American multinational energy corporation
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Microsoft shares rallied over 25% after strong fiscal Q4 earnings and Azure growth, while Chevron and Constellation power deals and rising capex signal both AI demand and cash flow trade-offs ahead.
The swing was rooted in Chevron’s commodity derivatives, which in the company’s case are financial contracts that get their value from oil shipments.
The Chevron Corp.-led Tengiz oil field, the largest in Kazakhstan, has been accused by regional authorities of storing waste at the site without an appropriate permit.
Trump has accused Exxon and Chevron of “making too much money” amid the Iran war, which has driven up crude oil prices.
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