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Tag: Energy

  • Sam Altman Defends A.I. Energy Use With Human Comparison, Sparking Debate

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    Sam Altman challenged critics of A.I.’s water and electricity consumption. Photo by John MacDougall/AFP via Getty Images

    Sam Altman is pushing back on mounting criticism over the environmental toll of A.I. The OpenAI chief has dismissed claims about A.I.’s water consumption as “fake” and drawn comparisons between the electricity required to power A.I. systems and the energy it takes to develop human intelligence.

    Figures suggesting that tools like ChatGPT consume multiple gallons of water per query are “totally insane” and have “no connection to reality,” Altman said in a Feb. 20 interview with The Indian Express on the sidelines of the AI Impact Summit in New Delhi. Last year, Altman claimed that ChatGPT uses 0.000085 gallons of water per query—roughly one-fifteenth of a teaspoon—though he did not explain how he calculated that figure.

    A.I.’s water footprint largely stems from the need for evaporative cooling systems used to keep data center hardware from overheating. But Altman argued that companies like OpenAI are no longer directly managing such cooling processes. Many A.I. developers, he noted, are shifting toward cooling systems that recirculate liquid rather than continually drawing fresh supplies. Meanwhile, tech giants like Microsoft, Meta, Google and Amazon have pledged to replenish more water than they withdraw by 2030.

    Even so, data centers continue to drink up water at a rapid pace. Total A.I.-related water consumption for cooling reached 23.7 cubic kilometers in 2025, a 38 percent increase over 2020, and is expected to more than triple over the next 25 years, according to a January report from Xylem. Despite the industry’s pivot to alternative methods, the report found that 56 percent of data center capacity still relies on some form of evaporative cooling.

    Altman was more measured when it came to electricity usage. “What is fair, though, is the energy consumption,” he said. “We need to move towards nuclear, wind, and solar very quickly.”

    Last April, the International Energy Agency reported that data centers accounted for roughly 1.5 percent of global electricity consumption in 2024. Their power use is rising at a rate more than four times faster than overall electricity demand and is expected to more than double by 2030.

    In response, major tech companies are pursuing data center agreements tied to alternative energy sources, including nuclear power, to ease pressure on grids. Altman, who previously led Y Combinator, has personally invested in nuclear ventures such as Oklo, which is developing small-scale nuclear plants, and Helion, which aims to commercialize nuclear fusion.

    The OpenAI CEO also argued that critics overlook the energy required to develop human intelligence. “People talk about how much energy it takes to train an A.I. model relative to how much it costs a human to do one inference query,” he said. “But it also takes a lot of energy to train a human—it takes, like, 20 years of life and all the food you eat during that time before you get started.”

    A more appropriate comparison, he suggested, would measure the energy used by a fully trained A.I. model to answer a question against that used by a human doing the same task. “Probably A.I. has already caught up on an energy efficiency basis measured that way.”

    The remarks quickly sparked debate online over whether such comparisons are appropriate. “He’s saying a really big spreadsheet and a baby are morally equivalent,” wrote Matt Stoller, research director of the American Economic Liberties Project, in a post on X. Sridhar Vembu, founder and chief scientist of software firm Zoho Corporation, also took issue with the OpenAI chief’s statements. A.I. should “quietly recede into the background” instead of dominating our lives, said the billionaire on X. “I do not want to see a world where we equate a piece of technology to a human being.”

    Sam Altman Defends A.I. Energy Use With Human Comparison, Sparking Debate

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    Alexandra Tremayne-Pengelly

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  • Colorado mountains’ reduced snowpack — a sign of things to come or temporary? (Letters)

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    Reduced snowpack — a sign of things to come, or a temporary problem?

    Re: “Endangered snowpack,” Denver Post three-part series on climate and ski industry, Feb. 15-17

    The Post seems to be heavily focused on climate change and any weather that supports its philosophy. Over the last few days, there were a number of articles on Colorado’s recent warm/low snow weather and climate change.

    However, this partial analysis doesn’t provide a full picture, including:

    1) For at least the last five years, there have been typical snows and temperatures here.

    2) It ignores the record cold/snow in the eastern United States this year that killed more than 100 people.

    3) Huge lakes froze over this year (such as Erie and Champlain) that rarely freeze. It begs the question — is weather variability being confused with climate change by The Post?

    In examining the complex climate, a complete analysis is needed to provide a comprehensive view– not cherry-picking events that meet a predetermined agenda. I wonder if The Post has a significant “confirmation bias” on this issue, where anything that doesn’t agree gets buried and things that confirm it get endlessly pushed.

