Jinjoo Lee

The world’s largest oil major is drilling down on generating more cash per barrel of oil. Exxon Mobil on Friday reported that net income declined 5.1% in the third quarter compared with a year earlier, better than the 8.6% decline analysts polled by Visible Alpha expected. Exxon said its upstream business now generates $10 per oil-equivalent barrel, double the figure from 2019 at constant prices.

The second-largest convenience-store owner in the U.S. wants to buy the largest. Whether or not the deal goes through, there will likely be many convenience-store mergers in the years ahead. The industry is so fragmented in the U.S. that the 10 largest chains still hold less than a fifth of market share.

The regulator's decision puts one type of contract at risk, but won't close the door on nuclear power plants looking to sign agreements with data centers.

Crude oil prices were falling on Wednesday morning even as major oil companies rallied. As industry veteran Dan Pickering, chief investment officer of Pickering Energy Partners, put it: Trump is friendlier to the industry and riskier to the commodity price. Trump has said he wants to see the U.S. increase oil production.

Crude oil prices fell for much of Wednesday morning even as major oil companies rallied. Brent crude recovered midday and was trading close to flat, while a basket of U.S. oil and gas exploration and production companies were up 3.3%. As industry veteran Dan Pickering, chief investment officer of Pickering Energy Partners, put it: Trump is friendlier to the industry and riskier to the commodity price.

Trendy shoe brands such as Hoka, On and Birkenstock are taking a page out of luxury’s playbook.

Trendy shoe brands such as Hoka, On and Birkenstock are taking a page out of luxury's playbook.

The fight is on for Japanese 7-Eleven owner Seven & i : Its founding family, alongside other Japanese investors, have proposed what would be a risky and record-breaking buyout to counter a bid from Canada’s Alimentation Couche-Tard. Late Tuesday, reports emerged that Seven & i’s founding family, alongside existing investors and trading house Itochu are considering a buyout of the company. About a third of that would be financed by cash and equity from the investor group, with the other two-thirds ($38.7 billion) coming from loans by Japan’s three biggest banks, according to the report.

Donald Trump's call to undo Biden-era regulation isn't welcome news for all fossil-fuel producers.

Donald Trump’s call to undo Biden-era regulation isn’t welcome news for all fossil-fuel producers.