Energy producers, heavy industry, machinery, infrastructure, and manufacturing leaders.
A recent market commentary argues Chevron’s latest agreement tied to Iraq could reduce the market’s sensitivity to Middle East conflict over the coming decade, even as oil-price and geopolitical risks remain unavoidable.
THE APEX TIMES
THE APEX TIMES
Exxon Mobil reported second-quarter earnings that fell short of Wall Street expectations, a move analysts sought to explain despite a rebound in crude prices late in the prior period. The company’s release and trading expectations, however, do not fully reveal which line items offset the benefit of higher oil.
THE APEX TIMES
Chevron’s quarterly profit jumped sharply, lifting sentiment for an oil major as higher crude prices supported earnings.
THE APEX TIMES
In a report tied to Chevron’s latest results, the company posted adjusted profit of about $12 billion, with upstream earnings rising sharply and refining performance reaching levels not seen in roughly a decade.
THE APEX TIMES
Exxon Mobil reported profit more than doubling to $14.7 billion for the quarter, but investors responded negatively to lower production and an earnings miss, even as oil prices stayed supportive.
THE APEX TIMES
The company’s top executive said the link between crude price swings and near-term gas market relief is weaker than investors may expect.
THE APEX TIMES
Ahead of its second-quarter results, Caterpillar (CAT) is moving into a market moment shaped by expectations for double-digit revenue and profit growth, even as policy risks and a premium valuation complicate the outlook.
THE APEX TIMES
GE Aerospace shares rose Friday, snapping back after a pullback that left the stock sitting near a widely watched technical level, according to IBD.
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In a late-July earnings call recap posted by Yahoo Finance via MarketBeat, Chevron said second-quarter results rose on the back of higher upstream realizations, production volumes, and improved refining margins.
