DIRS.INFO The most relevant business & tech news

☆ A hedge fund manager shares 2 ChatGPT prompts and the AI plugin he used to filter top stock picks
▼ + stars: | 2023-08-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

He fed the LLM data from a terminal and asked it to filter its findings through top academic literature and fund managers. Building on the knowledgeIn his earlier experiments, Patel and his team manually pasted increments of stock data into ChatGPT's text box. Using Julius AI, Patel was able to input data for over 6,800 stocks to see if the outcomes or accuracy would change. The metrics Patel chose to input were based on company fundamentals that he felt were important when picking stocks. Patel concluded that whether it's a human analyst or AI that's picking stocks, there are no guarantees in the stock market.

Persons: Alpesh Patel, it's, Patel, Julius AI, Julius, Price, ChatGPT's, Warren Buffett, Cisco Systems Inc Patel, Johnson, Eli Lilly, Rahul Sonwalkar, you've Organizations: NYSE, Nasdaq, US Securities and Exchange Commission, FTSE, New York Stock Exchange, Alpha, Broadcom, Cisco Systems Inc, Apple Inc UnitedHealth, Johnson, Johnson Exxon Mobil Corp Visa Inc Tesla, Walmart, Taiwan Semiconductor Manufacturing Procter, Gamble, Chevron Corp Mastercard, Depot Inc, Pfizer, AbbVie Inc Merck, Co Inc, Cola Co, Pepsico, Broadcom Inc Alibaba

The Frontera-CGX group could become the next oil consortium to advance an oil exploration project in Guyana to development after an Exxon Mobil-led (XOM.N) group did so. Frontera on Thursday said the joint venture was "excited by the definitive presence of oil in the Maastrichtian and Campanian, and the presence of hydrocarbons in the Santonian" areas of its exploration territory. "We believe there is significant potential in the block," it said, adding that the presence of light oil had been detected. Frontera posted net income of $80.2 million in the second quarter, compared with a loss of $11.3 million or in the prior quarter and net of $13.5 million in the second quarter of 2022, the firm said on Thursday. Capital expenditures rose to $154.9 million in the reported period -of which almost $73 million were related to Guyana-, from $131.5 million in the prior quarter.

Persons: Marianna Parraga, David Gregorio Our Organizations: HOUSTON, Frontera Energy, Energy, Exxon Mobil, Exxon, Frontera, Thomson Locations: Frontera, Guyana

☆ Apple has plowed over $500 billion into stock buybacks since 2012 — more than Visa, JPMorgan, or Exxon are worth
▼ + stars: | 2023-08-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Apple has spent over $500 billion on stock buybacks since 2012, a Markets Insider analysis shows. Warren Buffett has welcomed Apple's buybacks as they've boosted his ownership at no cost to him. It splurged $90 billion on buybacks in its last financial year, and has repurchased $56 billion worth of its shares in the last nine months alone. His Berkshire Hathaway empire owns nearly 6% of Apple, and the position accounts for almost half of its roughly $350 billion stock portfolio. "Much of what the company retained was used to repurchase Apple shares, an act we applaud," Buffett wrote in his 2021 letter to shareholders.

Persons: Apple, Warren Buffett, Apple's buybacks, Charlie Bilello, Bilello, Apple's repurchases, Buffett, Tim Cook, Apple's Organizations: Service, Visa, JPMorgan, Exxon Mobil, Apple, Citigroup, Berkshire Hathaway Locations: Wall, Silicon, buybacks, Berkshire

☆ Dominican Republic signs preliminary pact to explore building refinery in Guyana
▼ + stars: | 2023-08-08 | by ( Kiana Wilburg | ) www.reuters.com time to read: +2 min

Guyana President Irfaan Ali meets with U.S. Secretary of State Antony Blinken at the State Department in Washington, U.S., July 25, 2022. Any project would be at least 51% owned by the Dominican Republic government, according to the terms of the preliminary agreement, which was seen by Reuters. The pact was signed by Guyana President Irfaan Ali and Dominican Republic President Luis Abinader during Ali's trip to Santo Domingo. "(The) Dominican Republic is also interested in exploring for oil, food production and petrochemicals," in Guyana, Ali added without providing details. The potential alliance with the Dominican Republic is for a second refinery project in Guyana.

