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The stock awards that Elon Musk got for running Tesla lost nearly $10 billion in value last year. Stock declines erased $237 million in compensation for Expedia’s boss and roughly $149 million for Amazon.com Chief Executive Andy Jassy.What's NewsSee MoreWhat's News The stock awards that Elon Musk got for running Tesla lost nearly $10 billion in value last year. Stock declines erased $237 million in compensation for Expedia’s boss and roughly $149 million for Amazon.com Chief Executive Andy Jassy.What's NewsSee…

Not long ago, Warren Buffett seemed like he was mostly done with oil stocks. The renowned investor lost big on an oil-company investment in 2008, and bailed out of another in 2014. He assured his shareholders he had learned his lesson. Then, last year, Mr. Buffett built up a fresh $39 billion bet. Not long ago, Warren Buffett seemed like he was mostly done with oil stocks. The renowned investor lost big on an oil-company investment in 2008, and bailed out of another in 2014. He assured…

WASHINGTON—The Supreme Court said Monday it would reconsider a 1984 precedent some conservatives have argued grants too much power to federal regulators by directing courts to defer to an agency’s legal approach when Congress has left the statutory language ambiguous.  The precedent, Chevron v. Natural Resources Defense Council, initially helped the Reagan administration fend off challenges from environmentalists. In more recent years, conservative legal groups have argued that federal judges should…

Exxon Mobil Corp. and Chevron Corp. collectively posted $18 billion in first-quarter profits, showing resilience even as oil and natural-gas prices declined. The Western world’s largest oil companies rocketed to record earnings last year as energy prices soared following Russia’s invasion of Ukraine. This year, investors fear an economic slowdown could suppress energy prices, while rising supply-chain costs have steadied at high levels. This suggests Exxon and Chevron’s cash gusher peaked last year,…

Technology companies including Google parent Alphabet Inc. and Amazon . com Inc. as well as stalwarts from the food, pharmaceutical and energy sectors, highlight a busy earnings week amid concerns about the U.S. economy. The coming reports will provide clues to investors about how companies fared in the first quarter of 2023 as the recent banking crisis, continuing layoffs in sectors such as technology, and inflation weighed on the economy. Technology companies including Google parent…

HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak.Frackers are hitting fewer big gushers in the Permian Basin, America’s busiest oil patch, the latest sign they have drained their catalog of good wells. Shale companies’ biggest and best wells are producing less oil, according to data reviewed by The Wall Street Journal. The Journal reported last year companies would exhaust their best U.S. inventory in a…

The dueling—and sometimes conflicting—imperatives are expected to be core topics in Houston starting Monday when oil executives, climate hawks and government officials gather at the industry’s premier annual energy summit. For an industry accustomed to extreme cycles of boom and bust, the current environment is less binary and more complex than usual. Even as the biggest companies post record profits, huge questions linger.…

Nobody in the financial, cryptocurrency, or public is unaware of climate change today. No matter what you think about the many claims that have been made about the issue, all business sectors are working to solve it. Due to its high energy consumption, cryptocurrency mining has received a lot of criticism in this area. Switching from proof-of-work to proof-of-stake protocols has helped a little with this problem, but more needs to be done, especially now that the world is facing an energy crisis. Leading the charge are…

Oil companies delivered the market’s best shareholder returns last year, but Wall Street is still wary.    The biggest Western oil companies, Exxon Mobil Corp. XOM 0.69% , Chevron Corp. CVX 0.26% and Shell SHEL 1.16% PLC, together cleared a record of more than $132 billion in annual profit in 2022 and handed investors $78 billion via share buybacks and dividends, about…

Here is what some of the world’s corporate leaders said this week about the economy, inflation and the labor market, among other topics.“A few things are increasingly clear. Just as we saw customers accelerate their digital spend during the pandemic, we are now seeing them optimize that spend. Also, organizations are exercising caution given the macroeconomic uncertainty. And the next major wave of computing is being born as we turn the world’s most advanced AI models into a new computing platform.” (Jan. 24)Tesla Inc.…