Latest news with #OilIndustry
Bloomberg
08-08-2025
- Business
- Bloomberg
US Shale Drillers Add One Rig, Break 14-Week Streak of Declines
Shale oil producers added a single drill rig this week after 14 consecutive weeks of declines, staving off at least for now a pandemic-level downturn in US activity. Rigs drilling for oil in the US rose by 1 to 411, according to Baker Hughes Co. data released Friday. Since the start of May, the count had fallen in the longest streak since an 18-week drop in July 2020 and reached the lowest level since September 2021.
Yahoo
01-08-2025
- Business
- Yahoo
Chevron (CVX): A Defensive Retirement Dividend Stock with Energy Sector Strength
Chevron Corporation (NYSE:CVX) is included among the 10 Best Dividend Stocks to Buy for Retirement. An aerial view of an oil rig at sea, the sun glinting off its structure. Chevron Corporation (NYSE:CVX) produces and markets a variety of top-grade refined products, such as gasoline, diesel, aviation and marine fuels, premium base oils, finished lubricants, and fuel additives. The company's balance sheet is a key strength that investors shouldn't ignore. With a debt-to-equity ratio of just 0.2 at the end of the second quarter, the company stands out as one of the financially strongest among its integrated energy peers. While market watchers often focus more on oil prices and global events, Chevron's resilience is closely linked to its solid financial foundation. A recent example of this strength is its $53 billion acquisition of Hess, a move that reflects not only Chevron Corporation (NYSE:CVX)'s scale but also its financial capacity to take on major strategic deals. Chevron Corporation (NYSE:CVX)'s dividend policy is also very significant for income investors. The company has been increasing its dividends for 38 consecutive years. It currently pays a quarterly dividend of $1.71 per share and has a dividend yield of 4.45%, as of July 30. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30-06-2025
- Business
- Bloomberg
Dealmakers Get Back on Track Thanks to Private Sellers
Hi, it's Fareed Sahloul in New York, with a half-year report card for dealmakers. Also today, why Shell might still need M&A after ruling out buying BP. Today's top stories
Yahoo
26-06-2025
- Business
- Yahoo
Shell says it is not considering buying BP, UK rules ban bid for 6 months
LONDON (Reuters) -Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was bound by UK regulations which mean such a statement ban it from making a bid for BP for the next six months. The Wall Street Journal cited sources on Wednesday saying that Shell was in talks to acquire BP, in response to which Shell said no talks were taking place. "In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with BP with regards to a possible offer," Shell said in a statement. "This is a statement to which Rule 2.8 of the Code applies and accordingly Shell confirms it has no intention of making an offer for BP. As a result Shell will be bound by the restrictions set out in Rule 2.8 of the Code." The six-month ban on making an offer for over 30% of BP's shares can be shortened if another bidder for BP emerges or if BP invites an offer, according to the regulations. Sign in to access your portfolio
ABC News
23-06-2025
- General
- ABC News
Mushroom murder trial enters final stages
Photo shows A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran Has Audio Duration: 4 minutes 59 seconds . 4 m 59 s
