U.S. President Donald Trump said on Wednesday that Exxon Mobil and Chevron were among companies being probed as a part of a surge in gas prices.
In a 6-3 decision, the court said a legal defense called foreign sovereign immunity, which generally prohibits US lawsuits against foreign governments and their agents, is not available in cases like the Exxon's against CIMEX under the Helms-Burton Act.
The U.S. Supreme Court made it easier on Tuesday for U.S. companies to seek compensation from Cuba's government for property seized decades ago by former leader Fidel Castro's government, ruling in favor of ExxonMobil in its lawsuit against Cuban state-owned firm Corporación CIMEX.
Geopolitical instability, particularly the unresolved Iranian situation, is driving higher and more volatile oil and gas prices for the foreseeable future. Comstock Resources (CRK), Antero Resources (AR), Exxon Mobil (XOM), Crescent Energy, Vaalco Energy (EGY), and Meren Energy (MRNFF) are highlighted as strong buy or long-term opportunities. XOM's Guyana expansion could contribute up to 10% of...
Insider buying signals strong confidence, particularly in dividend-paying stocks, as executives invest their own money believing shares are undervalued, despite market highs.
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