-
Fossil Fuel Profits Roar Back, Producing 10% of S&P 500 Earnings
Oil and gas companies’ contribution to the S&P 500 Index’s earnings has nearly doubled from a year ago as high commodity prices and spending discipline spur record profits while sectors like technology face recessionary headwinds. Energy now represents more than 10% of the S&P 500’s estimated net income, up from 6.5% at the same time last year, according to data compiled by Bloomberg. Still, energy makes up only 5.3% of the index’s market capitalization even after a dramatic run-up in oil producers’ stock prices last year. Analysts expect energy companies’ earnings to stay strong. Even though oil and gas ... (full story)
- Comments
- Subscribe
-
- Older Stories
From apnews.com|Jan 25, 2023The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as Europe’s largest economy manages its energy divorce from Russia and ...
From oilprice.com|Jan 25, 2023Europe’s benchmark gas prices extended losses early on Wednesday, falling by 3% in early trading in Amsterdam for a 25% decline so far this month, as inventories are high and ...
From think.ing.com|Jan 25, 2023A 25bp rate hike from the Bank of Canada with a pause declared given expectations of a stalling economy and sharply lower inflation. While suggesting they could hike further if ...
-
- Newer Stories
From oilprice.com|Jan 25, 2023As Uzbekistan freezes amid rampant power shortages in its coldest winter for half a century, there is a million-dollar question on the lips of its shivering citizens. Is the ...
From fxempire.com|Jan 25, 2023video Natural gas fell to a new trend low on Wednesday and is fast approaching its next potential support zone. As of the day’s 3.05 low, it was down as much as 59.8% off the ...
From youtube.com/cmegroup|Jan 25, 2023WTI futures edge higher after today’s EIA report prints a less-than-expected rise in U.S. inventories. Larry Shover has more.
- Story Stats
- Posted: Jan 25, 2023 4:22pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 166
