ugursa/Yahoo-Finance-News-Sentences · Datasets at Hugging Face

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1	enCore will establish a new unit to hold the Alta Mesa project and it will be jointly owned by the two companies.
2	The U.S. dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank will cut interest rates as early as March.
2	The euro was down 0.2% against the dollar at a three-week low of $1.0773, as markets adjust rate expectations lower following soft data and dovish central bank commentary.
2	The single currency also touched a three-month low against the pound, a five-week low versus the yen and a 6-1/2 week low against the Swiss franc .
2	"The story in currency markets is mostly about a softer euro," said Niels Christensen, chief analyst at Nordea.
0	"Yesterday's comments from ECB's Schnabel supported the market view of early rate cuts." Influential policymaker Isabel Schnabel on Tuesday told Reuters that further interest rate hikes could be taken off the table given a "remarkable" fall in inflation.
1	Markets are now placing around an 85% chance that the ECB cuts interest rates at the March meeting, with almost 150 basis points worth of cuts priced by the end of next year.
1	The ECB will set interest rates on Thursday next week and is all but certain to leave them at the current record high of 4%.
1	The Federal Reserve and Bank of England are also likely to hold rates steady next Wednesday and Thursday respectively.
1	Fed officials are now in a blackout period ahead of the Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates in 2024.
1	Traders have priced around a 60% chance of the U.S. central bank cutting rates in March, according to CME's FedWatch tool.
1	They have also priced in at least 125 basis points of cuts next year.
0	Investors have been reassessing the extent of U.S. rate cuts next year in the past few days, helping lift the dollar.
2	"Markets have gone a bit overboard with pricing in very aggressive path of rate cuts through next year," said Aninda Mitra, head of Asia macro and investment strategy at BNY Mellon Investment Management.
2	Mitra said there could be a snapback should the Fed drive home the message more forcefully that it is not about to cut rates anytime soon.
2	"Our view is that Fed might hold off till the second quarter and even then the cuts would be a lot more shallower than what the market would like," Mitra said.
2	The widely expected rate cuts from the Fed will result in the dollar loosening its grip on other G10 currencies next year, dimming the outlook for the greenback, according to Reuters poll of foreign exchange strategists.
0	The dollar index, which measures the currency against six other majors, was up 0.1% at 104.07, having touched a two-week high of 104.10 earlier.
2	The spotlight in Asia was on China, as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook.
0	The offshore Chinese yuan rose 0.1% to $7.1694 per dollar, a day after Moody's cut China's credit outlook to "negative".
1	The spot yuan rate opened at 7.1570 per dollar and was last changing hands at 7.1585.
0	China's major state-owned banks stepped up U.S. dollar selling forcefully after the Moody's statement on Tuesday, and they continued to sell the greenback on Wednesday morning, Reuters reported.
2	Elsewhere in Asia, the Japanese yen was down 0.1% at 147.29 per dollar.
0	The Australian dollar rose 0.3% to $0.6574, while the New Zealand dollar rose 0.4% to $0.6154.
0	In cryptocurrencies, bitcoin eased 0.3% to $43,940 having surged above $44,000 earlier in the session.
0	The world's largest cryptocurrency has gained 150% this year, fuelled in part by optimism that a U.S. regulator will soon approve exchange-traded spot bitcoin funds (ETFs).
2	-- Stocks struggled to gain traction, following a rally driven by bets the Federal Reserve will cut rates next year.
2	Oil sank below $70 a barrel.
2	After climbing in the immediate aftermath of data showing gradual cooling in the labor market, the S&P 500 wavered amid a selloff in energy producers.
2	Oil slumped 4% as concerns the market has excess supplies overshadowed a report showing shrinking US inventories.
2	Treasury 10-year yields dropped to around 4.1%.
0	European shares hit the highest in four months.
0	Read: Wall Street Quants Join Chatbot Boom as AI Gold Rush Intensifies The combined rally in equities and bonds has been supported by evidence that a soft landing will allow the Fed to cut rates in 2024, according to UBS’s Chief Investment Office, which expects a “softish landing” — but says the pace of the recent rally looks unlikely to be sustained.
2	“The upside for the S&P 500 is now relatively limited,” said Solita Marcelli at UBS Global Wealth Management.
0	“As growth slows, we believe investors should consider focusing on high-quality stocks from companies with strong returns on invested capital, resilient operating margins, and relatively low debt on their balance sheets.” Read: Wall Street Gets Self-Inflicted Narrative Whiplash: Surveillance Just a few days ahead of the US jobs report, economic data showed private payrolls increased 103,000 last month, trailing estimates.
0	Friday’s government print is forecast to show employers added 185,000 jobs in November.
2	The unemployment rate is seen holding at the highest level in nearly two years.
