ExxonMobil is nowhere close to holding the kind of market power its Standard Oil ancestor enjoyed back in the day, but it certainly is cementing its lead over supermajor peers.On Friday, Exxon reported that first-quarter earnings were down 28% compared with a year earlier, driven by lower natural gas prices and refining margins. Earnings were 6.4% lower than what analysts polled by Visible Alpha.
Open FlipLast year was pretty spectacular for Royal Caribbean Cruises (NYSE: RCL) investors. The popular cruise line operator saw its shares more than double up 162% last year. Hot stocks rarely repeat the feat, and to be fair, Royal Caribbean is only up 6% in 2024 through Thursday's close. Just give it some time to find its sea legs again.
Open FlipCommodities markets have seen rapid growth over recent years, attracting new players and creating new opportunities for a transitioning energy sector in need of investment.It is “a positive development”, according to a new report by strategy and management consultancy McKinsey, which suggests that vibrant markets are good news for value pools, as well as developing transitional technologies.
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