Last week the Big Oil companies weighed in with their earnings reports, and it was mostly a pretty sorry assembly.
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Oil giants Chevron and BP made moves to refine their business, drilling down on core segments that crude demand assures will be worth it.
On Monday, BP announced it will put its US onshore wind power business, estimated to be worth about $2 billion, on the market.
ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.
Novo Nordisk on Wednesday announced an expanded deal with healthtech firm Valo Health to use AI to fuel drug discovery.
A spill of new data Wednesday sent oil futures slipping and sliding in opposite directions. So is Big Oil’s tank is half-full or half-empty?
On Tuesday, the overall yield on the US 10-Year Treasury Bond touched its highest intraday point, 4.699%, since last spring.