2	To Stan Shipley at Evercore, Wednesday’s weaker-than-expected ADP Research Institute tally and other high-frequency metrics suggest “soft” employment growth.
2	“The slowdown in hiring continues and is becoming more obvious,” said Peter Boockvar, author of the Boock Report.
2	“What I’m mostly focused on right now is the trajectory of activity — and all I see is slowing in multiple places, including now the labor market.” While the ADP report isn’t a reliable predictor of the government’s jobs figures, the weaker-than-expected number may set up expectations for Friday’s jobs report to come in “soft”, according to Chris Larkin at E*Trade from Morgan Stanley.
0	“What we don’t know is how much the markets have already priced in a slowing labor market, or how they will react if Friday’s data comes in stronger than anticipated,” he noted.
2	Meantime, the Bank of England stepped up warnings about hedge funds shorting US Treasury futures, saying its measure of the net position is now larger than before the “dash for cash” crisis in March 2020.
0	The net short position has grown to $800 billion from about $650 billion in July, the central bank said, citing calculations based on Commodity Futures Trading Commission data.
0	That suggests a jump in the so-called basis trade, which is where investors seek to exploit price differences between futures and bonds.
0	European stocks climbed as investors speculated that central banks will cut interest rates, with Germany’s DAX Index closing at a fresh record.
2	The country’s factory orders unexpectedly fell in October — highlighting how manufacturing in Europe’s largest economy remains stuck in a rut.
1	Some of the main moves in markets: This story was produced with the assistance of Bloomberg Automation.
1	--With assistance from Greg Ritchie and William Shaw.
2	OSLO (Reuters) - Norway's Fellesforbundet, the country's largest private sector labour union, said on Wednesday it could from Dec. 20 start blocking any transport of Tesla cars meant for the Swedish market.
2	Swedish unions have taken industrial action against Tesla since October in a bid to force the car manufacturer to sign collective bargaining agreements with mechanics.
1	"We consider blocking transportation of Tesla cars through Norway to Sweden unless Tesla reaches an agreement with Sweden's IF Metall union," a spokesperson for the Norwegian union told Reuters.
0	On Tuesday, Denmark's 3F labour union also said it would support the Swedish mechanics by refusing to unload or transport cars made by the U.S. auto company for customers in Sweden.
1	The Norwegian and Danish unions said their actions would only affect cars that are meant for the Swedish market.
1	LONDON (AP) — The Bank of England, which oversees financial stability in the U.K., said Wednesday that it will make an assessment next year about the risks posed by artificial intelligence and machine learning.
1	In its half-yearly Financial Stability Review, the bank said it was getting advice about the potential implications stemming from the adoption of AI and machine learning in the financial services sector, which accounts for around 8% of the British economy and has deep-rooted global connections.
1	The bank's Financial Policy Committee, which identifies and monitors risks, said it and other authorities would seek to ensure that the U.K. financial system is resilient to risks that may arise from widespread use of AI and machine learning.
1	“We obviously have to go into AI with our eyes open," bank Gov. Andrew Bailey said at a press briefing.
0	“It is something that I think we have to embrace, it is very important and has potentially profound implications for economic growth, productivity and how economies are shaped going forward." Over the past year, the potential benefits and threats of the new technologies have grown.
2	Some observers have raised concerns over AI’s as-yet-unknown dangers and have been calling for safeguards to protect people from its existential threats.
0	There is a global race to figure out how to regulate AI as OpenAI’s ChatGPT and other chatbots exploded in popularity, with their ability to create human-like text and images.
1	Leaders in the 27-nation European Union on Wednesday are trying to agree on world-first AI regulations.
1	“The moral of the story is if you’re a firm using AI, you have to understand the tool you are using, that is the critical thing," Bailey said.
1	Admitting that he is “palpably not” an expert on AI, Bailey said the new technologies have “tremendous potential” and are not simply “a bag of risks.”
0	US stock futures rose on Wednesday as investors looked to data on the health of the labor market for clues to the Federal Reserve's next policy move.
0	S&P 500 (^GSPC) futures were 0.2% higher, while Dow Jones Industrial Average (^DJI) futures ticked up 0.1%, or about 45 points.
0	Nasdaq 100 (^NDX) futures moved up 0.2%, after the gauges closed mixed.
0	Tuesday's soft reading on jobs openings bolstered optimism for a Fed pivot to cutting interest rates, and markets are pricing in at least 100 basis points of cuts next year.
2	But doubts about policy remain, with strategists warning those bets look "overdone." Read more: What the Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards Given that, investors will watch for the ADP private-payrolls numbers due later Wednesday, ahead of Friday's important monthly jobs report.
