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EIA estimates the GDP growth rate to remain flat year over year in 2024 and decline in 2025, which may dampen energy demand. Hence, keep an eye on XOM, CVX, and COP with strong balance sheet. ....
EIA foresees no growth in GDP this year, with a projected downturn in the following year, consequently dampening energy demand. This highlights the need to keep an eye on XOM, CVX and COP. ....
The Federal Reserve officials' cautious stance on inflation has not only delayed potential interest rate cuts but also affected market confidence and cast a pall on the Zacks Oil and Gas - Exploration and Production - United States industry. ....
RGC Resources Inc. (NASDAQ: RGCO) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. ....
Transocean (RIG) delivered earnings and revenue surprises of 76.92% and 1.50%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock? ....