the government push for electric vehicles (EVs) gets more pronounced. Chevron Corp. and Exxon Mobil Corp. are testing gasoline production from non-fossil sources, a move that could extend the period gasoline-powered vehicles remain available for purchase, as…
Exxon’s Vigorous Comeback
Commentary In 2020, I wrote about “The Fall of Mighty Exxon.” The “fall” referred to Exxon’s stock having been dropped from the Dow Jones Industrial Average (DJIA) after a 92-year stretch of being a mainstay of that index. In retrospect, just two-and-a-half years later, hindsight indicates that dropping Exxon from the Dow may have been…
NTD Business (Jan. 31): Pfizer Expects COVID Vaccine Sales Dip; Exxon Sets New Record for Western Oil Profit
Pfizer stock lost $43 billion in value this month, and it’s expecting a big drop in sales this year for its COVID-19 products. Oil giant Exxon, breaking the profit record for the Western oil industry. How did it make so much money? The Federal Reserve set to raise interest rates again this week. We talk to…
Exxon Smashes Western Oil Majors’ Earnings Record With $56 Billion Profit for 2022
HOUSTON—Exxon Mobil Corp. posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring…
ExxonMobil Launches Legal Challenge Against EU Over Windfall Profit Tax
ExxonMobil has filed a lawsuit against the European Union (EU) over a windfall tax on energy companies announced in September, arguing that the move is “counterproductive” and will “undermine investor confidence.” The Texas-headquartered oil and gas company announced the legal challenge against the bloc, which will be decided on by the European General Court, in a statement to media…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`