SVP and a group of creditors to Kloeckner Pentaplast are in talks to restructure the German packaging company’s balance sheet as it faces ongoing earnings pressure from rising costs, according to sources https://t.co/CYedFm1ALy ...

Group 1: Earnings Reports Overview - Chevron Corp and Exxon Mobil Corp are set to report first-quarter earnings, with both companies experiencing significant stock declines this year [1][3] - Chevron's stock is down nearly 20% in the past month and 7.46% year to date, with expected earnings per share (EPS) of $2.18 on revenue of $48.09 billion [1][4] - Exxon Mobil's shares have dropped over 11% this month and 1.58% year to date, with analysts projecting an EPS of $1.70 on revenue of $86.09 billion [3][4] Group 2: Technical Analysis - Both Chevron and Exxon Mobil stocks are trading below their eight, 20, 50, and 200-day simple moving averages (SMAs), indicating a strongly bearish trend [1][3] - Chevron's 50-day SMA has crossed below the 200-day SMA, forming a "Death Cross," which further validates the bearish outlook [2] Group 3: Market Conditions and Challenges - Both companies are facing earnings pressure due to crude oil price volatility, uncertainties regarding global demand, and challenges from green energy initiatives [4][5] - A notable difference is that Exxon's revenue base is nearly double that of Chevron's for the quarter, providing it with more capacity to absorb macroeconomic pressures [4]