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Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. Exxon earned $7.63 billion, or $1.91 per share, for the quarter. Chevron also reported its financial results Friday, posting a fourth-quarter adjusted profit of $3.45 per share on revenue of $47.18 billion. Wall Street was calling for a profit of $3.29 per share on revenue of $52.59 billion. On Thursday, Shell plc reported an adjusted profit of $2.22 for the fourth quarter, with revenue totaling $80.13 billion.

Persons: Chevron, “ Organizations: Exxon Mobil's, Revenue, Zacks Investment Research, Exxon, Denbury Resources, Natural Resources, Federal Trade Commission, Hess Corp, Chevron, Shell plc, Analysts, Hamas, U.S Energy Information Administration Locations: California, , Texas, premarket, San Ramon , California, Saudi Arabia, Russia, Israel

OAKLAND, Calif. (AP) — A U.S. district judge in California dismissed a lawsuit Wednesday that sought to force the Biden administration to do all it could to make Israel stop bombing Gaza. It also asked the court to order defendants to stop obstructing attempts by the international community to call for a cease-fire in Gaza. Corrie was run over and killed in 2003 while trying to stop the demolition of a house in Gaza. Still, the lawsuit has brought fresh attention to the thousands of Palestinian Americans and other advocates calling for a cease-fire. Israeli authorities say the Oct. 7 assault by Hamas resulted in about 1,200 people dead and another 250 kidnapped as hostages.

Persons: Biden, Jeffrey White, White, Joe Biden, Antony Blinken, Defense Lloyd Austin “, ” White, Waeil Elbhassi, Israel's, Rachel Corrie, Corrie, Laila El, Haddad, Omar Al Organizations: OAKLAND, —, Hamas, Defense, United, Defence, Children International, West Bank, United Nations, U.S, Circuit, Caterpillar, San Francisco Chronicle Locations: Calif, U.S, California, Israel, Gaza . U.S, Oakland, Gaza, United Nations, Ramallah, West, San Ramon, Maryland, Rafah

☆ Four Countries Join U.S. in Pausing Funding for U.N. Aid Agency in Gaza
▼ + stars: | 2024-01-27 | by ( Patrick Kingsley | ) www.nytimes.com time to read: +7 min

Protesters calling for a cease-fire in Gaza, during the first day of the California legislative session in Sacramento this month. The federal case in Northern California is unlikely to succeed, given legal precedents that limit judicial power over U.S. presidents on foreign policy decisions. Israel also said that inflammatory comments about Palestinians were taken out of context or made by individuals without decision-making power. One of her relatives is living under a nylon tarp in Gaza with her four children and husband, a cancer patient, she said. Israeli attacks have killed 88 relatives just on her mother’s side of the family, she said.

Persons: Biden, Judge Jeffrey White, “, Antony J, Blinken, Lloyd J, Austin III, Judge White, George W, Bush, Laila el, Haddad, Jean Lin, Katherine Gallagher, ” Erwin Chemerinsky, ” Basim, Elkarra, We’re, Mr Organizations: Palestinian, Calif, United Nations, International Court, Court of Justice, Hague, International Court of Justice, Government, Justice Department, Center for Constitutional Rights, University of California, Islamic, Democrat Locations: Gaza, California, Sacramento, Israel, U.S, Oakland, Fairfield , Calif, San Ramon, Northern California, Bay Area, Atlanta, Palestinian, United States, ”, United, Clarksville, Md, New York, Berkeley, Palestinian American

The appeal stemmed from an antitrust lawsuit filed in 2020 by Epic Games, maker of the popular Fortnite video game. Epic lost its broader claim that Cupertino, California-based Apple was violating federal antitrust law, and the justices also rejected Epic's appeal Tuesday. That change would make it easier for developers to avoid paying Apple’s commissions ranging from 15% to 30%. Apple's shares declined by 2% in Tuesday's early afternoon trading, leaving the company with a market value of about $2.8 trillion. Apple ousted Epic from its app store after it tried to get around Apple's restrictions.

Persons: —, Apple, Apple didn't, Yvonne Gonzalez Rogers, Tim Sweeney Organizations: WASHINGTON, Epic Games, Apple, Microsoft, U.S, Google Locations: California, Cupertino , California, U.S, Apple's, Cary , North Carolina, San Ramon , California

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. Exxon Mobil Corp. earned $9.07 billion, or $2.25 per share in the period. Revenue slipped to $90.76 billion from $112.07 billion, but still topped Wall Street's estimate of $89.29 billion. Exxon also announced Friday that it raised its fourth-quarter dividend to 95 cents per share from 91 cents per share. Exxon shares are up slightly before the open bell, while shares of Chevron are down more than 2%.

