Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash.
July 20, 2020Search
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Nikola Plummets After Warrant Call Creates Selling Pressure
Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.
July 20, 2020Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump
Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.
July 20, 2020Oil Prices Tumble on Economic News, Cloudy Recovery
Oil prices recently tumbled as a resurgence in coronavirus cases and impending U.S. layoffs darken the economic outlook.
July 17, 2020Ducted Fuel Injection Shows Promise for Diesel
Researchers have developed a promising yet surprisingly simple modification to diesel engines that could hold the key to reducing the complexity, maintenance, and size and weight of emission aftertreatment systems.
July 17, 2020Tesla Keeps China Growth Going With Record Registrations
Tesla Inc. kept growing in China last month, with registrations of its electric vehicles jumping to a record in the world’s largest market as the coronavirus outbreak receded.
July 17, 2020Oil Slips as Looming OPEC Supply Surge Adds to Demand Woes
Oil snapped its two-day rally amid a weaker demand outlook underscored by the OPEC+ alliance’s decision to taper production cuts and U.S. economic data signaling a slowing recovery in the labor market.
July 16, 2020Oil Jumps After Trump Leans Against Further Chinese Sanctions
Oil jumped to a four-month high after President Donald Trump indicated that he doesn’t want to add more sanctions against Chinese officials for now in a move to diffuse tensions with Beijing.
July 15, 2020Texas County Gives Thumbs Up to Tesla Factory Tax Break
The prospect of a Tesla Inc. factory in the Austin, Texas, area has moved a big step closer to reality, after Travis County commissioners on July 14 approved tax breaks the electric vehicle maker requested.
July 15, 2020Tesla Shares Take a Breather After Historic Run
After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause on July 15, even as the broader market rises on the hopes for a coronavirus vaccine.
July 15, 2020