The US Supreme Court ruled 6-3 that Cuban state-owned companies like CIMEX cannot claim foreign sovereign immunity in lawsuits under the Helms-Burton Act. This decision favors Exxon Mobil, which is suing Cuba for confiscated oil assets seized by Fidel Castro's government in 1959, now valued at over $1 billion. The ruling removes a key legal barrier and sends the case back to lower courts for further proceedings. It marks a significant shift amid heightened US-Cuba tensions and could open the door for more claims against Cuba's government.
Amid volatile crude oil prices, three energy companies—Enterprise Products Partners, Exxon Mobil, and Chevron—stand out for their reliable dividends backed by strong cash flows and long payout histories. Enterprise Products boasts 27 years of distrib...
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the VanEck Oil Services ETF (OIH) offer exposure to different parts of the oil sector. XOP invests in oil producers betting on crude prices, while OIH focuses on service companies that ben...
Despite higher crude prices, major US oil producers are maintaining capital discipline and only marginally increasing output, while smaller private firms are adding rigs. The US Energy Information Administration forecasts record oil production in 202...
VictoryShares recently rebalanced three of its free cash flow (FCF) ETFs—VFLO, GFLW, and IFLO—shifting their portfolio focuses. VFLO increased holdings in energy giants like Exxon Mobil and Devon Energy while exiting tech and industrial stocks like D...
The Energy Select Sector SPDR Fund (XLE) has experienced significant volatility recently, closely tracking Brent crude oil prices amid geopolitical tensions around the Strait of Hormuz. While XLE is up 21% year-to-date, its performance heavily depend...
