Crude oil is back above $90 and energy stocks in the S&P 500 index are approaching fresh 52-week highs as the group’s year-to-date rally surpasses 40%. Despite energy stocks holding the title as the best-performing sector in the S&P 500 in 2026, options traders seem unconvinced the strength in conventional energy assets will continue. Instead,…
The Pentagon has received a big ownership stake in an obscure private oil company that will control crude reserves larger than ExxonMobil‘s global portfolio if President Donald Trump‘s Venezuela deal is successful. The deal comes eight months after Washington ousted former Venezuelan President Nicolás Maduro in a military raid and co-opted the remaining regime led…
Inflation data, earnings reports and tensions in the Middle East have been influencing the market. In this volatile backdrop, investors seeking income can bolster their portfolios by adding dividend-paying stocks. The recommendations of top Wall Street analysts can help inform investors in their search for attractive stocks from the vast universe of dividend-paying companies. These…
POWER POINT What I’m hearing from energy insiders Greetings from Colorado, where I had the opportunity to do a nearly hour-long chat with the Chair of the Federal Trade Commission. While most of the conversation with Andrew Ferguson was about A.I. and Big Tech, we did venture a little bit into energy vis-à-vis Europe and…
The ExxonMobil and Chevron company logos are displayed on the floor of the New York Stock Exchange during morning trading on July 24, 2026 in New York City. Michael M. Santiago | Getty Images Big Oil enjoyed a blockbuster profit windfall in the second quarter. A key question now is whether the industry will use…
U.S. Sen. Martin Heinrich (D-NM) speaks to reporters after a roundtable on rising energy costs on Capitol Hill on March 17, 2026 in Washington, DC. Anna Moneymaker | Getty Images Sen. Martin Heinrich will introduce a bill, shared exclusively with CNBC, to end tax breaks for U.S. oil and gas companies that operate overseas while…
Traders work on the floor of the New York Stock Exchange during morning trading on July 30, 2026 in New York City. Michael M. Santiago | Getty Images Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. The Dow just notched its fifth straight record close,…
A sign at BP Plc petrol station in London, UK, on Monday, Aug. 4, 2025. Bloomberg | Bloomberg | Getty Images Britain’s BP on Tuesday reported a sharp upswing in second-quarter profit, as energy supermajors reap massive profits from higher fossil fuel prices amid hostilities between the U.S. and Iran. The oil giant posted underlying…
President Donald Trump said Monday that ExxonMobil and Chevron made “too much money” on rising crude oil prices due to the Iran war. “They’re making too much money based on a shortage,” Trump told reporters at the White House. “I don’t like it.” Exxon and Chevron on Friday reported windfall profits for the second quarter….
A sailor observes the oil tanker HELGA, which is moored at one of Iraq’s southern offshore oil terminals near Basra, as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. Mohammed Aty | Reuters The past week’s earnings from the energy…
