Oil and Gas
Search documents
U.S. seizes oil tanker off the coast of Venezuela: Report
CNBC· 2025-12-10 19:00
Core Points - U.S. forces have seized a sanctioned oil tanker off the coast of Venezuela, indicating heightened tensions and enforcement of sanctions against the Venezuelan oil industry [1] - U.S. crude oil prices increased by 10 cents, or 0.17%, reaching $58.35 per barrel, while Brent crude rose by 15 cents, or 0.24%, to $62.09 per barrel, reflecting market reactions to geopolitical events [1] - President Donald Trump has intensified pressure on Venezuelan President Nicolas Maduro in recent weeks, suggesting a strategic shift in U.S. foreign policy towards Venezuela [1]
Exxon Mobil Corporation (NYSE:XOM) Sees Positive Analyst Sentiment and Stock Movement
Financial Modeling Prep· 2025-12-10 18:09
Core Viewpoint - Exxon Mobil Corporation is a leading player in the oil and gas industry, with a recent price target set by Morgan Stanley indicating potential growth [1][6] Group 1: Stock Performance - The stock has shown a 1.8% increase during mid-day trading, following an upgrade by BNP Paribas from a strong sell to a hold [2][6] - Trading volume surged to over 23.7 million shares, marking a 48% increase from the average session volume of approximately 16 million shares, indicating heightened investor interest [3][6] Group 2: Analyst Ratings and Price Targets - Devin McDermott from Morgan Stanley set a price target of $137 for Exxon Mobil, suggesting a potential increase of 15.88% from its current price of $118.23 [1][6] - Mizuho adjusted its target price for Exxon Mobil from $124 to $123 while maintaining a neutral rating [4] - BNP Paribas Exane upgraded Exxon Mobil from underperform to neutral, setting a price objective of $114 [4] Group 3: Market Capitalization and Stock Volatility - Exxon Mobil's market capitalization is approximately $498.6 billion, reflecting its significant presence in the energy sector [5] - The stock has fluctuated between a low of $116.89 and a high of $120.47 today, with a 52-week range of $97.80 to $120.81, indicating volatility and potential for growth [5]
Chevron CEO on Oil Price, Demand, Venezuela, AI Power
Bloomberg Television· 2025-12-10 17:34
So let's start about that 199 a gallon. It might be great for a lot of people in terms of filling up their gas tanks. A real question around drill, baby, drill, and how much you're incentivized to increase production given the lower cost of oil.Well, you know, we make our investment plans on a long term basis. We look at supply and demand well out into the future. And so the price of oil today can affect short term financial performance of the company, but it really doesn't play as much in some of the longe ...
Guardian Wealth Takes $5.1 Million Stake in Viper Energy, According to Recent SEC Filing
The Motley Fool· 2025-12-10 17:29
Guardian Wealth bought over 133,000 shares of Viper Energy during the third quarter of 2025.Guardian Wealth Management, Inc. disclosed a new position in Viper Energy (VNOM 0.23%) worth an estimated $5.12 million, according to a November 14, 2025, SEC filing.What HappenedAccording to a Securities and Exchange Commission (SEC) filing dated November 14, 2025, Guardian Wealth Management, Inc. opened a new position in Viper Energy during the third quarter. The fund reported ownership of 133,874 shares, with a ma ...
Crude Oil Prices Weakens on Oversupply Concerns
Yahoo Finance· 2025-12-10 16:36
January WTI crude oil (CLF26) today is down -0.48 (-0.82%), and January RBOB gasoline (RBF26) closed down -0.0239 (-1.34%). Crude oil and gasoline prices extended this week's losses today, with crude posting a 2-week low and gasoline slumping to a 4.75-year nearest-futures low. Crude prices are falling on concerns about a global oil glut. Oil prices remained lower today after a mixed EIA inventory report showed crude supplies fell more than expected, while gasoline and distillate stockpiles rose more th ...