    William Turner, Denver

    With the “Endangered Snowpack” article, there’s a color timeline graph of the number of days that individual Colorado ski resorts were open in 2025, plus dismal projections for 2050 and 2090, based upon the assertion that the “damage already done by anthropogenic climate change to the U.S. ski industry is evident”. That may be the case, but such climate change, reputedly caused by greenhouse gas emissions, could not have occurred overnight.

    In other words, why are there no graphs for 2015, 2000, 1995, etc.? (If the number of ski days in past decades is not easily obtainable, then the recorded snowfall would probably have made a better metric for this analysis.) Regardless, any valid attempt to predict future snowfall is meaningless if it fails to include statistics on snowfall from previous years.

    John Contino, Golden

    Don’t let politicians get involved in water compact negotiations

    Re: “States fail to meet another deadline for water deal,” Feb. 17 news story

    The Post has been carrying a series on the current drought-caused water shortages and their impact on the ski resorts. These stories are of “above the fold, front-page importance.”  Tucked away in the upper corner of Page 2 on Tuesday is an article about states missing the deadline for an agreement on distribution of the shrinking water flows in the Colorado River and the threat of the Bureau of Reclamation stepping in and setting the distribution. Extended litigation is forecast.

    The dispute between the states boils down to the split between the Upper Basin states and the Lower Basin states, and whether the Upper Basin states should reduce their allotments during low-flow years, which they oppose.

    The Colorado ski industry uses a tremendous amount of Colorado River water to make snow. The Front Range cities divert tremendous amounts of Colorado River water for urban domestic use. Both have purchased sufficient senior water rights to sustain current standards, but these are Colorado state water rights, which could have dubious value in the negotiations over the interstate distribution of available river flows.

    In the current political climate, Colorado, being a so-called “blue state,” may have trouble retaining these rights. The president is throwing out all kinds of threats of retaliation for perceived slights, and he controls the Bureau of Reclamation. In particular, Denver, a “sanctuary city,” could be very vulnerable to having its current diversion severely curtailed.

    I hope the Denver Water Board, as well as city and state officials, and our Congressional representatives, act expeditiously to mitigate any adverse impacts.

    Richard (Dick) Emerson, Denver

    Move beyond false choices in energy policy

    Re: “Global energy demand is rising as Colorado is still restricting operations,” Feb. 15 commentary

    In her opinion column on global energy demand, Lynn Granger creates a false dichotomy when she states, “Colorado politics has framed energy policy as a moral choice rather than a systems challenge.” Energy policy is both a moral choice and a systems challenge.

    Given the scientific consensus that fossil fuels are the root cause of the climate crisis, and given the impacts we’ve seen here in Colorado — including the fires, floods, beetle-kill, meager snowpacks, and the dire condition of the Colorado River — doing anything other than constraining the burning of fossil fuels can be considered a crime against the people of Colorado.

    And, given that the whole planet shares the same atmosphere, any steps that would perpetuate or increase the burning of fossil fuels in Colorado could readily be considered crimes against humanity. Energy policy is indeed a moral choice.

    And energy policy is also a systems challenge. Our challenge is to transition our energy systems from huge, established, and entrenched extractive and polluting industries to systems more reliant on clean energy and more resilient to disruptions by climate-change-driven weather events.

    Fortunately, many of the technologies we need are already available. And they are being implemented right here in Colorado. In 2024, Colorado overtook California as the EV capital of the United States with 25.3% in new EV sales. The electricity delivered by Holy Cross Energy was 85% clean last year.

    We can get to a cleaner, safer, healthier future, but Ms. Granger’s false choice doesn’t help us.

    Chris Hoffman, Boulder

    Lynn Granger’s guest opinion is basically “drill, baby, drill” obfuscated in a word salad. Instead of “drill, baby, drill” she talks about “maximizing existing assets” and “preserving affordability.” She helpfully points out that burning hydrocarbons is an easy and relatively cheap way to provide additional energy, because demand is increasing.

    Granger chastises Colorado leaders for prioritizing the “tired” and “outdated” framing of renewable energy. Her opinion is nothing more than the classic Baby-Boomer approach to everything — “let’s consume it, burn it, use it up, borrow and spend it” and then pass all the problems down to our children and grandchildren.

    When you boil down her opinion, it turns out to be — take the easy way out.

