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☆ Best dividend stocks to buy as rate cuts make their yields more attractive
▼ + stars: | 2024-09-17 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

The Federal Reserve is set to cut interest rates Wednesday for the first time in four years, which should make the yields for dividend stocks even more attractive, lifting the group. Using the CNBC Pro Stock Screener tool, we searched for stocks with a dividend yield above 3% and a low debt-to-equity ratio under 60%. Click here to view the results on CNBC Pro's Stock Screener tool and to make your own screener. Coterra Energy and ConocoPhillips are other energy names with strong dividends and attractive returns, according to the CNBC Pro screener. Other strong dividend stocks from the screen include Truist Financial and phosphate and potash mining company Mosaic .

Persons: Morgan Stanley, Devin McDermott, McDermott, Bank of America Wamsi Mohan, Mohan Organizations: Federal, Exxon Mobil, ConocoPhillips —, CNBC, Stock, CNBC Pro's, Energy, Exxon, Chevron, Devon Energy, Coterra Energy, ConocoPhillips, CNBC Pro, Hewlett Packard Enterprise, Bank of America

☆ Calls of the Day: Colgate, Oracle, Progressive and Exxon
▼ + stars: | 2024-09-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Colgate, Oracle, Progressive and ExxonThe Investment Committee discuss the latest Calls of the Day.

Organizations: Colgate, Oracle, Progressive, Exxon, Investment

☆ Just Stop Oil demanded climate action. Their protests have landed them in prison
▼ + stars: | 2024-09-14 | by ( Kara Fox | ) edition.cnn.com time to read: +16 min

Just Stop OilThe laws were purpose-built to target protest groups like Just Stop Oil. ExxonMobil told CNN that they do not currently fund Policy Exchange or American Friends of Policy Exchange, but did not answer questions about past funding. The UK’s lengthy jail terms stand out globally, but the creeping clampdown on disruptive climate protest is also happening elsewhere. Leon Neal/Getty ImagesThe Just Stop Oil case amplifies the near erasure of legal defenses available to protesters who take part in disruptive demonstrations. The same report compared Just Stop Oil to “terror groups” and recommended their actions be banned.

Persons: Cressie Gethin, “, — Louise Lancaster, Daniel Shaw, Lucia Whittaker, Abreu, Roger Hallam, —, ” —, ” Gethin, Michael Forst, “ ’, ’ ” Cressida Gethin, Jodie Beck, Toby Melville, Rishi Sunak, ” Sunak, Gethin, ”, ALEC, Exxon’s, Stephanie Keith, UN’s Forst, Leon Neal, ” Tim Crosland, — Lord Walney, John Woodcock —, Israel . Woodcock, Henry Nicholls, Beck, ” Beck, she’s Organizations: London CNN, Prosecutors, CNN, HMP, Airport, Big Oil, Conservative, International Energy Agency, Labour, London, Police, Amnesty International, Liberty, Stop, ExxonMobil, Exchange, Atlas Network, of Policy, London Metropolitan Police, Met Police, Global, US Civil Rights, Climate Rights International, International Center, Profit, Dakota Access Pipeline, American Legislative Exchange Council, Chevron, Energy, Center for Media, Democracy, Dakota, Pipeline, Oil, Palestine, British, Reuters Locations: North, London, HMP Bronzefield, London’s, —, US, Germany, France, Australia, Mandan , North Dakota, United Kingdom, Israel, England, Northern Ireland

☆ A.I. Drones Are the Future of War. We Are Not Ready for It. - The New York Times
▼ + stars: | 2024-09-13 | by ( Raj M. Shah | Christopher Kirchhoff | ) www.nytimes.com time to read: +2 min

The First Matabele War, fought between 1893 and 1894, foretold the future. The brutal era of trench warfare the Maxim gun ushered in only became fully apparent in World War I. Like other unmanned vehicles that aim for a high level of autonomy, these Russian drones don’t rely on large language models or similar A.I. Hezbollah’s alleged use of explosive-laden drones has displaced at least 60,000 Israelis south of the Lebanon border. And in the attacks of Oct. 7, Hamas used quadcopter drones — which probably used some A.I.