$1,000 in TotalEnergies Turned Into $2,400 Over Ten Years but Trailed the S&P 500
247Wallst· 2025-12-10 16:08
TotalEnergies (NYSE: TTE) has delivered a story of extremes over the past decade. The French energy giant navigated a devastating pandemic crash, rode the 2022 energy crisis to record profits, and now finds itself in a post-boom cooldown while attempting a gradual pivot toward renewable energy. For dividend investors, the question is whether that 5.92% yield remains sustainable as fossil fuel markets normalize. From Crisis to Boom and Back Again The past ten years split into distinct chapters for TotalEnerg ...
Shell Eyes LLOG Deal to Strengthen Its Gulf of America Portfolio
ZACKS· 2025-12-10 15:51
Key Takeaways Shell is in advanced talks to buy LLOG in a $3B deal to strengthen its Gulf upstream position.LLOG's 30,000-boed output and assets like Salamanca and Who Dat offer growth potential ahead.The deal would help Shell address future production declines and rebuild its upstream funnel.Shell plc (SHEL) is reportedly in advanced negotiations to acquire LLOG Exploration Offshore in a transaction valued at more than $3 billion. If finalized, the deal would mark a major strategic push to enhance Shell’s ...
Exxon CFO to retire, citing health issues
Yahoo Finance· 2025-12-10 15:09
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: ExxonMobil CFO Kathryn Mikells will retire from the oil and gas company’s top finance seat effective Feb. 1, citing health issues, the company said in a securities filing. Company veteran Neil Hansen, president of ExxonMobil’s global business solutions, will succeed Mikells as CFO also effective Feb. 1, the company said. “In recent months, Ms. Mikells has un ...
Petrobras workers announce strike starting Monday
Reuters· 2025-12-10 14:13
Core Viewpoint - Workers at Brazil's state-run oil company Petrobras are set to initiate a strike on Monday, as announced by their union in a statement on Wednesday [1] Company Summary - The strike involves employees of Petrobras, indicating potential disruptions in operations and production [1] - The announcement from the union highlights ongoing labor tensions within the company, which may affect its performance and market perception [1] Industry Summary - The strike at Petrobras reflects broader labor issues within the oil and gas sector in Brazil, which could impact supply chains and market stability [1] - Such labor actions may lead to increased scrutiny on state-run enterprises and their operational efficiency in the face of labor disputes [1]
Here Are Wednesday’s Top Wall Street Analyst Research Calls: AbbVie, Amazon.com, Biogen, EchoStar, Ferrari, GE Vernova, PepsiCo, Take-Two Interactive, and More
Yahoo Finance· 2025-12-10 14:09
Federal Reserve and Interest Rates - The Federal Reserve is expected to announce a 25-basis-point rate hike during its last meeting of 2025, with concerns about a potential "hawkish rate cut" that could affect future cuts [2][5] - Traders are focused on the implications of sticky inflation and a slowly improving job outlook, which may influence the tone of Chairman Powell's commentary [5] Stock Market Performance - Major indices showed mixed results, with the Dow Jones Industrial Average down 0.38% at 47,560, the S&P 500 flat at 6,840, and the Nasdaq up 0.13% at 23,576 [2] Treasury Bonds - Treasury yields were mixed, with a strong demand for a $58 billion auction of 3-year notes, indicating a good appetite for shorter-term debt [3] - The 30-year bond yield finished at 4.81%, while the benchmark 10-year note was at 4.19% [3] Oil and Gas Market - Oil prices continued to decline due to abundant supplies and expectations of slowing demand, with Brent Crude at $62.05 (down 0.70%) and West Texas Intermediate at $58.35 (down 0.90%) [4] - Iraq's restoration of production at the West Qurna 2 oilfield added approximately 460,000 barrels per day to global supply, impacting market dynamics [4] - Natural gas prices fell significantly, closing at $4.56, down 7.21% due to profit-taking and weather-related factors [4]