News of New York

Lawmakers find Big Oil engaged in a long campaign of climate disinformation and making record profits
9 December 2022
3576
Greenwashing campaign Major oil companies have engaged in a "long-term greenwashing campaign" while making "record profits at the expense of American consumers", as the Democrat-led House Oversight Committee found after a year-lo...
U.S. stock market rises
7 July 2021
5057
Large-company stocks US stock indices rose in trading on Wednesday, with the S&P 500 and Nasdaq Composite reaching record highs at one point in the session. The Dow Jones Industrial Average index rose 25.00 points (0.07%) to 34602.37 points. T...
Exxon shares could rise 40% from current high, with dividend growth of 5% a year
17 June 2021
6871
Exxon's shares and dividend Exxon shares rose 3.64% on Tuesday to their highest in almost 1.5 years after receiving a "buy" rating and a high target price from Bank of America. This was preceded by a rise in oil prices and long-awaited changes to Ex...
Spirit Airlines and Boeing shares rise on pre-market
15 June 2021
4098
New York Stock Exchange premarket Shares in Boeing (NYSE:BA) are up 0.5% following the US and EU decision to end a 17-year dispute over aircraft subsidies for Boeing and its rival Airbus. Biogen (NASDAQ: BIIB) shares were down 0.3% following a fail...
ExxonMobil will benefit from increased production of cheap oil
12 January 2021
3208
Oil production growth ExxonMobil can reduce its huge debt and boost revenues and profits by ramping up production of cheap oil offshore Stabroek Block in the Guyana-Suriname basin. The production price of Brent crude from one of the fields: $35 a ba...
Exxon Mobil reported a record $20 billion devaluation of its gas assets
2 December 2020
3190
Record impairment Exxon Mobil will write off a historic amount from its asset valuation of $17 billion to $20 billion, retaining more promising assets and reducing "less strategic" assets. The company is moving towards reducing c...
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