Organizations: British South Africa Company, Ukrainian, Exxon, Hamas Locations: British, U.S, Russian, Lebanon, Gaza, Israel, Palestinian

☆ How oil-rich Arkansas became a hotbed of lithium mining
▼ + stars: | 2024-09-13 | by ( Lisa Setyon | In | ) www.cnbc.com time to read: +3 min

The future of lithium production in the U.S. is gaining momentum in Arkansas, as companies like ExxonMobil , Albemarle, and Standard Lithium make significant investments in the state. While most of the world's lithium still comes from countries like Australia, Chile and China, Arkansas could change that. Standard Lithium, which has operated in Arkansas since 2020, is also expanding its Direct Lithium Extraction (DLE) facility in El Dorado, thanks to a $100 million investment from Koch Strategic Platforms. Still, companies like Albemarle and Standard Lithium told CNBC they remain optimistic about Arkansas' potential to become a key player in the global lithium market. "The United States has to step up," said Robert Mintak, CEO of Standard Lithium.

Persons: Wesley Hamilton, Shon Hiatt, Robert Mintak, We've Organizations: United States Geological Survey, Energy, Exxon Mobil, Koch, Business, University of Southern, Atlantic Council, CNBC Locations: U.S, Arkansas, Albemarle, Australia, Chile, China , Arkansas, El Dorado, University of Southern California, China, United States

☆ Why all eyes are on Arkansas' lithium
▼ + stars: | 2024-09-13 | by ( Lisa Setyon | Jeniece Pettitt | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy all eyes are on Arkansas' lithiumArkansas is becoming a key player in U.S. lithium production, attracting major investments from Exxon Mobil, Albemarle, and Standard Lithium. The state's lithium-rich Smackover Formation could power millions of EVs, but challenges like volatile prices and unproven direct lithium extraction (DLE) technology remain. CNBC visited Magnolia and El Dorado, Arkansas, to explore the economic, technological and strategic impacts of this emerging lithium market.

Organizations: Exxon Mobil, CNBC Locations: Arkansas, Albemarle, El Dorado , Arkansas

☆ Cramer's Lighting Round: 'I'm going to say no' to Citigroup
▼ + stars: | 2024-09-10 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Stock Chart Icon Stock chart icon Citigroup's year-to-date stock performance. Stock Chart Icon Stock chart icon IES's year-to-date stock performance. Stock Chart Icon Stock chart icon IBM's year-to-date stock performance. Stock Chart Icon Stock chart icon Exxon Mobil's year-to-date stock performance. Stock Chart Icon Stock chart icon Alpha Metallurgical Resources' year-to-date stock performance.

Persons: Arvind Krishna Organizations: Citigroup, Citi, IBM, Parts, Exxon, Exxon Mobil, Alpha Metallurgical Resources

☆ Lightning Round: No to Citi, yes to JPMorgan, says Jim Cramer
▼ + stars: | 2024-09-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: No to Citi, yes to JPMorgan, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Citi Bank, IES Holdings, IBM, Advance Auto Parts, Exxon Mobil, and more.

Persons: Jim Cramer Organizations: Citi, JPMorgan, Citi Bank, IES Holdings, IBM, Advance, Parts, Exxon Mobil

☆ CNBC Daily Open: Markets fall with Japan stocks in bear territory; Berkshire's cash hoard at record high
▼ + stars: | 2024-08-05 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Jobs shock hits stocksU.S. stocks plummeted on Friday after a weaker-than-expected jobs report added to fears of a recession. The Nasdaq Composite dropped 2.43% and is now in correction territory, having declined more than 10% from its recent high. Asian stocks plungeAsian stocks continued to sell-off on Monday, with the Japanese market confirming a bear market. The stocks had to pass several criteria, including receiving five or more earnings upgrades in the past three months.

Persons: Topix, Taiwan's Taiex, Warren Buffett Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Treasury, Federal, Nikkei, CSI, Berkshire Hathaway's, Apple . Berkshire, Exxon, Chevron, CNBC Pro Locations: New York City, China, Apple ., Berkshire, Guyana, U.S, San Ramon , California, Houston , Texas

☆ CNBC Daily Open: Nasdaq in correction territory; Berkshire's cash holdings reach record high
▼ + stars: | 2024-08-05 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq Composite dropped 2.43% and is now in correction territory, having declined more than 10% from its recent high. The unemployment rate rose to 4.3%, the highest since October 2021 when the global economy was still reeling from the Covid-19 pandemic. The stocks had to pass several criteria, including receiving five or more earnings upgrades in the past three months.

