Exxon Disappoints on Non-Cash Charges Despite Guyana Boost
Exxon Mobil Corp. and Chevron Corp. declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
Exxon Mobil Corp. and Chevron Corp. declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
Elliott Investment Management has built a roughly $1 billion stake in Anglo American Plc, people with knowledge of the matter said, adding to the pressure on the UK-listed miner after it rejected a takeover approach from Australia’s BHP Group Ltd.
Voter support for South Africa’s ruling African National Congress slipped further before next month’s election, a new opinion poll showed, with the leftist Economic Freedom Fighters leaking votes to a new party backed by former President Jacob Zuma.
Brazil’s inflation cooled more than expected, giving the central bank room to maintain its current pace of easing through the coming months.
Energy executives warn that it will be a long and costly journey, while activists and analysts say there are significant rewards and little time to waste.
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