Exxon Disappoints on Non-Cash Charges Despite Guyana Boost
Exxon Mobil Corp. posted disappointing results after a bevy of non-cash charges took the shine off surging oil output from its marquee development in Guyana.
Exxon Mobil Corp. posted disappointing results after a bevy of non-cash charges took the shine off surging oil output from its marquee development in Guyana.
Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a barrel.
Azerbaijan, host of this year’s COP29 climate summit, will continue to invest in increasing gas production in order to feed demand from Europe as its president said that its abundant fossil fuels were a “gift of the gods.”
Gold edged up ahead of US inflation data due Friday, but was still headed for a weekly loss.
Emerging-market currencies will be attractive for carry traders as hawkishness has been spreading from the Federal Reserve to many developing central banks, according to strategists from Citigroup Inc. and JPMorgan Chase & Co.
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