• Oilprice.com

    Exxon’s Big Bet On Algae Biofuels Is Crumbling

    ExxonMobil has made significant investments in algae biofuels research, but in the current oil price environment, this type simple isn’t able to compete

  • Why Clean Energy Fuels Stock Just Popped 38%
    Motley Fool

    Why Clean Energy Fuels Stock Just Popped 38%

    Shares of renewable, compressed, and liquefied natural gas supplier Clean Energy Fuels (NASDAQ: CLNE) are surging in early afternoon trading Wednesday, up a cool 38% at the 12:30 p.m. EDT mark. The surge in stock price follows a joint announcement from Clean Energy and oil major Chevron (NYSE: CVX) yesterday afternoon saying that the two companies will partner on a project to supply renewable natural gas (RNG) automotive fuel to truck operators servicing the ports of Los Angeles and Long Beach, California. The Clean Energy and Chevron initiative is dubbed Adopt-a-Port, and the two companies will have very different roles in it.

  • Business Wire

    Advisory: Chevron Corporation’s 2Q 2020 Earnings Conference Call and Webcast

    Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, July 31, 2020 at 11:00 a.m. ET (8:00 a.m. PT).

  • ConocoPhillips Announces Quarterly Dividend of 42 Cents Per Share
    Business Wire

    ConocoPhillips Announces Quarterly Dividend of 42 Cents Per Share

    ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 42 cents per share, payable Sept. 1, 2020, to stockholders of record at the close of business on July 20, 2020.

  • Clean Energy Fuels Partners With Chevron on Southern California Port Trucks Program
    Motley Fool

    Clean Energy Fuels Partners With Chevron on Southern California Port Trucks Program

    Energy giant Chevron (NYSE: CVX) and natural-gas fueling station operator Clean Energy Fuels (NASDAQ: CLNE) have announced a new initiative to supply truck operators serving the California ports of Los Angeles and Long Beach with renewable natural gas (RNG).

