Sector: Energy & Utilities

In the week that ended on November 8, WTI crude oil prices rose 1.9% and closed at $57.24 per barrel. However, oversupply concerns limited the upside.

PG&E reported a net loss of $1.6 billion during Q3, mainly driven by $2.5 billion pretax charges for claims related to the 2017 and 2018 wildfires.

Chevron's (CVX) and ExxonMobil's (XOM) stocks have reacted differently to the companies' earnings releases on November 1.

In today’s Get Real, we saw Apple Watch's performance and another loss for Boeing. Plus, Google's Fitbit acquisition faces scrutiny from the EU.

Refining stocks like Marathon Petroleum (MPC), Valero Energy (VLO), and The Phillips 66 Company (PSX) have risen sharply in the fourth quarter.

Saudi Aramco released its IPO prospectus. It might be valued at $1.5 trillion, according to bankers. However, Saudi Arabia hoped for a higher valuation.

Recession fears have been hovering over the market throughout this year. However, defensives such as utilities are trading at record highs.

On November 6, Chesapeake Energy (CHK) stock fell 29.2% and closed at $0.90, below $1 for the first time since 1999. Could it fall further?

This quarter, ExxonMobil (XOM) stock has risen 3.4%, while Chevron (CVX) has risen 2.7%. Let's look at both stocks in further detail.

Analysts reacted positively to Valero Energy's earnings. Raymond James raised its target price on the stock to $106 with an “outperform” rating.