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[1/2] Word "Oil" and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/FilesFeb 17 (Reuters) - Oil prices were on track for weekly losses as strong U.S. economic data heightened concerns that the Federal Reserve would further tighten monetary policy to tackle inflation, a move that could hit fuel demand even as crude stockpiles grow. Data showed that the U.S. producer price index (PPI) rose 0.7% in January, after declining 0.2% in December. "Crude oil prices were also lower due to risk-off trades following the selloff on Wall Street following the PPI data and a strong U.S. dollar," Teng said. Oil prices have seesawed over the past weeks between fears of a recession hitting the United States amid inflation-fighting rate hikes and hopes for a pick-up in demand in China, the world's top oil importer.

☆ Exxon smashes Western oil majors' profits with $56 billion in 2022
▼ + stars: | 2023-01-31 | by ( Sabrina Valle | ) www.reuters.com time to read: +5 min

"Overall earnings and cash flow were up pretty significantly year on year," Exxon Chief Financial Officer Kathryn Mikells told Reuters. "So that came really from a combination of strong markets, strong throughput, strong production, and really good cost control." Exxon boasted that its cash flow from operations soared to $76.8 billion last year, up from $48.1 billion in 2021. Part of it is explained by rising costs in the Permian, with inflation in the double digits, amid "really, really hot" demand for equipments and services, he said. Exxon's results come ahead of what are expected to be strong earnings from Shell plc on Thursday and from BP plc and TotalEnergies next week.

☆ Elon Musk Twitter poll shows majority want him to step down as chief
▼ + stars: | 2022-12-19 | by ( Nivedita Balu | ) www.reuters.com time to read: +4 min

Dec 19 (Reuters) - Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a backlash against the billionaire less than two months after he took over. The poll results capped a whirlwind of actions over the past few days, including the suspension of journalists which drew condemnation from news organizations, advocacy groups and officials across Europe. The sudden banning of accounts that promoted rival social media platforms such as Facebook sparked retaliation even among long-time supporters. "THERE IS NO SUCCESSOR"Replying to one Twitter user's comment on a possible change in CEO, Musk said on Sunday "There is no successor". "Elon" and "CEO of Twitter" were among the trending topics on the social media platform on Monday.

☆ Elon Musk poll shows 57.5% want him to step down as Twitter chief
▼ + stars: | 2022-12-19 | by ( ) www.reuters.com time to read: +2 min

[1/4] Elon Musk photo and Twitter logo are seen through magnifier in this illustration taken November 4, 2022. REUTERS/Dado Ruvic/IllustrationDec 19 (Reuters) - Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a backlash against the billionaire less than two months after he took over. "Musk is Tesla and Tesla is Musk." Replying to one Twitter user's comment on a possible change in CEO, Musk said on Sunday "There is no successor". "Elon", "CEO of Twitter", "vote Yes" and "vote No" were among the trending topics on Twitter on Monday.

☆ Exxon, Chevron to spend billions more on oil projects next year
▼ + stars: | 2022-12-08 | by ( Sabrina Valle | ) www.reuters.com time to read: +3 min

The Biden administration has criticized oil companies for not raising their oil production to help lower prices to consumers. Exxon sees potential for $100 billion in surplus cash by 2027, assuming global oil prices of $60 per barrel. Chevron should generate about $34 billion in free cash flow next year, according to Jefferies equity research, twice its oil investments levels. U.S. and European producers have also been partially recovering project spending slashed during the pandemic. The five western majors posted record profits this year, and Exxon and Chevron shares have hit historical highs this quarter.

Musk also suggested Apple had threatened to block Twitter from its app store, although he did not explain why. loadingSpotify has previously submitted antitrust complaints against the iPhone-maker in Europe, and Epic Games sued Apple in the United States in 2020. The European Commission has been investigating whether Apple's rules for app developers violate its rules after Spotify filed an antitrust case against Apple in 2019. "Apple continues to disadvantage competitors, and the impact is huge - on consumers, app developers, and now, authors and publishers. Apple, Twitter and Spotify did not immediately respond to requests for comment.

