Category: Production

Lucid Said It Will Raise Up to $1.5 Billion in Capital

The New York Times – Business:
The electric carmaker made the announcement on the same day it reported losing $670 million in the third quarter.
US Extends Enforcement of Sanctions on Russian Oil Deliveries to January

The New York Times – Business:
No decision has been made on the price of the oil cap, which will take effect in five weeks.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
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.
Saudis Find Sympathetic U.S. Ears at ‘Davos in the Desert’

The New York Times – Business:
A Saudi decision to support a cut in oil output infuriated Washington. But at an investment conference in Riyadh, there was plenty of praise for the kingdom.
Exxon and Chevron Rack Up Giant Profits

The New York Times – Business:
A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
Ford Lost Money in the Third Quarter as Costs Surged

The New York Times – Business:
The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.
Tesla Cuts Prices in China in Sign of Slowing Demand

The New York Times – Business:
Shares of the company slumped as investors worried about increasing competition.