DUBAI—Saudi Aramco posted a record quarterly profit on Sunday, as the world’s most valuable company benefits from surging oil prices following Russia’s invasion of Ukraine.
Saudi Arabian Oil Co., commonly…
Earlier this year,
Apple Inc.
AAPL -2.69%
looked like it was on its way to becoming the first $3 trillion company. Today, it’s no longer the most valuable company in…
Companies including
Chevron Corp.
,
Quest Diagnostics Inc.
and Ernst & Young LLP are pushing to narrow proposed cybersecurity rules from the Securities and Exchange Commission…
Activist hedge fund Third Point LLC told clients it has increased its stake in
Shell
SHEL -3.24%
PLC and is still pushing the oil giant to restructure, six months…
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers are standing pat, or even letting production decline, and instead are handing investors cash.Much of the U.S. shale…
BP
BP 0.49%
PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings, including its stake in government-controlled oil…
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward investors while keeping production roughly flat.
Exxon
XOM -1.02%…
DUBAI—State oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to the Middle East’s largest economy as it seeks to use its hefty profits for investment opportunities domestically and abroad.The…