Venezuela has taken a dramatic step away from two decades of socialist orthodoxy, approving legislation that opens its oil industry to privatization and foreign control, in a move that could reshape the country’s economy and reinsert it into global energy markets. The National Assembly voted on Thursday to overhaul the nation’s energy law, dismantling rules
Exxon Mobil Corporation is scheduled to release its financial results for the fourth quarter of 2025 before the market opens on January 30. Market expectations, as reflected by the Zacks Consensus Estimate, place the company’s earnings at $1.68 per share for the quarter. The figure represents a slight year-over-year improvement of 0.6% from the earnings
Oil giant Chevron Corporation, the only US company currently producing oil in Venezuela, is set to report its fourth-quarter earnings before the market opens on Friday. Its operations in Venezuela are expected to be a key point of discussion, offering one of the first glimpses into the opportunity within the country for the sector. With
Exxon Mobil Corp achieved fourth-quarter 2025 earnings that narrowly surpassed Wall Street expectations, largely fueled by robust results in its refining segment and all-time high output from significant growth assets. Despite this strong quarter, the energy behemoth’s overall profit for the full year decreased compared to 2024, primarily due to the adverse effects of depressed
As if the volatility in commodity markets this week was not enough, gold, silver, and copper experienced free falls on Friday as investors rushed to book profits after prices had hit record highs earlier this week. Gold prices slumped more than 5%, and fell below $5,000 briefly, while silver’s decline was more brutal as the
Exxon Mobil Corp achieved fourth-quarter 2025 earnings that narrowly surpassed Wall Street expectations, largely fueled by robust results in its refining segment and all-time high output from significant growth assets. Despite this strong quarter, the energy behemoth’s overall profit for the full year decreased compared to 2024, primarily due to the adverse effects of depressed
Toyota Motor retained its position as the world’s top-selling automaker in 2025, reporting record vehicle sales despite ongoing disruption from US tariffs and intensifying global competition. The Japanese carmaker said on Thursday that sales of Toyota and its Lexus luxury brand rose 3.7% from a year earlier to 10.5 million vehicles. That comfortably exceeded deliveries
Oil prices extended their gains on Thursday on the back of simmering geopolitical tensions and concerns about the loss of supply. Concerns about a possible US military strike on Iran, OPEC’s fourth-largest producer with an output of 3.2 million barrels per day, caused Brent oil futures prices to surge on Thursday, reaching a four-month high
Metaplanet is preparing to raise as much as 21 billion yen, or about $137 million, through a combination of new shares and stock warrants placed with selected investors. The Tokyo-based firm will raise funds through a combination of new shares and stock warrants placed with selected investors. The move is designed to support further bitcoin
When they address analysts on Friday, executives from Exxon Mobil and Chevron will likely face a host of questions about Venezuela. This change in emphasis comes after the US apprehended and overthrew Venezuelan President Nicolas Maduro earlier this month, a significant geopolitical event that made it possible, though challenging, for large US oil companies to