Persons: Exxon isn't, Darren Woods, “, Exxon Organizations: Exxon Mobil’s, Exxon, Chevron, Hess, Exxon Mobil Corp, Zacks Investment Research, Natural Resources, Mobil, Hess Corp, drillers, U.S Energy Information Administration Locations: Texas, New Mexico, San Ramon , California, Ukraine, Saudi Arabia, Russia, Israel, Gaza, U.S, Syria

☆ California Sues Giant Oil Companies, Citing Decades of Deception
▼ + stars: | 2023-09-15 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: +1 min

The state of California sued several of the world’s biggest oil companies on Friday, claiming their actions have caused tens of billions of dollars in damage and that they deceived the public by downplaying the risks posed by fossil fuels. The civil case, filed in superior court in San Francisco, is the latest and most significant lawsuit to target oil, gas and coal companies over their role in causing climate change. It seeks creation of an abatement fund to pay for the future damages caused by climate related disasters in the state. The lawsuit targets five companies: Exxon Mobil, Shell, BP, ConocoPhillips, and Chevron, which is headquartered in San Ramon, Calif. But the California lawsuit immediately becomes one of the most significant legal challenges facing the fossil fuel industry.

Organizations: Exxon Mobil, Shell, BP, ConocoPhillips, Chevron, Calif, American Petroleum Institute Locations: California, San Francisco, San Ramon, Washington

☆ BMO says stocks can do just fine at times of high rates — especially these cash kings
▼ + stars: | 2023-09-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wall Street is becoming more comfortable with the story line that interest rates are set to remain higher for longer, according to BMO Capital Markets. While often thought of as a death knell for equities, BMO's chief investment strategist Brian Belski posits that the prospect of higher interest rates won't entirely upend stock prices. Instead, he says, investors need to be pickier and should eye businesses with less leverage and strong free cash flow. "Nonetheless, not all areas of the market are created equal within the context of higher interest rates," Belski said. CRM YTD mountain Salesforce stock.

Persons: Brian Belski, Belski, San, — CNBC's Michael Bloom Organizations: BMO Capital Markets, Federal, AMD, Adobe, BMO, Chevron Locations: San Ramon , California

☆ The most—and least—expensive U.S. states based on the average cost of monthly expenses
▼ + stars: | 2023-08-02 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The doxo United States of Bill Pay: State by State Bill Pay Market Report found that Hawaii's average monthly cost for household bills is 50% above the national average. The doxo report found that the average monthly bill for a mortgage in Hawaii is $2,247, while the average rent is $1,856. The average monthly bill cost for San Ramon is $4,390. According to the doxo report, the average mortgage in the state is $879, while the average monthly rent is $785. Denistangneyjr | E+ | Getty ImagesTop 10 least expensive states based on monthly expenses

Persons: Bill Pay, doxo, Doxo Organizations: State, Utilities, Auto insurance Cable, Mobile, Hawaii, Swiet, Hawaii California New Jersey Massachusetts Maryland Connecticut New, San, United, West Virginia Locations: United States, Hawaii Hawaii, Hawaii, States, O'ahu, Kailua, Hawaii California New Jersey Massachusetts Maryland Connecticut, Hawaii California New Jersey Massachusetts Maryland Connecticut New York Washington Colorado Alaska California, California, San Ramon, San Francisco, Virginia, West Virginia, Appalachian, Mountain, West

☆ Chevron appoints Eimear Bonner as new finance chief and issues preliminary second-quarter earnings results
▼ + stars: | 2023-07-23 | by ( Terri Cullen | In Terricullen | ) www.cnbc.com time to read: +1 min

Cars drive past sign with logo at the entrance to the world headquarters of petroleum company Chevron in the Bishop Ranch office park in San Ramon, California. Chevron on Sunday said the company's Chief Financial Officer Pierre Breber will retire next year, and named long-time company veteran Eimear Bonner, chief technology officer of Chevron Technical Center, as his successor. Separately, the company also said it waived the mandatory retirement age requirement for its Chief Executive Officer Mike Wirth. The upcoming chief executive will take the position starting March 1, 2024, the company said in a statement. Chevron noted, however, that the financial results reported Sunday don't represent a comprehensive statement of its second-quarter results and said it will issue its complete second-quarter earnings figures on Friday, July 28.