Persons: Irfaan Ali, Antony Blinken, Sarah Silbiger, Luis Abinader, Ali, Kiana Wilburg, Matthew Lewis, Grant McCool Organizations: U.S, State Department, REUTERS, Companies Exxon Mobil Corp, GEORGETOWN, Dominican Republic, Reuters, Guyana, Guyanese, Authorities, Exxon Mobil, Thomson Locations: Guyana, Washington , U.S, Dominican Republic, Dominican, Santo Domingo, Guyanese, Georgetown

☆ Mourners Pay Tribute to O’Shae Sibley at the Scene of His Murder
▼ + stars: | 2023-08-06 | by ( Alex Vadukul | More About Alex Vadukul | ) www.nytimes.com time to read: +1 min

Qween Jean, the founder of the advocacy group Black Trans Liberation, said: “Vogueing is not a crime. So today we will vogue in honor of O’Shae.”In the moments before his death, Mr. Sibley and four friends stopped at the Mobil station on Coney Island Avenue after a day at the beach. One of them pulled a knife and stabbed Mr. Sibley. Vogueing, an exuberant dance style that makes use of fashion models’ runway poses, emerged in the Black and Latino queer underground ballroom scene of the 1980s. Mr. Sibley, a Philadelphia native who moved to New York a few years ago with aspirations of pursuing a dance career, found a community in the city’s contemporary ballroom circuit.

Persons: Qween Jean, Sibley, Mr Organizations: Trans, Mobil, Brooklyn Locations: ”, Coney, Philadelphia, New York

☆ UBS' favorite value ETF combines active management with a low fee
▼ + stars: | 2023-08-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors looking to shift into value stocks after the first-half rally should take a closer look at a low-cost, actively managed fund that is showing signs of momentum, according to UBS. ETF strategist David Perlman said in a note to clients Tuesday that the Avantis U.S. Large Cap Value ETF (AVLV) makes sense for investors who want cheap stocks without sacrificing quality. AVLV 3M mountain This Avantis value ETF has rallied over the past three months. The Avantis ETF comes with an alluring price tag: an expense ratio of 0.15%. "This process has led to a value tilt that's been closer to more traditional value indices than deeper value strategies.

Persons: David Perlman, Perlman, it's, Phil McInnis, McInnis Organizations: UBS, Avantis Investors, Russell, Apple, JPMorgan Chase, Exxon Mobil Locations: U.S, AVLV

☆ Bank of America, Chevron and more: CNBC's 'Halftime Report' traders answer your questions
▼ + stars: | 2023-08-03 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about which stocks, bonds and funds to buy, hold or sell. Bill Baruch of Blue Line Futures laid out his technical thesis on how Bank of America and JPMorgan Chase could break out if either were to trade above current share price resistance levels. Finally, Brenda Vingiello of Sand Hill Global Advisors shared why she prefers Chevron over Exxon Mobil as an energy play.

Persons: Bill Baruch, JPMorgan Chase, Brenda Vingiello Organizations: CNBC Pro, Blue, Bank of America, JPMorgan, Global Advisors, Chevron, Exxon Mobil Locations: Sand

☆ Albemarle jumps into global race to reinvent lithium production
▼ + stars: | 2023-08-03 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +2 min

[1/3] A sign at the approach road leads to Albemarle's lithium evaporation ponds at its facility in Silver Peak, Nevada, U.S., January 9, 2019. Already the world's largest lithium producer, a successful move into the DLE sector would likely cement Albemarle's dominance in the fast-growing industry amid the push to electrify the global economy. DLE technologies vary, but they each aim to roughly double lithium extraction rates from brine deposits compared to traditional evaporation ponds. No DLE technology has reached commercial production without the use of those ponds, though, sparking a global race to be the first. If the tests are successful, the company could essentially bolt on DLE equipment to its bromine operations.