2	They will be looking out for signs of weakness in the labor market that could persuade the Fed to change course.
0	Meanwhile, bitcoin (BTC-USD) briefly surged past $44,000 as more retail investors dived in and embraced hopes for rate cuts and coming spot bitcoin ETFs.
0	The leading digital asset has since given up those gains, coming off notching a six-day win streak, its longest since May, on Tuesday.
1	Investors will get a window into America's largest banks later when the CEOs of JPMorgan Chase (JPM), Goldman Sachs (GS), and Bank of America (BAC), among others, give testimony before the Senate’s banking committee.
1	Click here for in-depth analysis of the latest stock market news and events moving stock prices.
1	Read the latest financial and business news from Yahoo Finance
0	Exxon Mobil will increase annual project spending to between $22 billion and $27 billion through 2027, the company said in an update that largely continues existing spending and production targets.
0	The plan leaves out expected gains from the $60 billion acquisition of Pioneer Natural Resources, which is expected to close next year.
1	Exxon has received two requests for information on the deal from the U.S. Federal Trade Commission.
0	Exxon bought Pioneer in October for nearly $60 billion in a all-stock deal due to close in the first half of 2024, saying it plans to more than tripling production in the U.S. shale to 2 million barrels per day by 2027.
0	Exxon's spending outlook will raise outlays for its energy transition unit, called Low Carbon Solutions, to $20 billion between 2022 and 2027, from $17 billion.
1	But the higher spending will require government support.
0	"We need technology-neutral durable policy support, transparent carbon pricing and accounting, and ultimately, customer commitments to support increased investment," Chief Executive Darren Woods said in a statement.
0	Exxon will increase its share buybacks to $20 billion annually through 2025, from $17.5 billion currently, after the Pioneer merger closes.
0	Shares were up a fraction in pre-market trading on Wednesday after closing down about 2% at $100.44.
0	The company forecasts production of 3.8 million barrels of oil equivalent per day (boepd) in 2024, from 3.7 million bpd this year, as the top U.S. oil producer bets on a lift from the Permian shale basin and Guyana.
0	Spending on new projects will expand to between $23 billion and $25 billion next year, with a range that has a mid-point spending of $24.5 billion annually from 2025 through 2027.
2	The company has said it expected output to be flat until the end of this year, at 3.7 million boepd, due to its withdrawal from Russia.
0	-- India’s first tranche of subsidies as part of a $2.4 billion green hydrogen plan attracted bidders including Sembcorp Industries, JSW Energy Ltd. and AM Green, while other major companies stayed away, according to people familiar with the development.
1	Acme Solar Holdings and Avaada Group also competed to help build a total capacity of 450,000 tons a year of the clean fuel, the people said, asking not to be named before an official announcement.
1	State utility NTPC Ltd., and Adani Enterprises Ltd., which have green hydrogen plans of their own, didn’t take part in the auction.
0	Organizer Solar Energy Corp. of India Ltd. extended the submission deadline by 10 days until Dec. 14, which could attract new bidders.
1	Spokespersons at Sembcorp, Acme, AM Green, Avaada, Adani and NTPC didn’t immediately respond to an emailed request for comment, neither did the renewable energy ministry.
1	JSW Energy declined to comment.
1	India’s flagship plan aims to produce 5 million tons annually of green hydrogen, seen as key to decarbonize hard-to-abate industries such as oil refining, fertilizers, steel and shipping.
2	As local companies still shy away from high upfront costs, India is now focusing on exports looking for deals with European and Southeast Asian economies, while doubling down on subsidies at home.
1	The fresh subsidies cover the first three years of output, offering up to 50 rupees ($0.6) a kilogram for the first year, 40 rupees in the second and 30 rupees a kilogram in the third year, according to bid documents.
0	* Nvidia up on plan to develop new chips compliant with U.S. curbs * Plug Power falls on Morgan Stanley downgrade * Futures up: Dow 0.09%, S&P 0.18%, Nasdaq 0.23% (Updated at 6:58 a.m. ET/ 1158 GMT) Futures tracking U.S. stock indexes inched higher on Wednesday as investors were cautiously optimistic about rate cuts from the Federal Reserve early next year and waited for more labor market data.
2	The S&P 500 and the Dow closed lower in the previous session, but the tech-heavy Nasdaq was propped up by a fall in Treasury yields after data showing softening labor demand bolstered bets that the Fed was done raising rates.
0	Traders have nearly fully priced in the probability that the central bank will hold rates steady next week and expect to see rate cuts being delivered as soon as the first quarter of next year.
2	Bets of a cut of at least 25 basis points in March currently stand at 59%, according to the CME Group's FedWatch tool.
0	At 6:58 a.m. ET, Dow e-minis were up 34 points, or 0.09%, S&P 500 e-minis were up 8.25 points, or 0.18%, and Nasdaq 100 e-minis were up 36.25 points, or 0.23%.

