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Press Releases

UPDATE 2-Norway wealth fund turns up climate heat on Exxon and Chevron

OSLO, May 3- Norway's $872- billion sovereign wealth fund, the world's largest, said it would press U.S. oil majors ExxonMobil and Chevron to do more to report on the risks of climate change. "We want them to be open about their climate strategy and their dialogue with regulators," the fund's chief executive Yngve Slyngstad told reporters. The fund, itself built from...

Source: Reuters

Exxon doesn't look like an oil company anymore, RayJay analyst says

Raymond James analyst Pavel Molchanov says the oil giant is in an unrecognizable state right now.


I'm buying the .VIX as an asset class: Pro

Demond Hicks, RLJ Lodging Trust Manager, and David Meyers, A La Carte Charts Creator, discuss their market strategies and give their top picks.


Exxon sees smallest profit in 16 years, Chevron posts loss

Exxon Mobil posted its smallest quarterly profit in more than 16 years Friday, while Chevron lost $725 million, its worst showing since 2002, and raised the number of jobs it expects to cut this year from 7,000 to 8,000. Other oil companies are expected to report weak earnings in the next few days. Oil prices have tumbled from their 2014 highs of over $100 a barrel,...

Source: The Associated Press

Pisani: Beware complacency!

CNBC's Bob Pisani looks at the current state of the markets as the S&P 500 has seen a rough two days.


More pain for big oil?

Stewart Glickman, S&P Global Market Intelligence Energy Equity Analyst, and Kyle Cooper, ION Energy Group Consultant, discuss the oil market and big players in the space.


4 stocks, 4 trades: WDC, XOM & more

Western Digital sare are "looking ugly" after earnings, and Exxon and Chevron reported earnings both beating on revenues, with John Spallanzani, GFI Group, and the "Fast Money Halftime Report" traders.


Exxon beats Street, Chevron reports decline

Discussing Exxon Mobil and Chevron earnings, after Exxon reported a quarterly earnings and revenue beat, and Chevron reported a mixed report, with Pavel Molchanov, Raymond James.


WRAPUP 1-Refining's silver lining loses luster at Exxon and Chevron

HOUSTON, April 29- Exxon Mobil Corp and Chevron Corp posted sharp drops in quarterly results on Friday as an oversupplied fuel market shrank profits from their refining units, which until now had provided healthy margins that helped insulate them from a 60 percent slide in oil prices since mid-2014. Exxon reported net income of $1.81 billion, or 43 cents per...

Source: Reuters

Valeant resumes trading after halting for board announcement

Valeant has resumed trading after halting for a board announcement, reports CNBC's David Faber. Valeant CEO Michael Pearson will step down, and former Perrigo CEO Joe Papa will lead the company.