  • Supreme Court Birth Control Case Will Be Back
    Bloomberg

    Supreme Court Birth Control Case Will Be Back

    (Bloomberg Opinion) -- The Little Sisters of the Poor, an order of Catholic nuns, have been fighting the contraceptive mandate of the Affordable Care Act since 2013. Today the Supreme Court gave them a victory — but not the final victory they sought, namely that they’re automatically entitled to an exemption from the ACA under the Religious Freedom Restoration Act. Nonetheless, this ruling — along with other key decisions this term — demonstrates that the conservative majority of the court has definitively entered the era of religious exemptions.If the idea of the Little Sisters before the Supreme Court rings a bell, congratulations on the acuity of your memory. After President Barack Obama signed the ACA, his Department of Health and Human Services gave an exemption to the contraceptive mandate to certain religious organizations like the Little Sisters, while still ensuring contraceptive care would reach their employees.The way the exemptions worked was essentially that an organization seeking not to pay for its employees’ contraceptive care would submit a certificate to HHS explaining that it was a nonprofit religious organization with conscientious objection to contraception. The religious entity would then provide a copy of the certificate to its health insurer — which would then itself pay for the contraceptive care, not charging the religious employer.The Little Sisters objected that even this process violated their religious liberty under RFRA. The case went all the way to the Supreme Court, where the untimely death of Justice Antonin Scalia in February 2016 robbed them of what would almost certainly have been a win. Instead, in May of 2016, the justices (who presumably were deadlocked 4-4) tried ham-fistedly to order the Obama administration and the Little Sisters to work out a solution. Neither side was prepared to compromise in a way that would satisfy the other.The election of President Donald Trump led to staff changes at HHS, and in 2017 the department set new rules favorable to the Little Sisters. Under these rules, religious organizations like the Little Sisters are treated like houses of worship, with the effect that their health care providers don’t have to pay for contraceptive care for their employees at all.This time the primary legal challenge came from two states, New Jersey and Pennsylvania, which argued that the new rules fell outside the scope of the department’s authority under the ACA and had not been adopted using the appropriate procedures. For their part, the Little Sisters asked the lower courts and the Supreme Court to hold that RFRA required the more aggressive exemption system.In today’s decision, Justice Clarence Thomas and the court’s other four conservatives held that HHS had not gone beyond its authority in creating its new form of exemption for the Little Sisters. But the majority opinion did not decide whether RFRA requires the exemptions — the issue that had brought the Little Sisters to the court in 2016. That means the case will go back to the lower courts, where New Jersey and Pennsylvania could force the issue, asking the lower court to rule that the HHS rules are unlawful for a different reason, namely that they are not required by RFRA as the Trump administration insisted.In a separate concurrence, Justice Samuel Alito, who practically owns the law of religious exemptions by virtue of the number of opinions he has written in the area, laid out his view that RFRA would be violated without the Trump exemption for Little Sisters. He was joined by Justice Neil Gorsuch, who is the most activist conservative on the court today, and apparently had no interest in the majority’s more cautious approach.Justice Ruth Bader Ginsburg wrote a dissent arguing the opposite position: that the Trump exemption is not mandated by RFRA, essentially because it benefits “religious adherents at the expense of third parties,” namely the employees who would lose contraceptive care in contradiction to the core mission of the ACA. Justice Sonia Sotomayor joined Ginsburg’s dissent.Justice Elena Kagan, joined by Justice Stephen Breyer, took a compromise middle ground. Kagan said the case should have been sent back to the lower courts under the so-called Chevron doctrine, which says that when a law directed at an executive branch agency is ambiguous, the courts should defer to the agency’s reasonable interpretation of the law. Then Kagan added that, similar to Ginsburg, she thought the lower courts should hold that the Trump exemption was not required by RFRA.The upshot is that the conservatives did not give the Little Sisters everything they wanted. And no matter what happens in the November election, the issue will probably come back to the Supreme Court again.If Trump is reelected, the liberal states will presumably assert that the Trump exemption is not required by RFRA and is therefore unlawful. Then the swing vote, Chief Justice John Roberts, will have to decide the issue.If Joe Biden is elected, there will be major pressure on him to revoke the Trump exemption. Then the Little Sisters would challenge that revocation and argue that RFRA demands they be treated like a church. Given that the Obama administration could not reach a compromise, it seems unlikely that a Biden administration would.Regardless, religious exemptions will continue to be a bone of contention between religious conservatives and liberals. So far, the Roberts court has been consistently on the side of exemptions — a trend confirmed in this second round of the Little Sisters case, and likely in a third round to come.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Feldman is a Bloomberg Opinion columnist and host of the podcast “Deep Background.” He is a professor of law at Harvard University and was a clerk to U.S. Supreme Court Justice David Souter. His books include “The Three Lives of James Madison: Genius, Partisan, President.” For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Chevron (CVX) Could Beat Earnings Estimates Again
    Zacks

    Why Chevron (CVX) Could Beat Earnings Estimates Again

    Chevron (CVX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • 5 Battered Stocks to Keep on Radar Amid Coronavirus Sell-Off
    Zacks

    5 Battered Stocks to Keep on Radar Amid Coronavirus Sell-Off

    Here we discuss five stocks, which have lost significant worth so far this year but show great potential to bounce back.

  • Garmin® expands solar charging technology to popular adventure smartwatches
    Business Wire

    Garmin® expands solar charging technology to popular adventure smartwatches

    Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today announced the expansion of its solar charging technology to its Instinct, fēnix 6 and 6S, and tactix Delta adventure smartwatches. Building on the success of Garmin’s first solar charging adventure watch, the fēnix 6X - Pro Solar, these new solar editions allow customers to "Do What They Love Longer" through significantly increased battery life and new purpose-built functionality including surf, mountain biking and climbing activities.1

  • Best Buy (BBY) Strong on E-commerce & Strategic Efforts
    Zacks

    Best Buy (BBY) Strong on E-commerce & Strategic Efforts

    Best Buy's (BBY) digital capabilities, including curbside pickup service, have been contributing to its performance. Its Building the New Blue initiative also bodes well.

  • Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2020 Conference Call and Webcast
    Business Wire

    Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2020 Conference Call and Webcast

    In conjunction with Helmerich & Payne, Inc.’s (NYSE: HP) fiscal third quarter 2020 earnings release, you are invited to listen to its conference call on Wednesday, July 29, 2020, at 12:00 p.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Director of Investor Relations. Investors may listen to the conference call either by phone or audio webcast.

  • Why ONEOK Stock Plummeted 56% in the First Half of 2020
    Motley Fool

    Why ONEOK Stock Plummeted 56% in the First Half of 2020

    Several factors weighed on the pipeline stock, including the impact of crashing crude prices on its balance sheet and worries about its ability to maintain its dividend. Lower oil prices are having a significant impact on ONEOK. As a result, lower volumes will flow through ONEOK's pipelines and processing plants this year.

  • The Zacks Analyst Blog Highlights: Chevron, Devon Energy, Dine Brands Global, Ahold and Conagra Brands
    Zacks

    The Zacks Analyst Blog Highlights: Chevron, Devon Energy, Dine Brands Global, Ahold and Conagra Brands

    The Zacks Analyst Blog Highlights: Chevron, Devon Energy, Dine Brands Global, Ahold and Conagra Brands

  • Reuters

    US STOCKS-Wall St headed lower after five-day run on fears over virus surge

    Wall Street's main indexes looked set to open lower on Tuesday following the benchmark S&P 500's longest streak of gains this year as investors weighed the risks to the economy from tens of thousands of new coronavirus cases nationwide. Energy stocks including Occidental Petroleum Corp and Concho Resources dropped about 2% on worries over fuel demand. It looks like it will be a slight retracement of Monday and Thursday's impressive gains, said Ryan Giannotto, director of research at GraniteShares ETFs in New York.

  • This You?  Five Practical Steps for Matching Your Diversity Walk to Your Diversity Talk
    CorpGov.com

    This You?  Five Practical Steps for Matching Your Diversity Walk to Your Diversity Talk

    Sarah Fortt, Counsel at Vinson & Elkins LLP By Sarah E. Fortt Facebook, Inc. recently posted “Black lives matter.  We stand with the Black community” to its own Facebook page.  Starbucks Corporation is “committed to taking action, learning, and supporting our Black partners, customers and communities.”  Chevron Corporation has published statements from its leaders on […]

  • Barrons.com

    Caterpillar Gets an Upgrade, but Another Construction Stock Has Far More Upside

    Investors seemingly have left construction machinery stocks for dead. But there is still some opportunity in construction, according to Wall Street.

  • BofA Upgrades Caterpillar, Herc Holdings On Improving Construction Signals
    Benzinga