1

enCore will establish a new unit to hold the Alta Mesa project and it will be jointly owned by the two companies.

2

The U.S. dollar touched a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank will cut interest rates as early as March.

2

The euro was down 0.2% against the dollar at a three-week low of $1.0773, as markets adjust rate expectations lower following soft data and dovish central bank commentary.

2

The single currency also touched a three-month low against the pound, a five-week low versus the yen and a 6-1/2 week low against the Swiss franc .

2

"The story in currency markets is mostly about a softer euro," said Niels Christensen, chief analyst at Nordea.

0

"Yesterday's comments from ECB's Schnabel supported the market view of early rate cuts." Influential policymaker Isabel Schnabel on Tuesday told Reuters that further interest rate hikes could be taken off the table given a "remarkable" fall in inflation.

1

Markets are now placing around an 85% chance that the ECB cuts interest rates at the March meeting, with almost 150 basis points worth of cuts priced by the end of next year.

1

The ECB will set interest rates on Thursday next week and is all but certain to leave them at the current record high of 4%.

1

The Federal Reserve and Bank of England are also likely to hold rates steady next Wednesday and Thursday respectively.

1

Fed officials are now in a blackout period ahead of the Dec. 12-13 meeting, where a key focus will be the updated projections of where they see rates in 2024.

1

Traders have priced around a 60% chance of the U.S. central bank cutting rates in March, according to CME's FedWatch tool.

1

They have also priced in at least 125 basis points of cuts next year.

0

Investors have been reassessing the extent of U.S. rate cuts next year in the past few days, helping lift the dollar.

2

"Markets have gone a bit overboard with pricing in very aggressive path of rate cuts through next year," said Aninda Mitra, head of Asia macro and investment strategy at BNY Mellon Investment Management.

2

Mitra said there could be a snapback should the Fed drive home the message more forcefully that it is not about to cut rates anytime soon.

2

"Our view is that Fed might hold off till the second quarter and even then the cuts would be a lot more shallower than what the market would like," Mitra said.

2

The widely expected rate cuts from the Fed will result in the dollar loosening its grip on other G10 currencies next year, dimming the outlook for the greenback, according to Reuters poll of foreign exchange strategists.

