Oil Edges Higher Ahead of U.S. PCE Data

Oil prices ticked higher ahead of key U.S. inflation data that will offer more cues on the path of interest rates. 


 
Exxon's Earnings Come Back to Earth

Exxon Mobil banked $8.2 billion in profit in a humdrum quarter, maintaining its perch as one the country's most profitable companies even as its run of record-setting profit tapers off. 


 
NextEra Arm, Squeezed by Niche Financing, Considers Private Capital Raise

NextEra Energy Partners is mulling its options for how to pay bills coming due under an obscure type of financing that has weighed on the company since its stock price tumbled last year. 


 
TotalEnergies Plans $2 Billion Buyback After Profit Beat

TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter. 


 
U.S. Natural Gas Futures Lose Ground on Storage Surplus

U.S. natural gas futures added to the previous day's losses as a weekly inventory report showed a larger-than-expected build in natural gas storage. 


 
Energy Department Gets Power Over Big Grid Projects

In a bid to fast track grid-infrastructure construction, the department is set to become the lead federal agency coordinating environmental approval of major transmission projects. 


 
GE Vernova Stock Bounces Back After Earnings. Here's Why.

One reason for the early drop was that the results weren't a big surprise. 


 
New EPA Emissions Rules Squeeze Coal Plants

The measures, which come as power demand is surging, will force coal plants to adopt costly technology or shut down. 


 
Cnooc Posts Record Net Profit on Higher Oil Price, Production

Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production. 


 
U.S. Crude Oil Stockpiles Fall For First Time in Five Weeks

U.S. crude oil stocks fell by 6.4 million barrels last week, in the first withdrawal in five weeks while refineries increased their capacity use


(END) Dow Jones Newswires

04-26-24 0715ET