    Roy W. Penny Jr., Denver

    When the world asks us too much, dogs provide comfort

    Re: “Are we asking too much of our dogs?” Feb. 15 commentary

    Clara Bow, the “It Girl,” is reported to have said, “The more I see of men, the more I like dogs.”

    Are we asking too much of our dogs? Absolutely not. Their potential as replacements for human interactions has been underestimated for years. Once, a family’s dog was just a dog. That is not longer true.

    Harry, my third and final dachshund, was invaluable to me during the pandemic, and he is even more invaluable to me now during this wretched presidency. (Does anyone not know by now how psychologically depleting last year and this year have been?)

    The importance of dogs — and other pets — during the pandemic became the theme of an art exhibition at the Lone Tree Arts Center. Harry was featured.

    I’m elderly. Final glide pattern. Mark Twain said, “The dog is a gentleman; I hope to go to his heaven, not man’s.”

    Craig Marshall Smith, Highlands Ranch

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  • EPA scraps Biden coal restrictions as advocates say move will restore American dominance

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    A leading domestic energy advocacy group praised EPA Administrator Lee Zeldin’s announcement that his agency would undo recent additions to the federal “mercury and air-toxics standards” (MATS) for coal-fired power plants.

    Zeldin said removing the restrictions allows the already “robust” MATS standards to remain in effect, ensuring both public health and the health of America’s coal industry amid a push for U.S. energy dominance.

    “The Biden-Harris Administration’s anti-coal regulations sought to regulate out of existence this vital sector of our energy economy. If implemented, these actions would have destroyed reliable American energy,” Zeldin said at the Mills Creek Power Plant in Kentucky, adding that protecting the environment and supporting industry and baseload power is not a “binary choice.”

    In response, Power the Future founder Daniel Turner told Fox News Digital the move is a significant step toward revitalizing the American coal industry and, in turn, fueling economies in economically depressed industrial communities throughout Appalachia and beyond.

    TRUMP DIRECTS MILITARY TO STRIKE NEW DEALS WITH COAL-FIRED POWER PLANTS: ‘GOING TO BE BUYING A LOT OF COAL’

    “Since the war on coal, we have weakened our grid, driven electricity prices through the roof, outsourced major industries to Mexico and China, but most of all driven tens of thousands of Americans into ruin because of a globalist agenda,” Turner said Friday, adding that the costs of a crippled coal industry went far beyond shuttered infrastructure:

    “The cruel Obama-led war on coal ruined numerous towns across rural America, drove families into poverty, caused alcoholism, opioid addiction, domestic violence, and suicide to skyrocket.”

    “Power The Future started because of coal miners, the acceptable casualties in the globalist climate change agenda,” said Turner, whose group is based in coal-heavy Virginia.

    EPA CHIEF WRAPS NATIONAL TOUR AS CRITICS SLAM DEREGULATION AGENDA

    “Restoring America’s coal dominance is good for our national security and economy, and it restores the dignity of small-town coal workers whose labor is vital to America’s survival.”

    Many of America’s poorest counties are in what were once very wealthy coal communities — including McDowell and Mingo counties in West Virginia and Bell, Letcher, McCreary, and Breathitt counties in Kentucky, where Vice President JD Vance’s family is from.

    During much of the 20th century, McDowell County — and its seat, Welch — was the No. 1 coal-producing county in the U.S. and home to 100,000 people — a population boom some credit with spurring construction of what became the nation’s first parking deck, which is still standing today in Welch.

    TRUMP ADMIN RELAUNCHES KEY COUNCIL AFTER BIDEN ADMIN SHUTTERED IT: ‘IGNORANCE AND ARROGANCE’

    Now, about one-quarter of McDowell residents live in poverty while the median income is around $30,000.

    Turner alluded to those conditions in comments to Fox News Digital, saying people must “never forget or forgive the drivers of the war on coal for their cruel attacks on a vital industry found only in rural America.”

    “[Anti-coal politicians] fly private jets to attend global climate summits while they orchestrated an evil attack on the coal miner making America weaker and China richer.”

    Turner quipped that any “anti-coal activist” is invited to join him in visiting coal-producing communities but may be unhappy to get dirt on their clothing and find lodging not up to “Four Seasons” standards.

    “We need coal. There is not one product around you right now that was not touched by coal, and to lower prices, bring market stability and ensure economic growth, we need to dominate the coal industry,” Turner said.