0

The dollar index, which measures the currency against six other majors, was up 0.1% at 104.07, having touched a two-week high of 104.10 earlier.

2

The spotlight in Asia was on China, as markets grappled with rating agency Moody's cut to the Asian giant's credit outlook.

0

The offshore Chinese yuan rose 0.1% to $7.1694 per dollar, a day after Moody's cut China's credit outlook to "negative".

1

The spot yuan rate opened at 7.1570 per dollar and was last changing hands at 7.1585.

0

China's major state-owned banks stepped up U.S. dollar selling forcefully after the Moody's statement on Tuesday, and they continued to sell the greenback on Wednesday morning, Reuters reported.

2

Elsewhere in Asia, the Japanese yen was down 0.1% at 147.29 per dollar.

0

The Australian dollar rose 0.3% to $0.6574, while the New Zealand dollar rose 0.4% to $0.6154.

0

In cryptocurrencies, bitcoin eased 0.3% to $43,940 having surged above $44,000 earlier in the session.

0

The world's largest cryptocurrency has gained 150% this year, fuelled in part by optimism that a U.S. regulator will soon approve exchange-traded spot bitcoin funds (ETFs).

2

-- Stocks struggled to gain traction, following a rally driven by bets the Federal Reserve will cut rates next year.

2

Oil sank below $70 a barrel.

2

After climbing in the immediate aftermath of data showing gradual cooling in the labor market, the S&P 500 wavered amid a selloff in energy producers.

2

Oil slumped 4% as concerns the market has excess supplies overshadowed a report showing shrinking US inventories.

2

Treasury 10-year yields dropped to around 4.1%.

0

European shares hit the highest in four months.

0

Read: Wall Street Quants Join Chatbot Boom as AI Gold Rush Intensifies The combined rally in equities and bonds has been supported by evidence that a soft landing will allow the Fed to cut rates in 2024, according to UBS’s Chief Investment Office, which expects a “softish landing” — but says the pace of the recent rally looks unlikely to be sustained.

2

“The upside for the S&P 500 is now relatively limited,” said Solita Marcelli at UBS Global Wealth Management.

0

“As growth slows, we believe investors should consider focusing on high-quality stocks from companies with strong returns on invested capital, resilient operating margins, and relatively low debt on their balance sheets.” Read: Wall Street Gets Self-Inflicted Narrative Whiplash: Surveillance Just a few days ahead of the US jobs report, economic data showed private payrolls increased 103,000 last month, trailing estimates.

0

Friday’s government print is forecast to show employers added 185,000 jobs in November.

2

The unemployment rate is seen holding at the highest level in nearly two years.

2

To Stan Shipley at Evercore, Wednesday’s weaker-than-expected ADP Research Institute tally and other high-frequency metrics suggest “soft” employment growth.

2

“The slowdown in hiring continues and is becoming more obvious,” said Peter Boockvar, author of the Boock Report.

2

“What I’m mostly focused on right now is the trajectory of activity — and all I see is slowing in multiple places, including now the labor market.” While the ADP report isn’t a reliable predictor of the government’s jobs figures, the weaker-than-expected number may set up expectations for Friday’s jobs report to come in “soft”, according to Chris Larkin at E*Trade from Morgan Stanley.

0

“What we don’t know is how much the markets have already priced in a slowing labor market, or how they will react if Friday’s data comes in stronger than anticipated,” he noted.

2

Meantime, the Bank of England stepped up warnings about hedge funds shorting US Treasury futures, saying its measure of the net position is now larger than before the “dash for cash” crisis in March 2020.

0

The net short position has grown to $800 billion from about $650 billion in July, the central bank said, citing calculations based on Commodity Futures Trading Commission data.

0

That suggests a jump in the so-called basis trade, which is where investors seek to exploit price differences between futures and bonds.

0

European stocks climbed as investors speculated that central banks will cut interest rates, with Germany’s DAX Index closing at a fresh record.

2

The country’s factory orders unexpectedly fell in October — highlighting how manufacturing in Europe’s largest economy remains stuck in a rut.

