Michael Wirth, CEO of Chevron.Adam Jeffery | CNBCChevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020.The second-largest U.S. oil producer posted total earnings of $3.24 billion for the three months ended Dec....
An office building designed by Frank O. Gehry at the Novartis AG headquarters campus in Basel, Switzerland.Bloomberg | Getty ImagesSwiss pharmaceutical giant Novartis on Friday reported better-than-expected sales in the fourth quarter, but falling short of its own guidance over the full-year stretch.Fourth-quarter net sales rose 16% on a...
Photo illustration showing the Samsung Group company logo displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesSamsung Electronics on Friday reported that its operating profit dropped sharply from the previous three months as it ramps up R&D spending, while flagging a slowdown in its chips business.The South...
Apple defied the doom and gloom that had been building for weeks. Shares rose roughly 3% Thursday evening after the tech giant reported a slightly better-than-expected quarter. More importantly, guidance for revenue growth in the March quarter was much better feared. Revenue in Apple's fiscal 2025 first quarter, which...