|
|
|
|
|
|
|
|
|
02.05.26 - 17:54
|
UAE Departs OPEC as Iran Feel Economic Sting of Blockade (Bloomberg)
|
|
|
Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the Iran war. Bloomberg Opinion Energy and Commodities Columnist joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
01.05.26 - 19:18
|
Chevron, ConocoPhillips Warn About "Critical Shortages" Of Oil, Soaring Prices And Demand Destruction (ZeroHedge)
|
|
|
Chevron, ConocoPhillips Warn About "Critical Shortages" Of Oil, Soaring Prices And Demand Destruction
This morning, most of the world's energy giants including Exxon and Chevron, reported stellar earnings as surging oil prices more than offset curtailed output. They also issued several loud warnings about the ongoing Hormuz blockage which is no closer to resolution.
ConocoPhillips was first, warning of imminent “critical shortages” of oil for some nations as the Iran war that has crippled global energy flows enters its third month.
The supply crunch that already pushed Brent prices up more than 50% in just nine weeks and just 2 days ago hit a multi-year high, appears likely to significantly worsen as soon as June, Chief Financial Officer Andy O'Brien told analysts during a conference call Thursday.
“The biggest challenge we're about to face is that the markets sort of had a bit of a grace period initially when the tankers that left the Persian Gulf in late February were ...
|
|
|
|
|
01.05.26 - 18:54
|
Exxon and Chevron quarterly earnings fall despite soaring oil prices (The Guardian)
|
|
|
US oil giants report big drops in profits due to Iran war disruptions but are expected to eventually reap benefitsExxon Mobil and Chevron reported drops in profit in their first quarter despite surging oil prices, a result of stalled deliveries and supply disruptions in the Middle East.Exxon's quarterly earnings fell to $4.2bn from about $7.7bn the same quarter last year, a decline of about 46%, while Chevron's profits fell to $2.2bn from about $3.5bn, down about 37%. Still, both companies beat Wall Street expectations. Continue reading......
|
|
|
|
|
|
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
