"Gambling on the weather has become an institution throughout a great part of the United States." This sentiment from the Fort Worth Star-Telegram in 1915 highlights the long-standing tradition of weather betting in American culture.
Costco operates roughly 550 gas stations across the U.S., giving members plenty of opportunities to take advantage. Gas isn't a small line item for the retailer, either. Costco reports that fuel accounts for about 10 percent of total net sales, a steady revenue stream that helps the company keep prices lower.
"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."
In the US and UK, there is urgent climate action which has put pressure on oil and gas companies to adopt a new narrative. Energy security is a global theme that has started to be incorporated in Asia, but most campaigns in the region continue to focus on brand loyalty and Asian values of family and community.
Warning to the invading American ruling establishment and its affiliated spy companies. You ignored our repeated warnings about the necessity of halting terrorist operations, and today, in terrorist attacks carried out by you and your Israeli allies, a number of Iranian citizens were martyred.
Citi's upgrade reflects a broader geopolitical reality reshaping global energy markets. The Iran war is accelerating the flight of European and Asian buyers toward secure, long-term U.S. LNG supply contracts.
The Board believes Texas legislators, judges, and juries who might make decisions that impact Exxon Mobil are generally more familiar with our business and operations. A new Texas law makes it harder for shareholders to sue companies by requiring a minimum stock ownership to file lawsuits, providing legal protection that serves as the real draw for redomiciliation.
The symbiotic relationship between Diamondback and Viper is highlighted during times like these where Diamondback continues to focus its development on wells where Viper owns high royalty interests. That structural advantage doesn't erode with oil prices.
Nobody expects today's high prices to last and we could very likely get back to the low $60 [per barrel] environment we faced just a few weeks ago. Experts say the unique geology of California's fields, and the nature of its heavy crude, make new projects, and efforts to pump more oil out of existing ones, costlier and more energy-intensive than drilling in other parts of the country.
TD Cowen cut its earnings estimates to reflect inflationary pressure from higher prices of oil-based inputs and potentially higher costs for tallow, which are up 40% versus a year ago on the Chicago Mercantile Exchange.
U.S. financial markets experienced a volatile week, largely influenced by geopolitical developments in the Middle East and fluctuations in energy prices. Investor sentiment was driven primarily by external events rather than domestic fundamentals.
Valero will idle its Benicia refinery beginning in 2026 while continuing to supply Northern California with gasoline through imports and existing inventories, according to Gov. Gavin Newsom's office. In a statement released on Jan. 6, Newsom said Valero's revised approach marked a shift from an earlier announcement that included the possibility of a full closure and exit from the Northern California market as early as this year.
U.S. stocks are rising at the open led by technology and energy stocks. The S&P 500 rose 0.6% early Monday and the Nasdaq composite added 0.7%. The Dow gained 330 points, or 0.7%. The price of U.S. crude oil gained 1% after U.S. forces captured Venezuelan President Nicolás Maduro in a weekend raid. Shares of Chevron and ConocoPhillips jumped after President Donald Trump floated a plan for U.S. oil companies to help rebuild Venezuela's oil industry.
In a Saturday press conference addressing America's military intervention, Trump said, "We're going to have our very large United States oil companies-the biggest anywhere in the world-go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure." While the president did not name any specific companies, based on premarket trading this morning, investors seem to think that the following oil and energy giants stand to benefit from the intervention:
U.S. shale producer Devon Energy will acquire Coterra Energy for nearly $26 billion in a combination that creates a domestic oil and gas juggernaut trailing only household names Exxon Mobil, Chevron, and ConocoPhillips in sheer production volumes, the companies announced Feb. 2. After a couple of years of rapid consolidation in the energy sector, dealmaking slowed down dramatically last year as oil prices fell when OPEC ramped up its output and the Trump administration implemented a series of tariffs worldwide.
Chevron delivered record worldwide production of 4,045 MBOED in 2025, up 12% year-over-year, giving it more barrels to sell into a recovering price environment. Operating cash flow hit $33.9 billion for the full year, covering the $12.8 billion dividend payout by roughly 2.7 times, a cushion that makes a dividend cut look unlikely even in a moderate oil price downturn.
The company's record production jumped 12% year-over-year, driven by the Hess acquisition, which added 261 thousand barrels of oil equivalent per day. CEO Mike Wirth called it a "significant achievement...integrated Hess, started-up major projects, delivered record production." Chevron's integrated model spans upstream production, refining, chemicals, and emerging energy ventures, including lithium and hydrogen projects. The company returned $12.1 billion in share buybacks for the year and raised its dividend 4% to $1.78 per share.
