The Great AI Buildout Shows No Sign of Slowing
Microsoft and OpenAI inked a deal enhancing the ChatGPT maker’s fundraising ability and OpenAI promptly started laying groundwork for an initial public offering that could value the company at $1…
Exxon Beats Q3 Profit Estimates on Higher Guyana, Permian Production
Summary Exxon raises dividend by 4% to $1.03 per share Company on track to complete $20 billion share buyback this year Exxon incurs $510 million in restructuring costs in Q3…
Chevron Tops Q3 Earnings Estimates with Record Production After Hess Deal
Summary Hess acquisition helps boost Chevron’s quarterly profit Cash flow grows 20% year-on-year on rise in output ‘High confidence’ free cash flow will keep growing, CFO says Upstream earnings decline…
Trump’s Big Nuclear Reactor Push Raises Safety Concerns
Summary Deal offers US government potential 20% stake in Westinghouse Safety advocates warn of risks due to financial incentives Experts question workforce capacity for rapid reactor construction Oct 31 (Reuters)…
Oil Heads for Third Monthly Decline as Dollar, OPEC+ Supply Weigh
Summary Brent, WTI set to fall about 3.5% in October OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say Saudi prices for Asian buyers might fall in…
Shell, Total Flag Uncertainty in Timing of New Global LNG Supply
By and LONDON, Oct 30 (Reuters) – Shell (SHEL.L) and TotalEnergies (TTEF.PA), the world’s two largest listed LNG traders, said on Thursday that the exact timing of new LNG projects…
US Army Corps Approves Enbridge’s Line 5 Reroute in Wisconsin
The Army Corps, a federal engineering service, issued a permit Wednesday for Enbridge to build a new 41-mile segment of pipeline around the Bad River Reservation, to replace an existing…
US Is Ready to Sell More Oil and Gas to China, Energy Chief Says
By and Oil storage tanks in Crockett, California. Photographer: David Paul Morris/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: Energy Secretary Chris Wright said the…
Trump Says China to Begin Process of Purchasing ‘American Energy’
China has stayed away from importing U.S. crude oil and has been reselling U.S. liquefied natural gas since early this year as Beijing’s high tariffs made the purchases unviable. Get…
Cheniere Energy Reports Rise in Third-quarter Profit on Strong LNG Demand
(Reuters) – Cheniere Energy reported a rise in third-quarter profit on Thursday, on the back of strong demand for liquefied natural gas, sending its shares up 1.8% in premarket trading.…