Persons: Ernest Scheyder, Kent Masters, Albemarle, Masters, Nick Zieminski Organizations: REUTERS, Reuters, Chevron, Exxon Mobil, General Motors, Ford, Tetra Technologies, Thomson Locations: Silver, , Nevada, U.S, Albemarle, Arkansas

SummaryCompanies BP hikes dividend by 10%Will repurchase $1.5 billion of sharesWeak refining, oil trading and high maintenance weighLONDON, Aug 1 (Reuters) - BP's (BP.L) second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%. BP's underlying replacement cost profit, its definition of net income, missed expectations of $3.5 billion in a company-provided survey of analysts. It fell from $8.5 billion a year earlier and from $5 billion in the first quarter. BP's gearing, or debt-to-capital ratio, stood at 21.7% in the second quarter, compared with 19.6% in the first quarter and 21.9% a year earlier. For the third quarter, BP expects oil prices to be supported by OPEC supply cuts alongside above-historical-average refining margins helped by lower inventories and U.S. demand.

Persons: Bernard Looney, Looney, Biraj Borkhataria, Ron Bousso, Jason Neely Organizations: Rivals Chevron, Exxon Mobil, Shell, BP, Reuters, Reuters Graphics Reuters, RBC, Thomson Locations: Ukraine, Germany

☆ Oil major BP posts 70% drop in second-quarter profit, raises dividend by 10%
▼ + stars: | 2023-08-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

LONDON — Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.6 billion. Analysts had expected BP to report second-quarter profit of $3.5 billion, according to estimates collated by Refinitiv. Oil majors have failed to match the bumper profits posted during the same period of last year amid weaker commodity prices. British rival Shell and French oil major TotalEnergies on Thursday reported a steep drop in second-quarter profit, while U.S.-based Exxon Mobil's second-quarter profit slumped 56% year-on-year.

Persons: Refinitiv, we've, Bernard Looney, CNBC's Organizations: Oil, BP, London, Shell, Exxon Mobil's Locations: U.S

☆ BP appeal requires more than short-term sweeteners
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

LONDON, Aug 1 (Reuters Breakingviews) - Bernard Looney is throwing cash at BP’s (BP.L) shortcomings. In the three months to the end of June the $109 billion European oil major missed expectations by a wide margin, with net income falling 70% to $2.6 billion year-on-year. Wael Sawan, his counterpart at rival Shell (SHEL.L) who only took the helm this year, has refocused his company on “molecules” – from oil and gas to low-carbon hydrogen and biofuels. But Shell has done better, and Bernstein analysts recently estimated BP was trading at a yawning 87% discount to the sum of its parts. The risk for Looney is that if investors want to own one European oil major, it won’t be his.

Persons: Bernard Looney, Looney, Wael Sawan, Shell, Bernstein, won’t, Yawen Chen, Steve Cohen, ’, George Hay, Pranav Kiran Organizations: Reuters, Shell, outperforming, Exxon Mobil, Chevron, BP, Twitter, Sequoia, Thomson Locations: outperforming U.S, India

☆ Exxon Mobil in talks with Tesla, Ford to supply lithium - Bloomberg Law
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

July 31 (Reuters) - Oil major Exxon Mobil (XOM.N) is in talks with Tesla (TSLA.O), Ford Motor (F.N), Volkswagen (VOWG_p.DE) and other automakers to supply lithium, Bloomberg Law reported on Monday citing people familiar with the matter. The talks are in early stages and also include the likes of Samsung (005930.KS) and SK On Co, the report added. Tesla, Ford, Volkswagen did not respond to Reuters requests for comment, while Exxon declined to comment. Its rapid expansion into the lithium sector comes amid growing interest from traditional energy companies and others into emerging technologies that aim to boost global supply of the ultralight metal. Reporting by Sourasis Bose in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Sourasis Bose, Krishna Chandra Organizations: Oil, Exxon Mobil, Ford Motor, Volkswagen, Bloomberg, Samsung, SK, Co, Ford, Exxon, Tetra Technologies Inc, Thomson Locations: Arkansas, Bengaluru

☆ Exxon looks to EV boom as oil giant is in talks to supply lithium to Tesla and other automakers, report says
▼ + stars: | 2023-07-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Exxon Mobil is in talks with car manufacturers to become a lithium supplier, sources told Bloomberg. That includes Tesla, Volkswagen, and Ford. The oil giant is putting effort into joining the EV race, already drilling for lithium in Arkansas. Lithium is a key component in EV batteries, and Albemarle is among the lithium producers that Exxon is also talking to, the report added. The chemical company told Bloomberg in a statement that, "given Albemarle's leadership role in the market, people routinely want to speak with us — especially when looking at potential resources."

