Exxon Stock News

…optimistic of expanded opportunities for Guyanese workforce ExxonMobil’s Chief Executive Officer (CEO) Darren Woods, in Guyana for the International Energy Conference and Exposition, has assured that his company, which is currently exploring and producing oil in Guyana’s waters, would remain committed to further advancing local content. During his keynote presentation at the expo, Woods made […] The post Exxon committed to further advancing local content in Guyana – ExxonMobil CEO appeared first on Guyana Times .

The world''s biggest oil and car firms are accused of lobbying governments to block action on climate change. And industry lobby groups like the Minerals Council and peak gas body, the Australian Petroleum Production & Exploration Association, are also named and shamed for thwarting policies to tackle global warming.

ExxonMobil, Chevron, BP, Shell, and TotalEnergies have hit their biggest free cash flow in the last 14 years as the super majors posted combined earnings of $37 billion in three months. The post Oil majors record $37 billion cash flow, biggest in 14 years appeared first on The Guardian Nigeria News - Nigeria and World News .

The Game Theory Of Bitcoin, Part 2 Authored by Jeremy Garcia via Bitcoin Magazine, Read "A Look At The Game Theory Of Bitcoin," the first part of this series, here. Thinking about the potential Bitcoin-oriented geopolitical moves to be made only shows the unlimited possibilities of Bitcoin’s game theory… In this article I will suggest potential routes for Bitcoin’s game theory to play out. So, what is game theory? In layman''s terms, if you are playing any game of strategy, whether it be chess, basketball, football, Battleship, Monopoly or checkers, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and your opponent make will ultimately determine who wins and who loses the game. This is game theory in its most simplistic form. Undoubtedly, the countries with the highest inflation rates will adopt bitcoin first and will be the greatest beneficiaries. Countries like the U.S. may take a longer time, as they will still be hyperinflating their currencies with their powerful seigniorage they hold.

Exxon Mobil Corp on Tuesday welcomed an upcoming vote by workers at its Beaumont, Texas, refinery on a new contract offer, saying its terms ensure the refinery can stay profitable over the long-term.

President of Guyana Dr Mohammed Irfaan Ali has called on the country to realise its earning potential in his keynote address at the opening of the Guyanese Energy Conference and Expo on Tuesday. Ali said the oil and gas discoveries, and the resulting revenue from its content could generate the revenue to build the Guyana that its people have dreamed of for generations. “It gives us the opportunity with the resources to diversify our economy, building out through many new pillars so that we will be resilient and sustainable,” Ali said. “We never had the capital or the resources to build the diversified economy that we are talking about. We have always spoken about the dreams and aspirations of generations of the Guyanese. Today with hard work and humility, we have the ability to make that giant leap for Guyana and all of humanity.” He said Guyana, a world leader in climate change ecosystems and biodiversity, has 18.3 million hectares of standing forest, which covers about 87 per cent of its land area which stores 19.5 gigatons of carbon worth about US$195 billion.

Stocks in Toronto returned to the win column with a vengeance Tuesday, with strength in health-care and tech stocks providing much of the impetus. The S&P/TSX Composite leaped 150.04 points to close Tuesday at 21,502.55. The Canadian dollar dipped 0.03 cents at 78.53 cents U.S. Pot stocks led the charge upward, with Aurora Cannabis surging 38 cents, or 6.9%, to $5.88, while rival Tilray took on 49 cents, or 5.7%, to $9.05. Among industrials, Ballard Power Systems jumped $1.21, or 10.3%, to $13.02, while Lion Electric hiked 49 cents, or 4.3%, to $11.33. Techs also had a field day, with Lightspeed growing $3.71, or 10.1%, to $40.33, while HUT 8 Mining grabbed 61 cents, or 7%, to $9.37. Gold brought the index down, with Equinox faltering 17 cents, or 2.1%, to $7.99, while Barrick Gold slid 52 cents, or 1.9%, to $26.33. Materials did not fare much better, with Capstone Mining skidding 26 cents, or 4%, to $6.17, while SSR Mining paled 48 cents, or 2.1%, to $22.44. In the energy field, Suncor fade 67 cents, or 1.8%, to $37.17, while Imperial Oil dropped 64 cents, or 1.1%, to $55.63.

United Steelworker union members will vote on February 21 on an amended contract offer from Exxon Mobil <> submitted last Friday; this will be the membership''s first vote since…

Canada''s main stock index rose on Tuesday as global risk sentiment improved after reports of Moscow''s withdrawal of some troops near Ukraine calmed fears of a potential Russian invasion. The S&P/TSX Composite zoomed 105.94 points to pause for lunch Tuesday at 21,458.45. The Canadian dollar hesitated 0.10 cents at 78.46 cents U.S. Restaurant Brands International gained $2.69, or 3.7%, to $75.38, after the Burger King-parent beat estimates for quarterly revenue and profit. Meanwhile, TC Energy shares gained 0.3% despite the oil producer reporting a fall in quarterly profit as it took a $60-million hit from charges related to its scrapped Keystone XL oil pipeline. TC fell six cents to $66.57. Prime Minister Justin Trudeau on Monday activated rarely used emergency powers in an effort to end protests that have shut some U.S. border crossings and paralyzed parts of the capital. On the economic slate, Canada Mortgage and Housing told us housing starts registered at 254,133 units in January, down from 261,352 units in December.

The Dow Jones Industrial Average rose for the first day in four on Tuesday after Russia appeared to be backing away from an immediate invasion of Ukraine, cooling geopolitical tensions that have knocked the stock market down the last three days. The 30-stock index recovered 375 points, or 1.1%, to 34,846, The S&P 500 regained 51 points, or 1.2% to 4,445. The NASDAQ surged 212 points, or 1.5%, to 14,465. The Russian Defense Ministry said it had begun returning some troops to deployment bases after training exercises near the Ukrainian border. Airline and cruise stocks led the gainers while energy companies were the biggest losers as oil prices fell. American Airlines rose 5% and Carnival Corp. added more than 4.5%. Meanwhile, Exxon Mobile fell 2% and ConocoPhillips lost 3%. Certain technology names also charged higher. Netflix added 2% and Tesla rose more than 3.5%. The producer price index, which measures final-demand goods and services, increased 1% for the month, against the Dow Jones estimate for 0.5%.

Exxon Mobil, Chevron, Shell, BP, and Total have recorded a combined cash flow of $31 billion in the fourth quarter 2021, funnelling cash back to investors and strengthening their balance sheets, however, new findings show they are taking their foot off the gas on green investment. According to Bloomberg’s estimates, ExxonMobil, Chevron, BP, Shell, and […]

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