Environment

The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England. Matt Cardy | Getty Images News | Getty Images LONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates. The British energy giant logged underlying replacement cost profit, used as a

FTX founder Sam Bankman-Fried leaves US Federal Court in New York City on March 30, 2023. Kyle Mazza | Anadolu Agency | Getty Images FTX founder Sam Bankman-Fried resumed his testimony on Monday, and used his time on the stand to blame his former close friends and colleagues for the downfall of his crypto empire.

World Trade Organization Director-General Ngozi Okonjo-Iweala opens the 2021 WTO Public Forum with a round table on Covid and trade, in Geneva, on September 28, 2021. (Photo by Fabrice COFFRINI / AFP) (Photo by FABRICE COFFRINI/AFP via Getty Images) Fabrice Coffrini | Afp | Getty Images The World Trade Organization’s director-general warned that the ongoing

Siemens Energy shares plunge as the company seeks support from the German government. Wolfgang Rattay | Reuters Shares of Siemens Energy tumbled by more than 30% on Thursday afternoon, after the company sought guarantees from the German government. The wind power giant made headlines earlier this year, when it scrapped its profit forecast, citing a

In this article CVX XOM Follow your favorite stocksCREATE FREE ACCOUNT Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Energy heavyweights Chevron and Exxon Mobil announced shiny new acquisitions this month — and some industry watchers say it could be the start of more multibillion megadeals to come. Chevron on Monday said

Volvo’s EX90 electric vehicle photographed in Sweden on Nov.9, 2022. Mikael Sjoberg | Bloomberg | Getty Images The CEO of Volvo Cars is bullish about the long-term potential of electric motors, but appears more cautious on solid-state batteries — technology that’s generated much hype around its potential to transform the performance of EVs. Speaking to

Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023.  Amanda Perobelli | Reuters FTX founder Sam Bankman-Fried told jurors in his criminal trial on Friday that he didn’t commit fraud at his

Elevated bond yields and geopolitical uncertainty continued to be negative for stocks this week as the overall market moved into oversold territory. However, that set us up to put cash to work and make four small buys as our discipline mandates. We also upgraded one of our tech giants after it reported a stellar quarter

A worker cutting steel pipes near a coal-powered power station in China on Nov. 12, 2021. Greg Baker | AFP | Getty Images China changed the world’s energy system — and is set to do so again as a peak in demand for fossil fuels nears, according to the International Energy Agency’s Executive Director. Fatih

We’re buying 200 shares of Coterra Energy (CTRA) at roughly $28 each. Following Thursday’s trade, Jim Cramer’s Charitable Trust will own 1950 shares of CTRA, increasing its weighting to about 2% from 1.83%. The S & P Oscillator moved deeper into oversold territory after Wednesday’s 1.4% selloff in the S & P 500 . With

Lawyers for Sam Bankman-Fried late Wednesday revealed details of his planned testimony if he takes the witness stand at his FTX fraud trial. Bankman-Fried’s legal team told Judge Lewis Kaplan in a six-page letter that he would address three key areas in such testimony, including suggesting that he relied on FTX’s former legal team in

An employee handles a pump at a hydrogen refueling point at a Royal Dutch Shell Plc gas station in Berlin, Germany, on Wednesday, Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images Shell will cut 200 positions within its low-carbon solutions unit in 2024, a spokesperson confirmed to CNBC on Wednesday. The company’s low-carbon

U.S. President Joe Biden’s administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic’s backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets. Her comments come ahead of a widely expected ground offensive by Israel into Gaza,

In this article HAL Follow your favorite stocksCREATE FREE ACCOUNT Traders work beneath a monitor displaying Halliburton Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 2, 2016. Michael Nagle | Bloomberg | Getty Images CNBC’s Jim Cramer says don’t turn bearish on Halliburton (HAL)

Wind turbines and a lignite-fired power plant photographed in in Germany. Jan Woitas | Picture Alliance | Getty Images Demand for oil, coal and natural gas is set to peak before the end of this decade, with fossil fuels’ share in the world’s energy supply dropping to 73% by the year 2030 after being “stuck

In this article PCG’A PCG Follow your favorite stocksCREATE FREE ACCOUNT As deadly wildfires have destroyed communities from California to Maui, the nation’s largest utility, Pacific Gas and Electric, is making headway on its ambitious goal to move 10,000 miles of power lines in fire-prone areas underground, which would greatly reduce ignition risk. “We’re coming

This image, from June 2023, shows blades for the Haliade-X turbine in New Bedford, MA. David L. Ryan | Boston Globe | Getty Images A project to develop a facility described as the United States’ “first commercial-scale offshore wind project” continues to move forward after its first turbine was installed in waters off Martha’s Vineyard.

In this article SEDG Follow your favorite stocksCREATE FREE ACCOUNT Solar panels at the ENGIE Sun Valley Solar project in Hill County, Texas, on March 1, 2023.  Mark Felix | AFP | Getty Images Solar stocks tumbled on Friday after solar product manufacturer SolarEdge warned that demand in Europe has significantly weakened, furthering battering sentiment

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. PAUL ELLIS | AFP | Getty Images As the biggest players in wind energy gear up to report quarterly earnings, supply-chain reliability issues are front and center for both stock analysts and industry leaders. Siemens Energy

Exxon Mobil ‘s (XOM) planned deal to buy Pioneer Natural Resources (PXD) has sparked talk of more consolidation in the oil-and-gas industry. While we don’t own companies as mergers-and-acquisition plays, the potential for more tie-ups could have significant implications for our remaining oil name: Coterra Energy (CTRA). It’s unclear which shoe will drop next now