Market movers: Stocks seeing action on Friday - and why

) was lower on news its set to France’s TotalEnergies an extra 6.65-per-cent stake in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements for $312-million .

It says the acquisition of an additional interest in Fort Hills helps build TotalEnergies EP Canada for the future.) pulled back on Friday after it posted a record US$36.5-billion profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset writedowns and a retreat in oil and gas prices.

Industry earnings already have put energy stocks at the top of market returns as companies lift their payouts to shareholders. The latest figures could stir fresh calls for windfall taxes.protested against Chevron’s decision to triple the budget to buy back its own stock Chevron last year paid US$26-billion in dividends and buybacks to shareholders and invested US$15.7-billion. Chevron says it is raising capital expenditure to US$17-billion in 2023, two thirds of it in the United States, where output is up 4%.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market movers: Stocks seeing action on Wednesday - and whyA look at North American equities heading in both directions
Source: globeandmail - 🏆 5. / 92 Read more »

Economists, experts, and market participants await Friday’s Core PCE reportExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Market movers: Stocks seeing action on Thursday - and whyA look at North American equities heading in both directions
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks to crash another 37%, brace for 'full-fledged bear market' - Chris VermeulenChris Vermeulen, Founder and CIO of The Technical Traders, joins David Lin, Anchor and Producer at Kitco News, to break down the latest rally, where we are i...
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

U.S. stocks trading well off lows as tech gloom wanes - BNN BloombergWall Street is shaking off most of the losses driven by a dire sales warning from Microsoft Corp., with stock traders now shifting their focus to Tesla Inc.’s earnings report after the market close.
Source: BNNBloomberg - 🏆 83. / 50 Read more »