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The Latest Breaking News from Downstream

Warren Buffett Has Over 10% Of His Portfolio in Two Energy Stocks That Are Also Dividend Aristocrats

Billionaire investor Warren Buffett has been heavily investing in energy stocks in recent years as the companies accelerate innovation of low-carbon technologies.

International Business Times UK

Chart of the Day: Imperial Oil - Oil is Still King

The Chart of the Day belongs to the oil & gas company Imperial Oil (IMO) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used...

Barchart

Aramco JV HAPCO Breaks Ground on New Refinery and Petrochemical Complex

A ground-breaking ceremony took place on Wednesday for a major integrated refinery and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%) is developing the complex in the city of Panjin, in China’s Liaoning…

Asharq Al-Awsat

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Aramco, Shandong Energy Collaborate on Downstream Projects in China

Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil Company said in a statement on Friday. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement,…

Asharq Al-Awsat

Buffett Bought More of These 4 Stocks... Should You Follow His Lead?

Warren Buffett, the head of Berkshire Hathaway, is undoubtedly the most influential investor in history. Buffett’s portfolio has been an investment guide for several investors for decades because of its extraordinary performance record. Recently, Buffett’s Berkshire increased its position in several of its existing holdings. Let’s take a closer look…

StockNews.com

Aramco, Sinopec Sign New MoU

Aramco and China's oil refiner Sinopec signed a Memorandum of Understanding on Wednesday in Riyadh for multiple potential collaborations in Saudi Arabia. The MoU outlines pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and…

Asharq Al-Awsat

3 Worst-Performing Dow Jones Stocks In June

Worries over surging inflation, the Fed’s hawkish tilt, and growing odds of a recession weighed on investor sentiment, pushing the Dow Jones Industrial Average index into bear territory. Amid the risk-off environment, Dow Jones stocks Dow Inc. (DOW), Intel (INTC), and Chevron (CVX) are the worst performers so far this…

StockNews.com

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Why Cenovus Energy Shares Are Trading Higher Today

Cenovus Energy Inc (NYSE:CVE) (TSX:CVE) reported a first-quarter basic EPS of C$0.81 compared to C$0.10 in 1Q21. Q1 total revenues increased to C$16.2 billion from C$13.7 billion in the previous quarter, driven by higher average realized sales prices for the company's products across the Upstream and Downstream businesses. The total operating margin was…

Benzinga

Exxon Mobil vs. Chevron: Which Oil & Gas Stock is a Better Buy?

Oil prices rose again on Tuesday, shrugging off the previous session’s losses. And the ongoing Russia-Ukraine war could keep oil prices elevated in the near term. Energy stocks Exxon Mobil (XOM) and Chevron (CVX) are notable names and should benefit from the industry tailwinds. But which stock is a better…

StockNews.com

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