Charlie Grant

speaker

422 appearances 10 recordings 1 series first heard Jul 2017 last heard Apr 2024

Charlie Grant’s voice in public audio — every appearance, attributed to the second.

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Energy stalwarts Chevron and ExxonMobil each reported first quarter earnings Friday, and they combined for $13.7 billion in profit.

But that was still down from a year ago, down 16% for Chevron and 28% for Exxon.

Chevron narrowly topped consensus analysts' forecasts, but Exxon fell short.

Both companies enjoyed unprecedented profitability over the past two years.

They rode surging energy prices to record profits and record shareholder payouts.

The two companies, though, are adjusting to a new normal that includes falling natural gas prices.

Exxon fell Friday, while Chevron inched higher.

And for the week, Chevron advanced nearly 4%, while Exxon dipped more than 1%.

And now you know what's news in markets this week.

You can read more about stocks that moved on this week's news in the Wall Street Journal's Exchange section.

I'm Charlie Grant.

Have a great weekend.

Hey, listeners, it's Saturday, March 30th.

I'm Charlie Grant for The Wall Street Journal filling in for Francesca Fontana.

And this is What's News in Markets.

Our look at the biggest stock moves of the week and the news that drove them.

Let's get to it.

This trading week was abbreviated by the Good Friday holiday, but the bull market still charged right along.

The Dow Jones Industrial Average rose once again this week, closing just shy of the 40,000 milestone.

The Nasdaq Composite and S&P 500 were both little changed in the final week of the first quarter.

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