Persons: Warren Buffett Organizations: New York Stock Exchange, CNBC, Dow Jones Industrial, Nasdaq, Treasury, Federal, Berkshire Hathaway's, Apple . Berkshire, Exxon, Chevron, CNBC Pro Locations: New York City, Apple ., Berkshire, Guyana, U.S, San Ramon , California, Houston , Texas

☆ Stocks making the biggest moves premarket: Exxon Mobil, Intel, Apple, Snap, Amazon and more
▼ + stars: | 2024-08-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Exxon Mobil — The energy giant reported a stronger-than-expected profit for the second quarter amid record production in Guyana and the Permian Basin. Intel — Shares plunged 20% on the back of weaker-than-expected earnings and revenue for the second quarter. The company reported weaker-than-expected revenue for the second quarter and issued a disappointing forecast for the third quarter. The company posted second quarter adjusted earnings of 87 cents per share on revenue of $1.08 billion. In the second quarter, revenue came in at $1.45 billion, slightly above estimates of $1.40 billion, according to LSEG.

Persons: FactSet, Cloudflare, DoorDash, Clorox, LSEG, GoDaddy, Sarah Min, Samantha Subin, Lisa Han, Michelle Fox Organizations: Exxon Mobil, Intel —, Revenue, Apple —, Apple, Twilio, Booking Holdings, Coterra Energy, LSEG . Revenue, Management Locations: Guyana

☆ Exxon earnings beat as production in Guyana and Permian sets a record
▼ + stars: | 2024-08-02 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

ExxonMobil on Friday posted its second highest results for the second quarter in the past decade, as the company achieved record production in Guyana and the Permian Basin. Exxon shares rose more than 1% before the market opened. Revenue rose to $93.06 billion from $82.91 billion a year ago, which was enough to top analysts estimates of $90.99 billion, according to LSEG. Production grew by 15%, or 574,000 barrels per day, to 4.4 million barrels per day from the first quarter, driven by records in Guyana and the Permian. Exxon shares have rise nearly 17% since the start of 2024.

Organizations: Exxon Mobil, Washington , D.C, ExxonMobil, Exxon, LSEG, Natural Resources Locations: Washington ,, Guyana, Capital

☆ Exxon Mobil CEO Darren Woods on Q2 results: Reflects our work over the last 7 years
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on Q2 results: Reflects our work over the last 7 yearsExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, state of arbitration with Hess, energy policy, and more.

Persons: Darren Woods, Hess Organizations: Exxon Mobil

☆ Jim Cramer's top 10 things to watch in Friday's rough stock market
▼ + stars: | 2024-08-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Club stocks Broadcom was down and Advanced Micro Devices was actually up. Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Apple, Hess, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Amazon, Intel, Apple, Nvidia, Broadcom, Devices, Coterra Energy, Exxon, Club, Natural Resources, Chevron, Revenue, Jim Cramer's Charitable, CNBC Locations: U.S, Central, Guyana, Texas, California

☆ An options trade on an oil giant before earnings with crude on the move higher
▼ + stars: | 2024-08-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Over the past couple of weeks, energy stocks have outperformed as investors have moved away from technology, consumer discretionary and, well, everything else. I'll breaking down my market view and then describe a possible trade on a big energy stock into earnings. Several energy companies, including the three largest US-based integrated oil companies, report earnings this week. Exxon is up slightly this week as oil inches higher on Middle East tensions. XOM YTD mountain Exxon, year-to-date Crude prices and energy stocks are, technically, mixed bags.