    BofA Upgrades Caterpillar, Herc Holdings On Improving Construction Signals

    A proprietary survey of 71 construction equipment dealers from around the world indicates better trends than feared, which is consistent with the recent improvement in economic data, according to BofA Securities.The Construction Equipment Upgrades: BofA's Ross Gilardi upgraded industry bellwether Caterpillar Inc. (NYSE: CAT) from Underperform to Neutral and raised the price target from $95 to $135.The analyst also upgraded the rating for small cap equipment rental company Herc Holdings Inc (NYSE: HRI) from Neutral to Buy and raised the price target from $24 to $38.The Construction Equipment Thesis: Although concerns persist around the path of economic recovery, most of the major economic releases have recently been positive, Gilardi said in the Wednesday upgrade note. (See his track record here.)Early indications on earnings, like the recent results from FedEx Corporation (NYSE: FDX), and the prices of metals like copper and iron ore, have surprised to the upside, the analyst said.The BofA construction equipment dealer survey conducted in June suggests "steady long term sentiment, an improvement in order patterns, somewhat balanced inventory levels, and a softening in pricing," he said. Construction equipment orders have risen from April's trough, and most dealers did not have elevated inventory levels, Gilardi said. The upgrades follow the severe underperformance of Caterpillar and Herc Holdings stocks year-to-date versus industry leader United Rentals, Inc. (NYSE: URI), the analyst said. CAT, HRI Price Action: Caterpillar stock was up 0.24% at $127.50 at the time of publication Wednesday, while Herc Holdings was up 0.31% at $29.05. Related Links:Benzinga's Top Upgrades, Downgrades For July 8, 2020Travel, Retail Shares Coming Under Pressure Again As Virus Cases Spike In Parts Of U.S.Latest Ratings for CAT DateFirmActionFromTo Jul 2020B of A SecuritiesUpgradesUnderperformNeutral Jul 2020Deutsche BankUpgradesHoldBuy Jun 2020CitigroupMaintainsBuy View More Analyst Ratings for CAT View the Latest Analyst RatingsSee more from Benzinga * Needham Turns Bullish On Ambarella, Says It's Undergone 6-Year Transformation * Amazon Shares Pass ,000 And The Stock Has More Room To Run * 6 Reasons Why Goldman Sachs Is Bearish On Intel(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    Dow climbs 125 points on gains for Apple Inc., Microsoft stocks

    DOW UPDATE The Dow Jones Industrial Average is climbing Wednesday morning with shares of Apple Inc. and Microsoft leading the way for the blue-chip average. The Dow (DJIA) is trading 126 points higher (0.