1

Some of the main moves in markets: This story was produced with the assistance of Bloomberg Automation.

1

--With assistance from Greg Ritchie and William Shaw.

2

OSLO (Reuters) - Norway's Fellesforbundet, the country's largest private sector labour union, said on Wednesday it could from Dec. 20 start blocking any transport of Tesla cars meant for the Swedish market.

2

Swedish unions have taken industrial action against Tesla since October in a bid to force the car manufacturer to sign collective bargaining agreements with mechanics.

1

"We consider blocking transportation of Tesla cars through Norway to Sweden unless Tesla reaches an agreement with Sweden's IF Metall union," a spokesperson for the Norwegian union told Reuters.

0

On Tuesday, Denmark's 3F labour union also said it would support the Swedish mechanics by refusing to unload or transport cars made by the U.S. auto company for customers in Sweden.

1

The Norwegian and Danish unions said their actions would only affect cars that are meant for the Swedish market.

1

LONDON (AP) — The Bank of England, which oversees financial stability in the U.K., said Wednesday that it will make an assessment next year about the risks posed by artificial intelligence and machine learning.

1

In its half-yearly Financial Stability Review, the bank said it was getting advice about the potential implications stemming from the adoption of AI and machine learning in the financial services sector, which accounts for around 8% of the British economy and has deep-rooted global connections.

1

The bank's Financial Policy Committee, which identifies and monitors risks, said it and other authorities would seek to ensure that the U.K. financial system is resilient to risks that may arise from widespread use of AI and machine learning.

1

“We obviously have to go into AI with our eyes open," bank Gov. Andrew Bailey said at a press briefing.

0

“It is something that I think we have to embrace, it is very important and has potentially profound implications for economic growth, productivity and how economies are shaped going forward." Over the past year, the potential benefits and threats of the new technologies have grown.

2

Some observers have raised concerns over AI’s as-yet-unknown dangers and have been calling for safeguards to protect people from its existential threats.

0

There is a global race to figure out how to regulate AI as OpenAI’s ChatGPT and other chatbots exploded in popularity, with their ability to create human-like text and images.

1

Leaders in the 27-nation European Union on Wednesday are trying to agree on world-first AI regulations.

1

“The moral of the story is if you’re a firm using AI, you have to understand the tool you are using, that is the critical thing," Bailey said.

1

Admitting that he is “palpably not” an expert on AI, Bailey said the new technologies have “tremendous potential” and are not simply “a bag of risks.”

0

US stock futures rose on Wednesday as investors looked to data on the health of the labor market for clues to the Federal Reserve's next policy move.

0

S&P 500 (^GSPC) futures were 0.2% higher, while Dow Jones Industrial Average (^DJI) futures ticked up 0.1%, or about 45 points.

0

Nasdaq 100 (^NDX) futures moved up 0.2%, after the gauges closed mixed.

0

Tuesday's soft reading on jobs openings bolstered optimism for a Fed pivot to cutting interest rates, and markets are pricing in at least 100 basis points of cuts next year.

2

But doubts about policy remain, with strategists warning those bets look "overdone." Read more: What the Fed rate-hike pause means for bank accounts, CDs, loans, and credit cards Given that, investors will watch for the ADP private-payrolls numbers due later Wednesday, ahead of Friday's important monthly jobs report.

2

They will be looking out for signs of weakness in the labor market that could persuade the Fed to change course.

0

Meanwhile, bitcoin (BTC-USD) briefly surged past $44,000 as more retail investors dived in and embraced hopes for rate cuts and coming spot bitcoin ETFs.

0

The leading digital asset has since given up those gains, coming off notching a six-day win streak, its longest since May, on Tuesday.

1

Investors will get a window into America's largest banks later when the CEOs of JPMorgan Chase (JPM), Goldman Sachs (GS), and Bank of America (BAC), among others, give testimony before the Senate’s banking committee.

1

Click here for in-depth analysis of the latest stock market news and events moving stock prices.

1

Read the latest financial and business news from Yahoo Finance

0

Exxon Mobil will increase annual project spending to between $22 billion and $27 billion through 2027, the company said in an update that largely continues existing spending and production targets.