Organizations: Exxon Mobil, Bloomberg, Tesla, Volkswagen, Ford, Battery, Samsung, EV, Service, Privacy, Exxon, SK, International Energy Agency, Tetra Technologies Locations: Arkansas, Wall, Silicon, Albemarle

☆ Oil on track for biggest monthly gains in over a year
▼ + stars: | 2023-07-31 | by ( ) www.cnbc.com time to read: +2 min

Oil prices hovered near three-month highs on Monday, set to post their biggest monthly gains in over a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. Both are on track to close July with their biggest monthly gains since January 2022. "We still expect the extra 1 million bpd Saudi cut to last through September, and to be halved from October." "Firmer demand is driving a moderately larger deficit in H2 2023 than expected, averaging 1.8 million bpd, and a modest 0.6 million bpd deficit in 2024," it said. Exxon Mobil's CEO Darren Woods said the company expects record oil demand this year and next year, and that this may help boost energy prices in the second half of the year.

Persons: Brent, WTI, Goldman Sachs, Darren Woods, Baker Hughes Organizations: Brent, West Texas, Saudi, Exxon Locations: Shenzhen, China, Saudi Arabia, Saudi, India, United States, U.S

For the week, the Nasdaq climbed 2.02%, while the S&P rose 1.01%, and the Dow gained 0.66%. The gains gave the S&P 500 its highest close since April 4, 2022. Barclays said investors flocked to equities this week, with inflows of $10 billion to U.S.-listed stocks, according to a note to clients. Advancing issues outnumbered declining ones on the NYSE by a 2.64-to-1 ratio; on Nasdaq, a 2.81-to-1 ratio favored advancers. The S&P 500 posted 27 new 52-week highs and two new lows; the Nasdaq Composite recorded 83 new highs and 84 new lows.

Persons: Scott Ladner, Win Murray, Diamond Hill, Jerome Powell, Brendan McDermid, Peers, Dow, Jim Farley, Carolina Mandl, Kamdar, Johann M, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Big Tech, Federal Reserve, Horizon Investments, Dow Jones, Barclays, New York Stock Exchange, REUTERS, Peers Nvidia, Marvell Technology, Treasury, Bank of Japan, Procter & Gamble, Ford, Enphase Energy, Juniper Networks, Exxon Mobil, Chevron, Reata Pharmaceuticals, NYSE, Thomson Locations: China, U.S, New York City, New York, Bengaluru

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s, data showed on Friday. Barclays said investors flocked to equities this week, with inflows of $10 billion to U.S.-listed stocks, according to a note to clients. On the earnings front, Intel's (INTC.O) results and forecast pointed to an improving PC market, sending the chipmaker's shares up. The yield on the U.S. 10-year note slipped from 4% hit in the previous session, lifting megacap growth and technology stocks sharply higher. Reata Pharmaceuticals (RETA.O) surged after Biogen (BIIB.O) agreed to buy the rare disease drugmaker for nearly $6.5 billion.

Persons: Scott Ladner, Win Murray, Diamond Hill, Jerome Powell, Peers, Dow, Jim Farley, Carolina Mandl, Kamdar, Johann M, Maju Samuel, Deepa Babington Organizations: Horizon Investments, Federal Reserve, Nasdaq, Dow Jones, Barclays, Peers Nvidia, Marvell Technology, Treasury, Bank of Japan, Procter & Gamble, Ford, Enphase Energy, Juniper Networks, Exxon Mobil, Chevron, Reata Pharmaceuticals, Thomson Locations: China, U.S, New York, Bengaluru

Bolstered by supply cuts from the OPEC+ alliance announced earlier this month, both oil benchmarks gained nearly 5% for the week - a fifth straight week of gains. The benchmarks are on track to gain over 13% for the month. In an interview on Friday, Exxon Mobil (XOM.N) chief Darren Woods said he expected record oil demand this year and next. On the supply side, U.S. oil rigs fell by one to 529 this week, their lowest since March 2022, energy services firm Baker Hughes (BKR.O) said on Friday. Saudi Arabia is expected to extend the voluntary oil output cut for another month to include September, five analysts said, to provide additional support for the oil market.