  • Benzinga

    Benzinga's Top Upgrades, Downgrades For July 8, 2020

    Upgrades * Credit Suisse changed the rating for Micro Focus International PLC (NYSE: MFGP) from Underperform to Neutral. The stock has a 52-week-high of $26.41 and a 52-week-low of $3.42. Micro Focus Intl's stock last closed at $4.47 per share. * RBC Capital upgraded the stock for Rio Tinto PLC (NYSE: RIO) from Underperform to Sector Perform. The stock has a 52-week-high of $61.75 and a 52-week-low of $35.35. Rio Tinto's stock last closed at $56.89 per share. * B of A Securities changed the rating for Caterpillar Inc (NYSE: CAT) from Underperform to Neutral. For the first quarter, Caterpillar had an EPS of $1.60, compared to year-ago quarter EPS of $2.94. The stock has a 52-week-high of $150.55 and a 52-week-low of $87.50. Caterpillar's stock last closed at $127.23 per share. * For Herc Holdings Inc (NYSE: HRI), B of A Securities upgraded the stock from Neutral to Buy. Herc Holdings earned $0.04 in the first quarter, compared to ($0.23) in the year-ago quarter. The stock has a 52-week-high of $50.81 and a 52-week-low of $11.81. Herc Holdings's stock last closed at $28.95 per share. * For Kohl's Corp (NYSE: KSS), B of A Securities upgraded the stock from Neutral to Buy. Kohl's earned ($3.20) in the first quarter, compared to $0.61 in the year-ago quarter. The stock has a 52-week-high of $59.28 and a 52-week-low of $10.89. Kohl's's stock last closed at $20.30 per share. * Raymond James upgraded the stock for Maximus Inc (NYSE: MMS) from Market Perform to Strong Buy. In the second quarter, Maximus showed an EPS of $0.82, compared to $0.96 from the year-ago quarter. The stock has a 52-week-high of $82.02 and a 52-week-low of $46.42. Maximus's stock last closed at $70.99 per share. Downgrades * Citigroup changed the rating for American Express Co (NYSE: AXP) from Buy to Neutral. In the first quarter, American Express showed an EPS of $1.98, compared to $2.01 from the year-ago quarter. The stock has a 52-week-high of $138.13 and a 52-week-low of $67.00. American Express's stock last closed at $93.01 per share. * Morgan Stanley downgraded the stock for HollyFrontier Corp (NYSE: HFC) from Equal-Weight to Underweight. For the first quarter, HollyFrontier had an EPS of $0.53, compared to year-ago quarter EPS of $0.54. The stock has a 52-week-high of $58.88 and a 52-week-low of $18.48. HollyFrontier's stock last closed at $27.12 per share. * For Novavax Inc (NASDAQ: NVAX), Ladenburg Thalmann downgraded the stock from Buy to Neutral. Novavax earned ($0.58) in the first quarter, compared to ($0.11) in the year-ago quarter. The stock has a 52-week-high of $111.77 and a 52-week-low of $3.54. Novavax's stock last closed at $104.56 per share. * SVB Leerink changed the rating for Radius Health Inc (NASDAQ: RDUS) from Outperform to Market Perform. For the first quarter, Radius Health had an EPS of ($0.59), compared to year-ago quarter EPS of ($0.70). The stock has a 52-week-high of $29.97 and a 52-week-low of $10.32. Radius Health's stock last closed at $14.06 per share. * Raymond James downgraded the stock for Booz Allen Hamilton Holding Corp (NYSE: BAH) from Outperform to Market Perform. Booz Allen Hamilton earned $0.73 in the fourth quarter, compared to $0.64 in the year-ago quarter. The stock has a 52-week-high of $82.22 and a 52-week-low of $54.37. Booz Allen Hamilton's stock last closed at $75.40 per share. * For CACI International Inc (NYSE: CACI), Raymond James downgraded the stock from Outperform to Market Perform. In the third quarter, CACI International showed an EPS of $3.16, compared to $2.69 from the year-ago quarter. The stock has a 52-week-high of $288.59 and a 52-week-low of $156.15. CACI International's stock last closed at $204.96 per share. * For Helmerich & Payne Inc (NYSE: HP), Morgan Stanley downgraded the stock from Overweight to Equal-Weight. In the second quarter, Helmerich & Payne showed an EPS of ($0.01), compared to $0.56 from the year-ago quarter. The stock has a 52-week-high of $53.05 and a 52-week-low of $12.40. Helmerich & Payne's stock last closed at $18.29 per share. * Morgan Stanley downgraded the stock for Nabors Industries Ltd (NYSE: NBR) from Equal-Weight to Underweight. Nabors Industries earned ($19.86) in the first quarter, compared to ($0.36) in the year-ago quarter. The stock has a 52-week-high of $87.00 and a 52-week-low of $0.20. Nabors Industries's stock last closed at $36.10 per share. * JP Morgan downgraded the stock for Nokia Oyj (NYSE: NOK) from Overweight to