U.A.E. Changes How It Prices Its Crude Oil Grades
The United Arab Emirates' state-oil company said that it will base its official selling prices on the prompt-month Platts Dubai benchmark starting from Nov. 1.
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Westinghouse Electric Files Confidentially for IPO
Nuclear technology and services supplier Westinghouse Electric has confidentially filed a draft registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock
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Big Oil Is Reaping Rewards From the Chaos in Energy Markets
ExxonMobil's earnings doubled and Chevron posted its highest quarterly earnings on record as energy prices soared during the prolonged closure of the Strait of Hormuz.
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BP Puts U.K. North Sea Business Up for Sale
The energy major said that it would market the business to potential buyers, paving the way to end oil production in its home country after 60 years.
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Eaton Stock Jumps on AI Relief After Earnings Beat
The electrical infrastructure supplier reported second-quarter earnings per share of $3.15, with sales of $8.5 billion. Wall Street was looking for EPS of $3.07 and sales of $8.2 billion.
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Energy & Utilities Roundup: Market Talk
Find insight on oil futures, oil rigs, OPEC+ and more in the latest Market Talks covering energy and utilities.
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Oil Posts Big Monthly Gains on Resumption of Conflict
Oil futures settled up on the day and ended July with hefty gains as the month saw renewed Iranian attacks on shipping in a dispute with the U.S. over control of the Strait of Hormuz.
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Diesel Back in Spotlight as Middle East Conflict Escalates
A global shortage of diesel, made worse by Ukrainian attacks on Russian refineries and lower Chinese refinery runs, has kept prices rising with implications for economies and inflation.
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Chevron Earnings and Oil's 20% July Jump Are Great News for the Stock
Chevron is benefiting from higher oil prices while pursuing new growth opportunities in Iraq, Venezuela, Argentina, and power generation for AI data centers.
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Exxon Delivers Best Earnings in Years. Why It's Not Enough for a Stock Boost.
ExxonMobil stock slipped as it reported quarterly adjusted earnings of $3.52 a share.
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American Oil Majors Trying to Get Into Venezuela Have Hit a Wall
Exxon, Chevron and others are jockeying for the best oil fields, but talks aren't progressing as quickly as the Trump administration hoped.
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First Solar Sales Fall on Contract Cancellations
The solar technology company said customer contract cancellations offset an increase in module sales to third parties.