Persons: Brent, Phil Flynn, Jerome Powell's, Tamas Varga, Darren Woods, Baker Hughes, Stephanie Kelly, Natalie Grover, Laura Sanicola, Andrew Hayley, Deepa Babington, Kirsten Donovan Organizations: drillers, U.S . Federal Reserve, European Central Bank, U.S, West Texas, Price Futures, Federal, Exxon Mobil, Thomson Locations: France, Spain, China, OPEC, United States, U.S, Saudi, Saudi Arabia, New York, London, Washington, Beijing

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. Most of the 11 major S&P 500 sectors posted gains, led by communications services (.SPLRCL), which gained 2.01% as big tech companies kept an upward trend after announcing earnings earlier this week. More than half of the firms listed on the S&P 500 have reported second quarter earnings as of Friday, out of which 78.7% have surpassed analyst expectations, according to Refinitiv data. Advancing issues outnumbered declining ones on the NYSE by a 2.31-to-1 ratio; on Nasdaq, a 2.62-to-1 ratio favored advancers. The S&P 500 posted 26 new 52-week highs and two new lows; the Nasdaq Composite recorded 73 new highs and 69 new lows.

Persons: Win Murray, Diamond Hill, Peers, Dow, Jim Farley, Bansari Mayur Kamdar, Johann M, Maju Samuel, Deepa Babington Organizations: Dow, Nasdaq, Federal Reserve, Peers Nvidia, Marvell Technology, Treasury, Bank of Japan, Big Tech, Dow Jones, Procter & Gamble, Ford, Enphase Energy, Juniper Networks, Exxon Mobil, Chevron, Reata Pharmaceuticals, NYSE, Thomson Locations: China, Bengaluru

☆ Australian state bans gas to new homes from 2024 in push to cut emissions
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

Companies Exxon Mobil Corp FollowSYDNEY, July 28 (Reuters) - The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said on Friday. Australia's second-most populous state is the country's largest consumer of natural gas with around 80% of homes connected but also has ambitious plans to reach net zero emissions by 2045, five years ahead of the federal government. Minister for Climate Action Lily D'Ambrosio said on Friday that new homes requiring planning permits must connect to all-electric networks. The changes will apply to all new public buildings yet to reach the design stage, including housing, schools, and hospitals. Australia last month finalised a package of rules for the domestic gas market including a cap on wholesale prices that was first introduced in December.

Persons: Australia's, Lily D'Ambrosio, ” D'Ambrosio, Lewis Jackson, Stephen Coates Organizations: Exxon Mobil Corp, SYDNEY, Thomson Locations: Australian, Victoria, Australia

☆ Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +4 min

Specifically, the central bank said it would offer to buy 10-year JGBs at 1.0% in fixed-rate operations, instead of the previous rate of 0.5% - tolerating the wider band for bond market borrowing rates. With July core inflation in Tokyo falling back to a 10-month low, the need for tightening may be ebbing anyway. Friday's data is expected to show another drop in the Fed's favoured core PCE inflation gauge in June. For markets more broadly, Friday seems a little scattergun so far after a heavy week of macro policy and corporate news. U.S. Treasury yields fell back from two-week highs hit after the punchy U.S. economy readouts and central bank moves, with the 2-to-10 year yield curve steepening as recession fears abate.

