Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
Category: Company Reports
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Amazon Earnings: Return to Profitability But Slow Growth Signaled Ahead
The e-commerce giant, which also turned a profit in its latest quarter, indicated sales in the holiday period might rise at their lowest level since 2001.
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Chip Makers, Once in High Demand, Confront Sudden Challenges
Demand for semiconductors was off the charts last year. But a sharp slowdown coupled with new U.S. restrictions against China have created obstacles.
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McDonald’s Q3 Earnings: Higher Prices Helped Lift US Sales
The fast-food chain is the latest in a number of companies that have managed to increase prices without seeing a drop in demand.
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Shell Reports Earnings of $9.45 Billion, Its Second-Highest Profit
The two European companies reported earnings totaling nearly $20 billion, partly on higher energy prices as Russia’s war in Ukraine continues.
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Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes
The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned Saudi bank.
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Ford Lost Money in the Third Quarter as Costs Surged
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
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Alaska Airlines Gives Boeing a Big Order With an Eye to Expansion
The carrier’s decision signals confidence in the 737 Max and in the demand for air travel.