Last week the Big Oil companies weighed in with their earnings reports, and it was mostly a pretty sorry assembly.
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Oil giants Chevron and BP made moves to refine their business, drilling down on core segments that crude demand assures will be worth it.
On Monday, BP announced it will put its US onshore wind power business, estimated to be worth about $2 billion, on the market.
ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.