    The Mill Creek power plant in Kentucky, where Lee Zeldin made his announcement, is seen. (Jon Cherry/Getty Images)

    CLICK HERE TO DOWNLOAD THE FOX NEWS APP

    “Sadly, the liberal elite who launched the war on coal are too ignorant or too indifferent to know this. The ignorant can be educated, and that’s what I try to do at Power The Future. But the indifferent must be defeated, as they are a threat to our liberty, property and prosperity. I will never stop until I defeat them all,” he said, calling President Donald Trump the “greatest coal president in history.”

    Former EPA Administrator Gina McCarthy fired back at the policy change, telling the AP that “by weakening pollution limits and monitoring for brain-damaging mercury and other pollutants, they are actively undermining any attempt to make America — and our children — healthy.”

    Charles Creitz is a reporter for Fox News Digital. 

    He joined Fox News in 2013 as a writer and production assistant. 

    Charles covers media, politics and culture for Fox News Digital.

    Charles is a Pennsylvania native and graduated from Temple University with a B.A. in Broadcast Journalism. Story tips can be sent to charles.creitz@fox.com.

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  • Department of War transports next-generation reactor in nuclear energy milestone

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    The Department of War on Sunday transported a next-generation nuclear reactor aboard a C-17 from California to Utah, advancing President Donald Trump’s executive order to modernize America’s nuclear energy infrastructure and strengthen U.S. national security.

    The reactor was flown from March Air Reserve Base in California to Hill Air Force Base in Utah and is expected to be transported to the Utah San Rafael Energy Lab in Orangeville for testing and evaluation – a key step in assessing how advanced nuclear systems could support military installations and remote defense operations.

    The Department of War shared images on X showing the reactor loaded onto the C-17 aircraft.

    “We’re advancing President Trump’s executive order on nuclear energy,” the post read. “Moments from now, we will airlift a next-generation nuclear reactor.”

    TRUMP ADMIN POURS $1B INTO MASSIVE EFFORT TO RESTART NUCLEAR REACTOR AT HISTORIC MELTDOWN SITE

    The Department of War said the successful delivery and installation of the reactor will open new possibilities for energy resilience and strategic independence for the nation’s defense, highlighting what officials described as an agile, innovative and commercial-first approach to addressing critical infrastructure challenges.

    “By harnessing the power of advanced nuclear technology, we are not only enhancing our national security but championing a future of American energy dominance,” the agency said in a press release. “This event is a testament to the ingenuity of the American spirit and a critical advancement in securing our nation’s freedom and strength for generations to come.”

    Fox News Digital has reached out to the Department of War for additional comment.

    THREE MILE ISLAND NUCLEAR PLANT MAKES COMEBACK WITH $1B IN FEDERAL BACKING TO MEET INCREASING ENERGY DEMANDS

    The Department of War airlifted a next-generation nuclear reactor to Utah, advancing President Trump’s push to modernize U.S. energy and strengthen national security. (U.S. Department of War X)

    In May, President Donald Trump signed several executive orders aimed at expanding domestic nuclear energy development. At the time, Interior Secretary Doug Burgum said America led the postwar world on “all things nuclear” until it “stagnated” and was “choked with overregulation.”

    War Secretary Pete Hegseth added that the U.S. was “going to have the lights on and AI operating when others are not because of our nuclear capabilities.”

    One of Trump’s nuclear directives called for reforming Energy Department research and development, accelerating reactor testing at national laboratories and establishing a pilot program for new construction.

    ENERGY SECRETARY REVEALS HOW US NUCLEAR TESTS WILL WORK

    Nuclear energy, the White House said in the order, “is necessary to power the next generation technologies that secure our global industrial, digital, and economic dominance, achieve energy independence, and protect our national security.”

    The nuclear expansion effort is part of a broader administration push to reinforce domestic energy production and grid reliability across multiple sectors.

    Days later, Trump signed another executive order directing the Department of War to work directly with coal-fired power plants on new long-term power purchasing agreements, arguing the move would ensure “more reliable power and stronger and more resilient grid power.”

    The order, “Strengthening United States National Defense with America’s Beautiful Clean Coal Power Generation Fleet,” states, “The United States must ensure that our electric grid … remains resilient and reliable, and not reliant on intermittent energy sources,” calling the grid “the foundation of our national defense as well as our economic stability.”

    CLICK HERE TO DOWNLOAD THE FOX NEWS APP

    “It is the policy of the United States that coal is essential to our national and economic security,” the order adds.

    Fox News Digital’s Jasmine Baehr and Charles Creitz contributed to this report.

    Greg Wehner is a breaking news reporter for Fox News Digital.

    Story tips and ideas can be sent to Greg.Wehner@Fox.com and on Twitter @GregWehner.

