Exxon Mobil (XOM) expects changes in oil and gas prices to impact its earnings in the third quarter. Chemical and Specialty Products may also be affected. The company plans to release third-quarter results on October 31.
Battle of oil titans Chevron and Exxon over Guyana oil project could impact top energy ETFs. M&A, arbitration, and activist investors add to the stakes.
Shareholders elected former ConocoPhillips Chief Financial Officer Sigmund Cornelius and former Targa Resources executive Michael Heim among Elliott’s nominees.
Several analysts have forecast that benchmark crude will remain below $65 per barrel in 2025, a price level at which oil producers are unable to raise production.
Energy sector faces investor scrutiny due to recent developments. ETFs like XLE, VDE, and UNG offer exposure to energy companies amid market uncertainty.
The U.S. President said the decision was taken partly because Venezuelan President Nicholas Maduro failed to meet the agreement’s electoral conditions.