Persons: Mike Dolan, Dow Jones bluechips, T Rowe Price, Nick Macfie Organizations: Bank of Japan, Dow, Nikkei, Federal Reserve, European Central Bank, Treasury, ECB, Intel, U.S, Exxon Mobil, Chevron, Proctor, Gamble, Colgate Palmolive, Franklin Resources, Newell Brands, Church, Dwight, Charter Communications, Dallas Fed, University of Michigan, Reuters, Thomson Locations: U.S, Wall St, Tokyo, Wall, Asia, Centene, Franklin

☆ Watch CNBC’s full interview with Exxon Mobil CEO Darren Woods
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Exxon Mobil CEO Darren WoodsExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted an earnings miss but a beat on revenue, rest of the year outlook, and more.

Persons: Darren Woods Organizations: Exxon Mobil, Mobil

☆ Stock Market News Today: Dow, Nasdaq, S&P 500 Close Higher to End The Week
▼ + stars: | 2023-07-28 | by ( ) www.wsj.com time to read: +1 min

U.S. stock indexes closed higher Friday, lifted by tech shares, as blue-chip earnings and fresh inflation data rolled in. Intel gained after it posted a return to profit late Thursday on the back of a resurgent PC market . The S&P 500 and Dow industrials also rose; all three ended the week with gains. Big tech shares were among the day's leading gainers. Intel's rise lifted an index of chip stocks.

Persons: Ford, Dow industrials, Dow, Brent Organizations: Intel, Chevron, Exxon Mobil, Federal, Nasdaq, Big, Treasury Locations: ., Japan's, Japan

☆ Exxon profits slump 56%, joins global peers in energy price hit
▼ + stars: | 2023-07-28 | by ( Sabrina Valle | ) www.reuters.com time to read: +4 min

Profits for global oil majors have dropped by about half from a bumper 2022, when Russia's invasion of Ukraine sent oil and gas prices soaring. Excluding last year's record second quarter, however, Exxon posted its strongest result for the April-to-June quarter in more than a decade, the largest U.S. oil company said, helped by cost cuts and the sale of less profitable assets. "You would have to go back to the second quarter of 2011 to find the last time we produced this level of earnings in the second quarter" excluding last year, she said. "Exxon results came in slightly weaker than expected across earnings and cash flow," RBC analyst Biraj Borkhataria wrote in a note. It distributed about $8 billion in cash to shareholders in the second quarter, including about $3.7 billion in dividends.

Persons: Kathryn Mikells, Biraj Borkhataria, Darren Woods, Woods, Mikells, Sabrina Valle, Sonali Paul, Jason Neely, Marguerita Choy Organizations: Exxon, Reuters, RBC, Chevron, Brent, Reuters Graphics Reuters, Thomson Locations: Ukraine, U.S, Guyana

☆ Stocks making the biggest moves premarket: Intel, Roku, Procter & Gamble and more
▼ + stars: | 2023-07-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

The company reported adjusted earnings of 13 cents a share on revenue of $12.95 billion. Procter & Gamble — The consumer giant saw shares rise more than 1% in premarket trading after the company reported quarterly earnings and revenue that beat analysts' expectations. The company said it expects earnings per share between 49 cents and 59 cents, with revenue between $1.34 billion and $1.44 billion. The U.K.-based company reported second-quarter earnings of $2.15 per share on $11.42 billion in revenue. The snack maker on Thursday reported earnings of 76 cents a share, excluding items, on $8.51 billion in revenue.

Persons: Roku, Refinitiv, Gamble, Wells Fargo, Roth, Sweetgreen, Ford, Jefferies, Yun Li, Jesse Pound Organizations: Intel, Reata Pharmaceuticals, Procter, Exxon Mobil —, Revenue, Chevron, U.S . Enphase Energy, Deutsche Bank, Ford, Juniper Networks, AstraZeneca — U.S, Refinitiv, AstraZeneca, Pfizer, Volkswagen . New York Community Bancorp, JPMorgan, New York Community Bancorp Locations: U.S, Wells

☆ Exxon Mobil CEO Darren Woods: We're going to see record high oil demand this year
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods: We're going to see record high oil demand this yearExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted an earnings miss but a beat on revenue, rest of the year outlook, and more.

Persons: Darren Woods Organizations: Exxon Mobil

Search resuls for: "Mobil"

25 mentions found