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Chevron ups interest in Namibia license with drill-ready prospect

Coca-Cola vs. PepsiCo: How a $10,000 bet split into a $9,012 gap over 5 years

Over a five-year period starting October 1, 2021, a $10,000 investment in Coca-Cola grew to $18,689, significantly outperforming PepsiCo, where the same investment was worth $9,677, still below the initial amount. This nearly $9,000 gap highlights a surprising divergence in performance between two major consumer staples companies, with PepsiCo experiencing a prolonged slide despite both initially moving in lockstep. The article points out that such a substantial difference in returns is more commonly associated with volatile growth stocks than established blue-chip brands.

Venture Global jumps on ConocoPhillips LNG supply deal

Venture Global's shares climbed 3% after announcing a 20-year liquefied natural gas supply agreement with ConocoPhillips. Under the agreement, ConocoPhillips will purchase 1.0 million tonnes per annum of LNG from Venture Global starting in 2030, significantly expanding Venture Global's customer base and future supply commitments. Venture Global is a major U.S. LNG exporter with over 100 million tonnes per annum of capacity in various stages of development.

Exxon, Suncor Bid to Block Climate Suits at US Supreme Court (1)

Exxon Mobil Corp. and Suncor Energy Inc. are petitioning the US Supreme Court to dismiss a climate change lawsuit filed by the city and county of Boulder, a case that could impact dozens of similar actions across the country. The oil companies argue that climate change is a global issue beyond the scope of state-level litigation and that federal law, specifically the Clean Air Act, should govern such matters. The Justice Department supports the companies' position, while environmental groups and local governments contend that states should be able to protect their citizens from in-state harms under traditional tort doctrines.

EOG Resources (NYSE:EOG) COO Sells $1,270,973.79 in Stock

EOG Resources COO Jeffrey Leitzell sold 9,039 shares of the company's stock for over $1.27 million under a pre-arranged trading plan, reducing his direct stake by 9.05%. Despite the insider sale, EOG Resources recently reported strong quarterly earnings and revenue that exceeded analyst expectations and declared a quarterly dividend of $1.02 per share. The stock has a consensus "Hold" rating from analysts with an average price target of $158.11.