Secure Your Books
Oil service companies like Halliburton are expected to have strong years. Luke Sharrett/Bloomberg Text size Several energy companies are expected to post record earnings in 2022. Exxon Mobil alone is on track to make about $60 billion. But 2023 is a different story. While the setup is still very strong for most oil-and-gas companies, many … Read more
The climate and tax package passed by the Senate on Sunday will unlock some $370 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a parallel initiative in Europe, the bill could trigger private investments that reach into the trillions. The transition to renewable energy … Read more
It will be a busy week on both the micro and macro fronts. Second-quarter earnings season ramps up, as more than 150 S&P 500 firms report, including Big Tech. The Federal Reserve’s policy committee will announce an interest-rate decision on Wednesday afternoon, and economists will get a look at a bevy of new data. Wednesday will … Read more
Daniel Klier is HSBC’s former global head of sustainability and CEO of ESG Book “Climate change is not a financial risk we need to worry about,” according to HSBC’s Stuart Kirk. Agree or disagree, there’s no doubt Kirk has opened a debate that sustainable finance urgently needs. The divided reaction to his story shows how our industry … Read more
Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell/Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in the country. … Read more
Text size Qualcomm is one of the 20 stocks on Goldman Sachs’ ‘margin of safety’ list. Pau Barrena /AFP via Getty Images Exxon Mobil , Qualcomm , Micron and Chevron are just some of the 20 “margin of safety” stocks Goldman Sachs recommends as macroeconomic and geopolitical headwinds have roiled U.S. stocks markets. The Russian … Read more
Exxon Mobil is among the companies whose yield on free cash flow indicates strong support for the payout’s resilience. Here, an Exxon refinery in Rotterdam, Netherlands. Dean Mouhtaropoulos/Getty Images Text size Quarterly dividend payments can be a lifeline for investors who depend on income, retirees in particular. Those cash payments, however, don’t just appear out … Read more
Text size Oil prices are higher, but concerns about economic growth are weighing on oil stocks. Mario Tama/Getty Images Oil prices soared on Thursday after Russia invaded Ukraine. But oil stocks were in the doldrums. There are a few possible reasons for that, analysts and investors said. Brent crude was up 1%, to $98 a … Read more