Neutral. For the first quarter, Nokia had an EPS of $0.01, compared to year-ago quarter EPS of ($0.02). The stock has a 52-week-high of $5.77 and a 52-week-low of $2.34. Nokia's stock last closed at $4.31 per share. * Bernstein changed the rating for Spirit AeroSystems Holdings Inc (NYSE: SPR) from Outperform to Market Perform. In the first quarter, Spirit AeroSystems Hldgs showed an EPS of ($0.79), compared to $1.68 from the year-ago quarter. The stock has a 52-week-high of $92.81 and a 52-week-low of $13.69. Spirit AeroSystems Hldgs's stock last closed at $22.37 per share. * B. Riley FBR changed the rating for Vista Outdoor Inc (NYSE: VSTO) from Buy to Neutral. Vista Outdoor earned $0.11 in the fourth quarter, compared to $0.01 in the year-ago quarter. The stock has a 52-week-high of $16.11 and a 52-week-low of $4.29. Vista Outdoor's stock last closed at $15.23 per share. Initiations * With a rating of Buy, Maxim Group initiated coverage on DiaMedica Therapeutics Inc (NASDAQ: DMAC). The price target is set at $14.00 for DiaMedica Therapeutics. DiaMedica Therapeutics earned ($0.19) in the first quarter, compared to ($0.27) in the year-ago quarter. The stock has a 52-week-high of $8.80 and a 52-week-low of $1.70. DiaMedica Therapeutics's stock last closed at $6.75 per share. * Craig-Hallum initiated coverage on Turning Point Brands Inc (NYSE: TPB) with a Buy rating. The price target for Turning Point Brands is set at $40.00. In the first quarter, Turning Point Brands showed an EPS of $0.51, compared to $0.43 from the year-ago quarter. The stock has a 52-week-high of $57.06 and a 52-week-low of $14.09. Turning Point Brands's stock last closed at $24.39 per share. * Seaport Global initiated coverage on Bank of America Corp (NYSE: BAC) with a Neutral rating. Bank of America earned $0.40 in the first quarter, compared to $0.70 in the year-ago quarter. The stock has a 52-week-high of $35.72 and a 52-week-low of $17.95. Bank of America's stock last closed at $23.03 per share. * With a rating of Buy, Seaport Global initiated coverage on Citigroup Inc (NYSE: C). The price target is set at $65.00 for Citigroup. In the first quarter, Citigroup showed an EPS of $1.06, compared to $1.87 from the year-ago quarter. The stock has a 52-week-high of $83.11 and a 52-week-low of $32.00. Citigroup's stock last closed at $50.32 per share. * Seaport Global initiated coverage on Goldman Sachs Group Inc (NYSE: GS) with a Buy rating. The price target for Goldman Sachs Group is set at $261.00. For the first quarter, Goldman Sachs Group had an EPS of $3.11, compared to year-ago quarter EPS of $5.71. The stock has a 52-week-high of $250.46 and a 52-week-low of $130.85. Goldman Sachs Group's stock last closed at $199.33 per share. * With a rating of Buy, Seaport Global initiated coverage on JPMorgan Chase & Co (NYSE: JPM). The price target is set at $119.00 for JPMorgan Chase. For the first quarter, JPMorgan Chase had an EPS of $2.89, compared to year-ago quarter EPS of $2.65. The stock has a 52-week-high of $141.10 and a 52-week-low of $76.91. JPMorgan Chase's stock last closed at $92.31 per share. * Seaport Global initiated coverage on Morgan Stanley (NYSE: MS) with a Buy rating. The price target for Morgan Stanley is set at $61.00. For the first quarter, Morgan Stanley had an EPS of $0.99, compared to year-ago quarter EPS of $1.33. The stock has a 52-week-high of $57.57 and a 52-week-low of $27.20. Morgan Stanley's stock last closed at $47.48 per share. * With a rating of Buy, Seaport Global initiated coverage on State Street Corporation (NYSE: STT). The price target is set at $83.00 for State Street. For the first quarter, State Street had an EPS of $1.67, compared to year-ago quarter EPS of $1.24. The stock has a 52-week-high of $85.89 and a 52-week-low of $42.10. State Street's stock last closed at $63.13 per share. * For Wells Fargo & Co (NYSE: WFC), Seaport Global initiated coverage, by setting the current rating at Neutral. Wells Fargo earned $0.80 in the first quarter, compared to $1.20 in the year-ago quarter. The stock has a 52-week-high of $54.75 and a 52-week-low of $22.00. Wells Fargo's stock last closed at $24.47 per share. * Citigroup initiated coverage on The AZEK Co Inc (NYSE: AZEK) with a Neutral rating. The price target for AZEK Co is set at $33.00.See more from Benzinga * 7 Financial Services Stocks Moving In Wednesday's Pre-Market Session * 12 Consumer Cyclical Stocks Moving In Wednesday's Pre-Market Session * 20 Healthcare Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.