Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil ( XOM ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen. We gleaned this information...

Phillips 66 shares are trading higher after it reported second-quarter FY24 results. Revenue of $38.911 billion exceeded the consensus of $35.426 billion. Adjusted EPS of $2.31 topped the consensus of $1.98. Midstream segment adjusted pre-tax income stood at $753 million, versus $613 million in the first quarter of FY24. The Chemicals segment adjusted pre-tax income stood at $222 million versus $205 million in the prior quarter. The Refining segment adjusted pre-tax income stood at $302 million versus $313 million in the prior quarter,...

NEW YORK, July 30 (Reuters) - JPMorgan Chase ( JPM ) on Tuesday tapped veteran bankers Alfredo Porretti and Darren Novak to co-head its global shareholder engagement and M&A capital markets group at a time corporations are increasingly looking for help to defend against activist investors pushing for changes. Porretti and Novak, who joined JPMorgan ( JPM ) in 2021...

11:29 AM EDT, 07/30/2024 (MT Newswires) -- Procter & Gamble's ( PG ) earnings rose year over year during the fiscal fourth quarter while revenue fell as pricing and volume gains were offset by foreign-currency headwinds. Adjusted earnings rose to $1.40 per share for the June quarter from last year's $1.37, which was the consensus compiled by Capital IQ for...