Persons: Pierre Breber, Eimear Bonner, Mike Wirth, Bonner, Chevron's, — Organizations: Chevron, Sunday, Chevron Technical Center, — Reuters Locations: Bishop, San Ramon , California

☆ AT&T tells 60,000 managers to return to office, forcing thousands to relocate or quit
▼ + stars: | 2023-06-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

About 60,000 AT&T managers are being told to return to the office by September. However, the mandate says workers must return to just nine locations, leaving an estimated 9,000 employees with the decision to quit or relocate. Bloomberg reported that the telecom giant is mandating a return to offices starting in September after three years of many employees working remotely. "If they want to be a part of building a great culture and environment they'll come along on these adjustments and changes,"Stankey told Bloomberg. "We've been reconfiguring our workforce for a very long time," Stankey told Bloomberg.

Persons: —, John Stankey, Stankey, We've Organizations: Service, Bloomberg, Dallas, Bloomberg Radio Locations: Los Angeles, San Ramon , CA, Seattle, St, Louis, Washington ; Middletown , NJ, Bedminster , NJ, Atlanta

☆ US National Spelling Bee finalists vie for championship
▼ + stars: | 2023-06-01 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/2] Competitors are adjusted by a person who is off camera as they celebrate moving to the semifinals of the Scripps National Spelling Bee competition in National Harbor, Maryland U.S., May 31, 2023. REUTERS/Leah Millis/File PhotoJune 1 (Reuters) - Eleven of the sharpest young spellers in the U.S. will compete on Thursday in the finals of the 2023 Scripps National Spelling Bee, having survived three early rounds by nailing words like "zwitterion" (a type of molecule) and "polissoir" (a polishing tool). The finalists, who range from 11 to 14 years old, beat out a field of 220 other competitors who participated in the three-day contest, held in National Harbor, Maryland, just outside of Washington, D.C. Scripps Co (SSP.O), the bee's sponsor, plus further monetary prizes and reference works from Encyclopedia Britannica and Merriam-Webster. Last year, Harini Logan, 14, from San Antonio, Texas, correctly spelled 22 words during a 90-second spell-off to claim the top prize.

Persons: Leah Millis, Webster, The Merriam, Aryan Khedkar, Vikrant Chintanaboina, Harini Logan, Brendan O'Brien, Matthew Lewis Organizations: Scripps, Spelling, National Harbor , Maryland U.S, REUTERS, Scripps Co, Encyclopedia, The, Webster, ION, ESPN, Thomson Locations: National Harbor , Maryland, U.S, Washington ,, Encyclopedia Britannica, Merriam, Waterford , Michigan, San Ramon , California, San Antonio , Texas, Chicago

☆ Global rice shortage is set to be the largest in 20 years – here's why
▼ + stars: | 2023-04-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

The global rice market is set to log its largest shortfall in two decades in 2023, according to Fitch Solutions. "At the global level, the most evident impact of the global rice deficit has been, and still is, decade-high rice prices," Fitch Solutions' commodities analyst Charles Hart said. That would mar the largest global rice deficit since 2003/2004, when the global rice markets generated a deficit of 18.6 million tonnes, said Hart. "The global rice production deficit situation will increase the cost of importing rice for major rice importers such as Indonesia, Philippines, Malaysia and African countries in 2023," said Tjakra. "It is our view that global rice production will stage a solid rebound in 2023/24, expecting total output to rise by 2.5% year on year," Fitch's report forecast, hinging on India being a "principal engine" of global rice output over the next five years.

☆ 130 Regal, Eastgate, and other movie theaters could close in the US — see the list of those already shuttering
▼ + stars: | 2023-04-11 | by ( Travis Clark | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Cineworld has sought to exit its leases for 130 theaters in the US. A bankruptcy court in Texas has already approved its plan to walk away from 47 of those locations. Cineworld filed for Chapter 11 bankruptcy in September. So far, the Texas bankruptcy court overseeing the proceedings has approved the company's plan to exit 47 leases, according to court filings. The North American box office hit $7.4 billion in 2022, according to Comscore, down from over $11 billion in 2019 and 2018.

