Halliburton (HAL) reported mixed second-quarter results before the bell Wednesday as weaker-than-expected results in its completion and drilling segment were a drag. Total revenue rose 14% year over year to $5.8 billion, however, came up a bit short versus analyst expectations of $5.86 billion, according to Refinitiv. Earnings per share (EPS) of 77 cents (excluding
Environment
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT A Tata Motors concept EV on show at the India Auto Expo 2023 on Jan. 12, 2023. Anindito Mukherjee | Bloomberg | Getty Images The Tata Group will develop a major facility for the production of electric car batteries in the U.K., with the Indian
Fervo Energy’s full-scale commercial pilot, Project Red, in northern Nevada. Photo courtesy Fervo Energy Geothermal startup Fervo Energy announced a key technical milestone on Tuesday, paving the way for geothermal energy to play a bigger role in the transition to clean energy. Fervo drills deep wells and pumps water into them. The water grows hot
In this article COLD MCD WMT TSN NES.N-CH Follow your favorite stocksCREATE FREE ACCOUNT Americans love frozen food. Virtually all American households purchase frozen food at least once a year, but without resilient cold storage supply chain infrastructure, the growth and safety of the massive $265 billion global frozen food market may be put at
An oil refinery, operated by Bharat Petroleum Corp., in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s ability to import more Russian oil may have hit a limit, analysts tell CNBC, citing infrastructural and political constraints, as well as limitations to Russian oil flows. “India will look to continue Russian crude imports, but
New York City Mayor Eric Adams arrives for a press conference on gun violence at the Office of Chief Medical Examiner on June 26, 2023 in New York City. Michael M. Santiago | Getty Images New York City mayor Eric Adams has reportedly pledged to correct his annual financial disclosure form filed with the Conflicts
Two weeks into the second half of the year, we put together a quick look at the top three performers and the bottom three in Jim Cramer’s Charitable Trust, the stock portfolio we use for the Investing Club. The first full trading week of July saw Wall Street under some pressure Friday after a multisession
View of Russian oil port Novorossiysk. Алексей Облов | Moment | Getty Images Spot prices of Russia’s crude oil this week surpassed the $60-per-barrel threshold of the Group of Seven’s oil price cap scheme, as Moscow and Riyadh tighten supplies. The G7 introduced its oil price cap mechanism on Dec. 5 to retain Russian flows
In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Chesnot | Getty Images Ripple’s XRP token went up 68% in the last 24 hours, leading a wider rally of major-cap altcoins, as crypto traders digest a key ruling that could stifle U.S. regulator
Shortly after the opening bell, we’ll be selling 200 shares of Halliburton (HAL), at roughly $37.57 apiece. Following the trade, Jim Cramer’s Charitable Trust will own 1,600 shares of HAL, decreasing its weighting in the portfolio to 2.11%, from 2.37%. Our three energy positions — oilfield services giant Halliburton as well as oil and natural
Two large oil tankers unload at the 300,000-ton crude oil terminal in Yantai Port, Shandong Province, China, July 9, 2023. Future Publishing | Future Publishing | Getty Images The International Energy Agency on Thursday cut its global oil demand growth forecast for the first time this year, primarily citing a worsening economic outlook that weighs
Workers photographed at a lithium mine in Chile on August 24, 2022. Lithium is integral to the batteries that power electric vehicles. John Moore | Getty Images News | Getty Images Demand for the critical minerals key to a future centered around low and zero-emission technologies is surging, according to the International Energy Agency, with
Taihuttu family in Phuket, Thailand Didi Taihuttu LAGOS, PORTUGAL — In the small coastal town of Lagos in the heart of Portugal’s southern Algarve region, Didi Taihuttu begins most days on the rooftop of his villa — an unassuming home with rustic charm set atop a hill that slopes up from the Atlantic Ocean. The
In this article AKH.H-V Follow your favorite stocksCREATE FREE ACCOUNT An oil pipeline stretches across the landscape outside Prudhoe Bay in North Slope Borough, Alaska, May 25, 2019. The Washington Post | The Washington Post | Getty Images Alaska can be a rugged and unforgiving place, and that’s not just its landscape. Its economy is
In this article FOXF FOXA Follow your favorite stocksCREATE FREE ACCOUNT Europe was gripped by punishing heat waves in the summer of 2022, with wildfires, droughts and deaths highlighting what many around the world already know: Weather extremes can have devastating, real-world consequences. When it comes to temperatures in warmer months, the direction of
Global commodities have seen a more than 20% slump compared to the same period last year, as reflected by the S&P GSCI Commodities index. Jung Getty | Moment | Getty Images Prices of commodities like crude oil and iron ore have been sliding this year, underlining a continuing economic rout across the globe and possible
A plane flying over Northamptonshire, England. For many, turbulence is an uncomfortable part of air travel. Joe Giddens – Pa Images | Pa Images | Getty Images Turbulence during a flight can be an uncomfortable experience for many, ranging from mild bumpiness to more serious instances of damaged airplanes and injured passengers. With millions of
Germany entered a technical recession on May 25, and economists have predicted that GDP growth is set to stagnate for the rest of the year, painting a gloomy picture for Europe’s largest economy. Anadolu Agency | Anadolu Agency | Getty Images With Germany already in a technical recession, economists predict that GDP growth is set
Haitham al-Ghais, secretary-general of the Organization of Petroleum Exporting Countries (OPEC), speaking at the Energy Asia Summit on June 26, 2023. Bloomberg | Bloomberg | Getty Images The secretary-general of the Organization of Petroleum Exporting Country signaled that the influential producers’ alliance is actively open to recruiting new members. Asked if he is trying to
In this article TTE-FR Follow your favorite stocksCREATE FREE ACCOUNT The chief executive of TotalEnergies defended the firm’s greenhouse gas emissions strategy, saying the company remains committed to oil and gas despite repeated warnings that increasing fossil fuel production will only make matters worse. Speaking to CNBC’s Dan Murphy in Vienna, Austria on the sidelines
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