IYE

Exxon leads industry fight against UN talks seeking cap on plastic production

Energy Exxon leads industry fight against UN talks seeking cap on plastic production. UN talks on a potential plastics treaty could end plastic pollution within two decades. Environmental groups want plastic production to be reduced by 75% from 2019 levels by 2040. Countries like Saudi Arabia and China argue production caps would lead to higher prices for consumers.

Weekly Report: what happened at IYE last week (0415-0419)?

FENY vs. IYE: Which Is the Better Energy ETF? 

Chevron Pours $500M To Fund Renewable Energy Future: Report

Chevron Corporation’s venture capital arm reportedly launched its third fund to invest in renewable energy technologies with a $500 million commitment. The Future Energy Fund III will focus on innovations in industrial decarbonization and the circular carbon economy. The move reflects the company's aim to diversify its business amid pressure to reduce emissions.

Exxon Taps TechnipFMC For Subsea Gear In Guyana's $12.7B Whiptail Project

Exxon Mobil Corporation awarded a large contract to TechnipFMC for its Guyana’s Stabroek Block. The company will supply subsea production systems for the Whiptail project. Last week, Exxon and Hess Corporation made a final investment decision for the Guyana project.

Weekly Report: what happened at IYE last week (0408-0412)?

Black Gold Bonanza: Analyst Bets On Chevron, Citing Price Outlook

Scotiabank analyst Paul Y. Cheng upgraded Chevron Corporation to Sector Outperform from Sector Perform and increased the price target to $195. The analyst says Chevron has the highest oil torque among the integrated super majors. Also optimistic Chevron will prevail in the arbitration against Exxon Mobil and CNOOC in Guyana.

Chevron Exits Myanmar's Yadana Gas Field: Report

Chevron Corporation reportedly has left the Yadana natural gas field in Myanmar. The company condemned violence and human rights abuses there and announced it would leave in 2022. Chevron has redistributed its 41.1% stake in the gas field to the remaining shareholders. Myanmar has been in crisis since the army overthrew the elected government in 2021.