☆ Chevron Weighs Extending CEO Mike Wirth Past Mandatory Retirement Age
▼ + stars: | 2023-02-13 | by ( Collin Eaton | Christopher M. Matthews | ) www.wsj.com time to read: 1 min

Chevron Corp.’s board of directors is considering waiving the company’s mandatory retirement age for Chief Executive Mike Wirth , a move that would allow him to remain CEO for a longer period, people familiar with the matter said. Some board members have said the San Ramon, Calif., oil company doesn’t have an internal candidate ready to succeed Mr. Wirth, who would reach the company’s fixed retirement age of 65 in late 2025, and that additional time would allow him to prepare a successor. The board members have also said they see no reason to push out an executive who has performed well, the people said.

☆ 5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
▼ + stars: | 2023-01-01 | by ( Kelsey Neubauer | Alcynna Lloyd | ) www.businessinsider.com time to read: +11 min

Houston has been able to keep its housing affordable in large part because of just this, he said. Jeff Tucker, the chief economist at Zillow, also told Insider that the biggest hurdle to affordable housing was "zoning reform." California has already done this when its citizens voted to pass Proposition 46, which provides funding specifically for affordable housing. It allocated just shy of $1 billion to the multifamily sector, according to CCIM, and is expected to see $13 billion in private funds be pushed into affordable housing. In July, Ginnie Mae, a federally-backed mortgage provider, specifically focused on affordable housing, requested that a manufactured home mortgage program be extended.

A man was arrested on hate crime charges after police said a TikTok video showed him hurling homophobic and racist remarks at a Korean-American man and woman dining at a California In-N-Out Burger. The arrest stems from an incident on Christmas Eve at an In-N-Out Burger in San Ramon. Police said in the news release that Krah approached Ha and Kim "unprovoked and engaged in a homophobic and racist rant." In the video, Kim asked her friend if he had ever tried a "light-well fry." Things escalated and at one point in the video, Krah threatened to spit in Ha's face and called him a homophobic slur.

☆ People are paying $12 to go on VR tours of turtle nesting in Costa Rica or India's Holi festival from their couches. Meet a tour guide who's cashing in on this travel niche.
▼ + stars: | 2022-12-10 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +8 min

Ligia Morera, based in Costa Rica, leads virtual tours on the Japanese platform Dokodemo Door Trip. A VR tour guide needs AI software to reach a worldwide audienceMorera filming a VR tour. In other words, these VR tours are as much a marketing program for its core business as a standalone revenue stream. Another source of referrals is other VR tour guides. "In Costa Rica, sometimes we get little problems with that," she said.

☆ Inflation boosts U.S. household spending by $433 a month, on average, Moody’s finds
▼ + stars: | 2022-11-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Hourly earnings fell 2.8%, on average, in the year to October after accounting for inflation, according to the BLS. Your personal inflation rate depends on the types of goods and services you buy, and other factors such as geography. The Moody's estimate of inflation's dollar impact analyzes October's annual inflation rate and typical household outlays as outlined by the Consumer Expenditure Survey. "There's no one silver bullet," Joseph Bert, a certified financial planner who serves as chairman and CEO of Certified Financial Group, told CNBC. Joseph Bert certified financial planner and chairman of Certified Financial Group

☆ The typical U.S. household is spending $445 more a month due to inflation. Here's how to reduce the bite
▼ + stars: | 2022-10-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Hourly earnings fell 3%, on average, in the year to September after accounting for inflation, according to the BLS. The inflation impact on households' wallets isn't uniform, though. Your personal inflation rate depends on the types of goods and services you buy, and other factors like geography. The Moody's estimate of inflation's dollar impact analyzes September's annual inflation rate and typical household outlays as outlined by the Consumer Expenditure Survey. They can also reassess monthly subscriptions — to clothing and streaming services, for example — which can often serve as "money drains," Maloon said.

☆ Chevron Sells Global Headquarters, Pares Back in California Amid Texas Expansion
▼ + stars: | 2022-09-29 | by ( Collin Eaton | ) www.wsj.com time to read: 1 min

Chevron closed the sale Wednesday of its Chevron Park campus in San Ramon, Calif., its global headquarters for two decades. Chevron has sold its current headquarters in California and plans to move into a nearby leased space about one-third of the size, as it continues to relocate employees to Texas. The second-largest U.S. oil company closed the sale Wednesday of its Chevron Park campus in San Ramon, Calif., its global headquarters for two decades, to Sunset Development Co. The family-run company had originally sold the 92-acre parcel to Chevron in the early 1980s.

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