Gas prices have fallen 19% since September, hit lowest point of year ahead of holiday
Retail gas prices are falling as U.S. crude oil has booked seven straight weeks of losses.
The top 10 things to watch in the stock market Monday
U.S. stocks are muted Monday following last week’s push to a new 52-week high, while Cigna abandons its pursuit of Humana.
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion.
Australia energy giants Woodside and Santos in talks to create $52 billion gas powerhouse
Santos and Woodside Energy have opened talks to discuss a potential merger in what could create a $52 billion oil and gas behemoth.
Exxon CEO dismisses worries FTC could hold up Pioneer deal, does not see competition concerns
Exxon CEO Darren Woods said the Pioneer deal is small in the context of the broader market.
Falling oil prices is hurting energy names. But plenty of others stocks stand to gain
Oil prices fell below $70 per barrel Wednesday. It’s good news for the Fed, and stocks across a host of non-energy industries.
U.S. crude drops below $70 per barrel, gas prices fall to 11-month low
U.S. crude declined nearly 4% on Wednesday with retail gasoline prices hitting the lowest point this year ahead of the holiday shopping and travel season.
Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes
The oil giant plans to increase its annual share repurchase program to $20 billion in 2024 through 2025 after the Pioneer deal, up from $17.5 billion in 2023.
The top 10 things to watch in the stock market Wednesday
U.S. stocks are higher in premarket trading Wednesday, amid increasing signs the labor market is loosening.
Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’
The burning of coal, oil and gas is by far the largest contributor to the climate crisis.