0

The plan leaves out expected gains from the $60 billion acquisition of Pioneer Natural Resources, which is expected to close next year.

1

Exxon has received two requests for information on the deal from the U.S. Federal Trade Commission.

0

Exxon bought Pioneer in October for nearly $60 billion in a all-stock deal due to close in the first half of 2024, saying it plans to more than tripling production in the U.S. shale to 2 million barrels per day by 2027.

0

Exxon's spending outlook will raise outlays for its energy transition unit, called Low Carbon Solutions, to $20 billion between 2022 and 2027, from $17 billion.

1

But the higher spending will require government support.

0

"We need technology-neutral durable policy support, transparent carbon pricing and accounting, and ultimately, customer commitments to support increased investment," Chief Executive Darren Woods said in a statement.

0

Exxon will increase its share buybacks to $20 billion annually through 2025, from $17.5 billion currently, after the Pioneer merger closes.

0

Shares were up a fraction in pre-market trading on Wednesday after closing down about 2% at $100.44.

0

The company forecasts production of 3.8 million barrels of oil equivalent per day (boepd) in 2024, from 3.7 million bpd this year, as the top U.S. oil producer bets on a lift from the Permian shale basin and Guyana.

0

Spending on new projects will expand to between $23 billion and $25 billion next year, with a range that has a mid-point spending of $24.5 billion annually from 2025 through 2027.

2

The company has said it expected output to be flat until the end of this year, at 3.7 million boepd, due to its withdrawal from Russia.

0

-- India’s first tranche of subsidies as part of a $2.4 billion green hydrogen plan attracted bidders including Sembcorp Industries, JSW Energy Ltd. and AM Green, while other major companies stayed away, according to people familiar with the development.

1

Acme Solar Holdings and Avaada Group also competed to help build a total capacity of 450,000 tons a year of the clean fuel, the people said, asking not to be named before an official announcement.

1

State utility NTPC Ltd., and Adani Enterprises Ltd., which have green hydrogen plans of their own, didn’t take part in the auction.

0

Organizer Solar Energy Corp. of India Ltd. extended the submission deadline by 10 days until Dec. 14, which could attract new bidders.

1

Spokespersons at Sembcorp, Acme, AM Green, Avaada, Adani and NTPC didn’t immediately respond to an emailed request for comment, neither did the renewable energy ministry.

1

JSW Energy declined to comment.

1

India’s flagship plan aims to produce 5 million tons annually of green hydrogen, seen as key to decarbonize hard-to-abate industries such as oil refining, fertilizers, steel and shipping.

2

As local companies still shy away from high upfront costs, India is now focusing on exports looking for deals with European and Southeast Asian economies, while doubling down on subsidies at home.

1

The fresh subsidies cover the first three years of output, offering up to 50 rupees ($0.6) a kilogram for the first year, 40 rupees in the second and 30 rupees a kilogram in the third year, according to bid documents.

0

* Nvidia up on plan to develop new chips compliant with U.S. curbs * Plug Power falls on Morgan Stanley downgrade * Futures up: Dow 0.09%, S&P 0.18%, Nasdaq 0.23% (Updated at 6:58 a.m. ET/ 1158 GMT) Futures tracking U.S. stock indexes inched higher on Wednesday as investors were cautiously optimistic about rate cuts from the Federal Reserve early next year and waited for more labor market data.

2

The S&P 500 and the Dow closed lower in the previous session, but the tech-heavy Nasdaq was propped up by a fall in Treasury yields after data showing softening labor demand bolstered bets that the Fed was done raising rates.

0

Traders have nearly fully priced in the probability that the central bank will hold rates steady next week and expect to see rate cuts being delivered as soon as the first quarter of next year.

2

Bets of a cut of at least 25 basis points in March currently stand at 59%, according to the CME Group's FedWatch tool.

0

At 6:58 a.m. ET, Dow e-minis were up 34 points, or 0.09%, S&P 500 e-minis were up 8.25 points, or 0.18%, and Nasdaq 100 e-minis were up 36.25 points, or 0.23%.