Petrobras (PBR) closed at $12.70 in the latest trading session, marking a -2.83% move from the prior day. This change lagged the S&P 500's 0.96% gain on the day. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%. Prior to today's trading, shares of the oil and gas company had gained 10.39% outpaced the Oils-Energy sector's gain of 6.67% and the S&P 500's gain of 0.5%.Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclo ...

Company Performance - Chevron's stock closed at $146.86, reflecting a -1.8% change from the previous day, underperforming the S&P 500's gain of 0.96% [1] - Over the past month, Chevron's stock has increased by 9.53%, outperforming the Oils-Energy sector's gain of 6.67% and the S&P 500's gain of 0.5% [1] Earnings Expectations - Analysts expect Chevron to report earnings of $1.58 per share, indicating a year-over-year decline of 38.04% [2] - The consensus estimate for Chevron's revenue is $46.87 billion, representing an 8.41% decrease compared to the same quarter last year [2] Fiscal Year Projections - For the fiscal year, earnings are projected at $6.87 per share and revenue at $190.14 billion, reflecting declines of -31.64% and -6.24% respectively from the prior year [3] - Recent changes in analyst estimates suggest a positive outlook for Chevron's business [3] Valuation Metrics - Chevron's Forward P/E ratio is currently 21.77, which is a premium compared to the industry average of 11.11 [6] - The PEG ratio for Chevron stands at 2.63, higher than the industry average PEG ratio of 1.89 [6] Industry Context - The Oil and Gas - Integrated - International industry, which includes Chevron, has a Zacks Industry Rank of 202, placing it in the bottom 18% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Secretary Wright. Yesterday I was on the phone all day with high level insurance sources who said one after the other their primary concern is the straight of Hormuz remaining open because the disruption in trade routes has trickle down effects even for companies that don't have direct exposure to the Persian Gulf or to Iran directly and many companies don't because of the sanctions that have been in place for so long. Can you give us in some insight into how the US military is thinking about the straight o ...

NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Pelican Acquisition Corporation (NASDAQ: PELI, the “Company” or “Pelican”), a Cayman Islands exempted company formed as a special purpose acquisition company, today announced that it has entered into a non-binding letter of intent (“LOI”) with Greenland Exploration Limited (“Greenland Exploration” or “GEL”) to pursue a potential business combination. Greenland Exploration is a Texas-based special purpose vehicle focused on developing strategic interests in North A ...

Shares of ExxonMobil (XOM -2.58%) were up as much as 2% earlier on Monday, before plunging to a 3.1% decline and then recovering slightly to a 2.5% decline to end the trading day.There wasn't any company-specific news today. However, the roller-coaster performance from the largest U.S.-based oil and gas giant came as investors initially feared a potential severe response from Iran to last weekend's bombing of its nuclear facilities by the U.S.But as news came in through the day, it appears the actual respon ...

BIRMINGHAM, Ala. and NEW YORK, June 23, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) ("Diversified," or "DEC"), a leading publicly traded natural gas and liquids production company, and global investment firm Carlyle (NASDAQ: CG) have today announced a strategic partnership to invest in up to $2 billion in existing proved developed producing (PDP) natural gas and oil assets across the United States. This exclusive partnership will combine Carlyle’s deep credit and structurin ...

Core Insights - Caterpillar Inc. is increasingly depending on its Energy & Transportation (E&T) segment to mitigate the effects of ongoing weakness in its Construction Industries and Resource Industries segments [1] Group 1: E&T Segment Performance - The E&T segment generated $28.8 billion in revenues in 2024, representing 47% of Caterpillar's total revenues, with a compound annual growth rate (CAGR) of 12.5% from 2021 to 2024 [2][12] - Operating margins for the E&T segment have improved from 18.7% in Q3 2022 to 24.3% in Q1 2025, helping to offset declines in the other segments [3][12] - Projections indicate that the E&T segment's operating margin will reach 24.8% in 2025, with operating profit expected to be $6.02 billion, a 5.1% increase year-over-year [4] Group 2: Future Growth Expectations - E&T segment sales are forecasted to grow by 1% to $29.2 billion in 2025, while the Construction Industries and Resource Industries segments are expected to decline by 6.4% and 3.7%, respectively [5] - Over the 2024–2027 period, the E&T segment is anticipated to grow at a CAGR of 2.5%, outperforming the Construction Industries' projected 0.6% and Resource Industries' 2.1% growth [5] Group 3: Market Drivers - Key growth drivers for the E&T segment include sustainability initiatives in the Oil and Gas sector, which accounts for 29% of segment sales, and increasing demand from data centers supporting generative AI, which is expected to boost Power Generation sales (32% of segment sales) [6] - The transportation sector is also expected to see sales improvements due to increased rail services, while growth in marine and industrial sectors will further enhance the segment's performance [7] Group 4: Competitive Landscape - Caterpillar's E&T segment competes with Cummins Inc.'s Power Systems segment and GE Vernova Inc.'s Power segment [8] - Cummins' Power Systems segment contributed 16% of its total sales in 2024, with a 13% increase to $6.4 billion year-over-year [9] - GE Vernova's Power segment generated $18 billion in fiscal 2024, marking a 4% increase year-over-year, with expectations for mid-single-digit organic revenue growth in 2025 [10][11]

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J P M O R G A N MENA Emerging Markets Research 20 June 2025 GCC: Large flows through a narrow Strait As tensions rise, the importance of the Strait of Hormuz is once more in the spotlight Risks around the Strait of Hormuz have returned to center stage since the offensive launched by Israel and the Iranian retaliation. Safe passage through the Strait is vital for global hydrocarbon trade and for most of the Middle-East oil producers. About 20% of global oil trade and 30% of seaborne oil trade passes through ...

Commodities Oil Drilling Report Lifting 2026 supply growth forecast amid reported surge in hedging activity Table 1: Baker Hughes rig count Total rigs by basin | | Anadarko | Bakken | Eagle Ford | Niobrara | Permian | Total Oil | Haynesville Marcellus/ | | Total Gas | Total US | Total US | Total US | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | Basins | | Utica | Basins | Oil Rigs | Gas Rigs | Rigs | | 20-Jun-25 | 47 | 31 | 50 | 25 | 271 | 424 | 39 | 35 | 74 ...