Persons: I've, Brent, that's Organizations: Exxon Mobil, Chevron, Exxon, CNBC, NBC UNIVERSAL

☆ P&G's rally signals economic worries are back — plus, we're downgrading a consumer stock
▼ + stars: | 2024-08-01 | by ( Jeff Marks | ) www.cnbc.com time to read: +6 min

That's why some classic slowdown stocks in the health care and consumer staples sectors are outperforming versus cyclicals. But with Wynn earnings coming up Tuesday, we'd rather be cautious and downgrade our rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Wells, Stanley Black, Wynn, we've, — Wynn, we'd, We'll, Coterra, FactSet, Jim Cramer's, Jim Organizations: CNBC, Treasury, Federal Reserve, Procter, Gamble, Wynn Resorts, MGM Resorts, MGM, Revenue, Vegas, Coterra Energy, Apple, Intel, Club, Linde, Exxon Mobil, Chevron, Jim Cramer's Charitable Locations: Wells Fargo, Las Vegas, Macau, Vegas, China

☆ Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
▼ + stars: | 2024-08-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The company reported adjusted earnings of $7.7 billion in the first quarter of 2024. Shell said it would launch a $3.5 billion share buyback program over the next three months, a similar scheme as in the previous quarter. British rival BP on Tuesday increased its dividend and extended its share repurchasing program on the back of stronger-than-expected earnings.

Persons: LSEG, Shell's, Shell, Wael Sawan, CNBC's, Sawan, Chandra Asri Organizations: Shell, Chandra, BP, Exxon Mobil, Chevron Locations: Radstock, Somerset, England, Singapore, Rotterdam, Netherlands, Swiss, London

☆ Stock futures slip after Amazon posts results, traders brace for July payrolls report: Live updates
▼ + stars: | 2024-08-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024 in New York City. U.S. stock futures slid on Thursday night as traders considered fresh results from Amazon and Intel. Dow Jones Industrial Average futures lost 143 points, or 0.4%, and Nasdaq 100 futures dropped 0.8%. Even the small-cap Russell 2000 hasn't been spared from the recent tumult, down about 3.3% in the period and on pace for its worst weekly performance since January. On the earnings front, energy giants Chevron and Exxon Mobil will be announcing their quarterly results Friday before the market open.

Persons: July's, Dow, Quincy Krosby, Arnim Holzer, Russell, " Holzer, hasn't, payrolls, Dow Jones Organizations: New York Stock Exchange, Amazon, Intel, Investors, Dow Jones Industrial, Nasdaq, Apple, LPL, EAB Investment, Chevron, Exxon Mobil Locations: New York City . U.S, Thursday's

CNN —A week after announcing her run for president, Kamala Harris has yet to tell voters how she will address the key issues facing the nation. Harris has also touted the Biden administration’s efforts to lower drug costs, reduce child poverty, forgive student loan debt and remove medical debt from credit reports. Hefty student debt loads are also an area of interest to Harris. Experts credit Harris’ ability to secure private-sector investments as her most visible action in the region to date but have cautioned about the long-term durability of those investments. For President Biden and me, our sacred commitment to NATO remains ironclad.

Persons: Kamala Harris, Joe Biden, Harris, she’s, Biden, Donald Trump, ”, Roe, Wade, She’s, Trump, Immigration Biden, Benjamin Netanyahu, Biden’s, Netanyahu, ” Harris, –, ” Harris didn’t, Ukraine Harris, Volodymyr Zelensky, “, Vladimir Putin Organizations: CNN, America, “, Black, Zeta Phi Beta, Biden, Families, Wall Street, ConocoPhillips, Exxon Mobil, Senate, Green, Immigration, Department of Homeland Security, Partnership for Central America, Israeli, Munich, United States Congress, NATO Locations: Indianapolis, Minnesota, Biden’s, Canada, United Kingdom, France, Japan, Australia, Paris, Central America, Mexico, Israel, Gaza, “, Indiana, Ukraine

☆ 14 earnings, jobs and the Fed are what we're watching in the market this week
▼ + stars: | 2024-07-27 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

As for Club earnings, we got positive results from life sciences company Danaher and industrial firm Dover. Ford was a major disappointment and its nearly 20% stock drop for the week was the worst performer in the portfolio. In the week ahead, it's going to be another big week of earnings with the four mega-cap names and 10 other Club names set to report. Linde : We're looking for more of the same — steady earnings growth; 6% is the Street estimate. End market commentary will also help us better formulate our view of the economy — and in turn the stock market.