[1/2] Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. The billionaire CEO of Twitter and Tesla also said Apple was pressuring Twitter over content moderation demands. Parler was restored by Apple in 2021 after the app updated its content and moderation practices, the companies said at the time. "Apple has mostly stopped advertising on Twitter. Musk also said "yes" in response to a user question on whether Apple was threatening Twitter's presence in the App Store or making moderation demands.

Musk told Twitter employees that anyone who had not clicked on a link confirming "you want to be part of the new Twitter" by Thursday evening New York time would be considered to have quit. Three sources who had received the message at Twitter confirmed its content. The latest move to restructure the company comes after Twitter slashed half of its workforce earlier this month as Musk took control of the social media company. Elon Musk photo and Twitter logo are seen through magnifier in this illustration taken November 4, 2022. He also told employees that if "you do not show up at the office, resignation accepted," according to a transcript of a meeting reported by Verge.

☆ Russian blue chips tank after people killed in Poland near Ukraine border
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: 1 min

[1/3] Gazprom logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/IllustrationNov 15 (Reuters) - Shares of Russian blue chips including Gazprom (GAZP.MM), Rosneft (ROSN.MM), Sberbank (SBER.MM), Polyus (PLZL.MM) and Nornickel (GMKN.MM) were down by down 2-3.8% in late trade in Moscow. Two people were killed in an explosion in Przewodow, a village in eastern Poland near the border with Ukraine, firefighters said on Tuesday. Russian defense ministry said no strikes near Ukrainian-Polish border were conducted by Russian weapons. Reporting by Reuters; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ U.N. urges Musk to safeguard human rights at Twitter
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Elon Musk photo and Twitter logo are seen through magnifier in this illustration taken November 4, 2022. REUTERS/Dado Ruvic/IllustrationGENEVA, Nov 5 (Reuters) - The U.N. High Commissioner for Human Rights, Volker Türk, on Saturday issued an open letter to Elon Musk, the new owner of Twitter Inc, urging him to "ensure human rights are central to the management of Twitter". "Twitter is part of a global revolution that has transformed how we communicate," Türk said in the letter. "Respect for our shared human rights should set the guardrails for the platform's use and evolution." "In short, I urge you to ensure human rights are central to the management of Twitter under your leadership," the High Commissioner said.

Twitter is already facing a proposed class action claiming the layoffs are imminent and will violate U.S. and California laws if employees are not given advance notice or severance pay. The law defines mass layoffs as those affecting at least 500 employees during a 30-day period, or at least 50 employees if layoffs impact at least one-third of a company's workforce. The lawsuit claims the layoffs violate the WARN Act and a similar California law. The law firm behind that case, Boston-based Lichten & Liss-Riordan, also represents the Twitter workers who sued on Thursday. Enterprise Rent-A-Car, Hertz Corp (HERTZ.UL), restaurant chain Hooters and Florida hotel operator Rosen Hotels and Resorts Inc all settled WARN Act lawsuits over pandemic-related layoffs.

[1/2] Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. Managers have been forbidden from calling team meetings or communicating directly with staff, one senior Twitter employee said, adding that they were being monitored. "I'm really worried tweeps," a Twitter staffer wrote Thursday on Blind, which verifies employees through their work email addresses. "Give us the details," a Google employee wrote in a Blind post directed at Twitter staff. Much worse," answered a Twitter employee.

Twitter logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Musk's deposition is expected to be a key part of the litigation. read moreTwitter's attorneys are expected to try to show that Musk abandoned the deal due to falling financial markets. Twitter wants McCormick to order Musk to close the deal at the agreed price of $54.20 per share. The billionaire is seeking a ruling that Twitter violated the deal agreement by withholding critical information about users, allowing Musk to walk away without penalty.

☆ EXCLUSIVE Chevron offering minority stakes in three Alaskan oilfields
▼ + stars: | 2022-09-19 | by ( Shariq Khan | ) www.reuters.com time to read: +2 min

The company is offering stakes in three oilfields, it confirmed. It holds around 10% in Alaska's Endicott field, 5% in Kuparuk field and 1.2% in Prudhoe Bay. However, at current oil prices, a sale would likely fetch between $450 million and $550 million, according to a Rystad Energy analyst using comparable transactions. The properties offered include interests in pipelines in the Kuparuk and Endicott fields, according to the marketing document. The oilfields that Chevron is offering produce around 9,400 barrels of oil and gas per day.

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