Oil and Gas News
Market coverage tagged Oil and Gas.
- Top Mover
New ConocoPhillips CEO Andy O'Brien Inherits $7 Billion Free Cash Flow Target Anchored by Alaska Willow Project
Andy O'Brien will succeed longtime ConocoPhillips chairman and CEO Ryan Lance next month, inheriting a multiyear plan to add $7 billion in free cash flow by 2029, a target Lance reaffirmed…
- Top Mover
Chevron Stock Jumps 3.3% After Free Cash Flow Update and AI Power Deal as Big Oil Profits Draw Political Fire
Chevron shares rose 3.3% on Monday after the company late Friday issued an updated free cash flow outlook for the year, signaling stronger-than-expected performance, and separately…
- Market Flux Event
Oil Surges 5% as Hormuz Talks Stall, Stocks Flat Ahead of Wednesday CPI
Oil prices surged sharply on Monday as negotiations to reopen the Strait of Hormuz broke down, with Brent crude settling at $87.72 a barrel, up 4.7%, and West Texas Intermediate gaining…
- Market Flux Event
Houthis Strike Saudi Aramco Jazan Refinery With Drone, Fire Extinguished With No Injuries
Yemen's Houthi military spokesperson announced on Sunday that the group carried out a drone strike on Saudi Aramco's refinery in Jazan, describing the strike as precise and saying it came…
- Market Flux Event
Oil Prices Rise on Iran Strait of Hormuz Concerns
Oil prices increased as markets reacted to Iran's draft plan imposing restrictions on the Strait of Hormuz, raising fears about potential supply disruptions through the critical shipping…
- Market Flux Event
Oil Surges Past $83 on Iran Shipping Ban Threat at Hormuz Strait
Crude prices jumped over 1%, with Brent rising above $83 per barrel, as Iran considers restricting U.S. and Israeli-linked vessels from the Strait of Hormuz despite recent reopening…