Persons: Russell, Jerome Powell's, Ford, Stanley Black, Decker, We're, we'll, Elliott, we've, We'll, Kraft Heinz, Vita Coco, COCO, Lam, SIRI, WEN, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Nasdaq, Dow, Communication, Honeywell, YouTube, Procter & Gamble, Devices, Microsoft, Starbucks, GE Healthcare, DuPont, Meta, Apple, Coterra Energy, Linde, Silo AI, Elliott Management, GE HealthCare, Amazon, Apple Intelligence, U.S, Labor, Fed, Networks, Procter, Gamble, PayPal, Pfizer, BP, JetBlue Airways, Merck, Solar Inc, Caesars Entertainment, Electronic Arts, EA, Nation Entertainment, Boeing, Cruise, Mastercard, Teva Pharmaceutical, Hess Corp, Arm Holdings, Qualcomm, Lam Research, Western, eBay, EBAY, MGM Resorts, MGM, ConocoPhillips, Mobileye, Canada Goose Holdings, Hershey, Toyota, Dominion Energy, Air Products & Chemicals, Southern Company, International, Coterra Energy Intel, Coinbase, Booking Holdings, LIN, Exxon Mobil, Chevron, LyondellBasell Industries, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: Dover, Eaton, Amazon, China, destocking, Corning, New York City

☆ Apple and Microsoft are among the 'Magnificent Seven' stocks set to report next week. Here's what that means
▼ + stars: | 2024-07-26 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.

Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna

☆ Final Trades: Seagate, Exxon Mobil, Morgan Stanley and the IJH
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Seagate, Exxon Mobil, Morgan Stanley and the IJHThe Investment Committee give you their top stocks to watch for the second half.

Persons: Morgan Stanley Organizations: Seagate, Exxon Mobil, Investment

☆ These stocks set to report earnings next week have a record of beating expectations
▼ + stars: | 2024-07-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

A third of the S & P 500 companies are set to report earnings next week. As the busiest week of earnings season approaches, here are some companies that have historically posted a beat and rallied afterward. Amazon , Apple , Merck and Exxon Mobil are among the companies slated to release their quarterly results. With this in mind, Bespoke Investment Group screened for companies reporting next week whose quarterly earnings have managed to beat consensus analyst estimates at least 75% of the time. Additionally, the stocks in the screener all have gained on average 1.5% the day of or following their earnings release.

Persons: Oppenheimer, Meta's, Steve Madden Organizations: Apple, Merck, Exxon Mobil, Investment, Meta, Nasdaq, Mastercard, Bank of America Locations: China, Wednesday's

☆ This energy giant could soon see a breakout to fresh all-time highs, according to the charts
▼ + stars: | 2024-07-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

XOM is within 7% of its 52-week high of $123.75 from April 12, which also is its all-time high. However, that same volatile trading range since April has become part of a much larger potential bullish pattern — which is best seen on this weekly chart. The area shaded in yellow is the same bullish pattern highlighted above. In other words, a breakout to new highs now finally would help extend the 14-year bullish pattern breakout (2008-2022). The best-case scenario, then, would be seeing XOM breakout on both an absolute and relative basis.

Persons: XOM, It's Organizations: Exxon Mobil, Chevron, CNBC, NBC UNIVERSAL

☆ Chicago-area gas prices are surging after a tornado nearly took out a refinery
▼ + stars: | 2024-07-24 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Gas prices have spiked in and around Chicago after a tornado sidelined a major ExxonMobil oil refinery last week. A gallon of gas in Chicago is now selling for an average of $4.34, according to AAA. That’s 27 cents more expensive than just a week ago after a tornado narrowly missed the Joliet Refinery and knocked power out to the Channahon, Illinois, facility. Gas prices have also jumped in nearby Michigan, another battleground state in the upcoming presidential election. “It will increase supply and lower prices,” Lipow said.

Persons: it’s, Kamala Harris, Andy Lipow, there’s, Catie Tuley, “ We’ve, ” Tuley, Lipow, ” Lipow Organizations: New, New York CNN, AAA, Joliet Refinery, Chicago, Lipow Oil Associates, Exxon, CNN, Wednesday, Environmental Protection Agency, EPA Locations: New York, Chicago, Joliet, , Illinois, Gary, Indiana, Wisconsin, Kenosha County, Milwaukee, Waukesha, Racine, Michigan, Gulf

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