Energy Stocks Oneok and Chesapeake Energy Are Down. Execs Bought Up Shares.

Text size Energy firms Oneok and Chesapeake Energy saw large insider share purchases. Dreamstime.com Two energy firms caught up in a recent price slump saw large insider share purchases. President Joe Biden’s pledge to increase natural gas exports to Europe has not benefited every name in that sector. In fact, a fire at a liquefied-natural-gas … Read more

Revlon Stock Soars on Report of Potential Acquisition Out of Bankruptcy

Text size Revlon filed for bankruptcy earlier this week. Getty Images Revlon stock soared more than 53% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.India) is considering buying the cosmetics maker after it filed for bankruptcy. The news was reported by Business channel ET Nowwhich cited unidentified sources. Revlon (ticker: … Read more

America’s richest oilman, Harold Hamm, wants to take his company Continental Resources private

Continental Resources Inc. shares jumped nearly 15% Tuesday after shale pioneer and billionaire Harold Hamm offered to take private the shale oil and gas company he founded for about $ 4 billion. Continental CLR, + 14.11% earlier Tuesday said that Hamm and family offered to take the company private for $ 70 a share, a … Read more

Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.

Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell / Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in … Read more

Oil prices drop ahead of OPEC + meeting on report Saudis will make up for any lost Russian supply

Oil prices fell on Thursday ahead of an OPEC + meeting, after a report surfaced that Saudi Arabia was prepared to pump more oil to compensate for any Russian output loss. Price action West Texas Intermediate crude for July delivery CL.1, -2.33% CLN22, -2.33% fell $ 2.20, or 1.9%, to $ 113.07 a barrel. Oil … Read more

Warren Buffett Is Buying Stock Again. What It Means for the Stock Market.

Text size Berkshire Hathaway CEO Warren Buffett has recently made big bets on Chevron and Occidental Petroleum, along with other stocks. Drew Angerer / Getty Images Warren Buffett sat out much of the post-Covid-19 selloff to the detriment of Berkshire Hathaway shareholders. But in the first quarter of 2022 — with stocks once again falling … Read more