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  • Perfectionism Was Killing Me — Now I'm 18 Years Sober & Focused On Being Good Enough

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    You don’t have to do it all perfectly.

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  • Artificial Intelligence helps fuel new energy sources

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    Artificial Intelligence and data centers have been blamed for rising electricity costs across the U.S. In December 2025, American consumers paid 42% more to power their homes than ten years ago. 

    “When you have increased demand and inadequate supply, costs are going to go up. And that’s what we’re experiencing right now,” Exelon CEO Calvin Butler said. 

    TRUMP SAYS EVERY AI PLANT BEING BUILT IN US WILL BE SELF-SUSTAINING WITH THEIR OWN ELECTRICITY

    In 2024, U.S. data centers used more than 4% of total U.S. electricity consumption according to the International Energy Agency. That equates to as much electricity as the entire nation of Pakistan uses annually. U.S. Data Center consumption is expected to grow by 133% by the end of the decade, using as much power as the entire country of France. 

    “We’re headquartered in Chicago, and we’re the owner of ComEd, the fourth-largest utility in the nation. ComEd’s peak load is roughly 23 gigawatts. We have had data center load come onto the system, but by 2030, we’ll be at 19 Gigawatts,” Butler said. 

    Artifical intelligence data centers in the U.S. used more than 4% of the total U.S. electricity consumption, according to the International Energy Agency. (Exelon)

    Commonwealth Edison has experienced a dramatic increase in data center connection requests. The potential projects total more than 30 gigawatts and are expected to come online between now an 2045.

    “Our growth is unprecedented in the last several decades. So, with the data center advent and the technology coming, we’ve been forced to serve that load, which is our responsibility,” Butler said. “But what we also have to do is build new generation supply, which is not keeping up with the load that is coming on. And that’s the crunch that we’re in right now.”

    IN 2026, ENERGY WAR’S NEW FRONT IS AI, AND US MUST WIN THAT BATTLE, API CHIEF SAYS

    Commonwealth Edison is asking regulators for a $15.3 billion 4-year grid update to meet the growing demand. The U.S. overall has increased its grid capacity by more than 15% over the last decade, but many utility companies and energy producers say it is not enough. 

    “We’re at a stage right now where we’re constrained by electricity,” Commonwealth Fusion Systems CEO Bob Mumgaard said. “You want to make power plants that can make a lot of power in a small package that you can put anywhere, that you could run at any time and fusion fits that bill.”

    Zanskar energy plant

    Zanskar, is the first AI-native geothermal energy company, according to their website. This plant is located in New Mexico. (Zanskar)

    Commonwealth Fusion Systems is working to add a new form of nuclear energy to the grid — fusion. It has the same reliable benefits of standard nuclear energy already in use, but does not produce long-lived radioactive waste and carries fewer risks. 

    “In fusion there’s no chain reaction. The result is helium which is safe and inert and you don’t use it to make anything related to weapons,” Mumgaard said. 

    US POWER CRUNCH LOOMS AS OKLO CEO SAYS GRID CAN’T KEEP UP WITHOUT NEW INVESTMENT

    Commonwealth Fusion Systems says Artificial Intelligence is helping bring fusion energy closer to being a new resource. 

    “Building and designing these complex machines and manipulating this complex data matter of plasma are all things that we’re still learning and we’re still figuring out how to do,” Mumgaard said. “And that’s an area where we’ve been able to accelerate using A.I.”

    Other under-utilized energy sources could soon get a big boost thanks to A.I. Geothermal energy is a small part of the electric grid, because of the high drilling costs and low confidence in where to place infrastructure. 

    Power lines and supporting towers

    Geothermal and nuclear fusion technology will allow energy to be produced in any weather at any time. (AP)

    “If you could drill the perfect geothermal well every single time, like you pick the right spot, you design the right well, you drill the 5,000, 8,000 feet, you hit 400F degree temperatures, that’s incredibly productive,” Zanskar Co-founder Joel Edwards said. “If you could do that every single time over and over and again, geothermal power is the cheapest source of power period.” 

    Zanskar is working to make the geothermal search more exact. The company uses A.I.-fueled mapping to find untapped resources previously thought non-existent. 

    “If we could just get more precise in where we go to find the things and then how we drill into the things, geothermal absolutely has the cost curve to come down,” Edwards said. “And that’s sort of what we’re running towards, with A.I. sort of giving us the boost, giving us an edge to do that.”

    CLICK HERE TO GET THE FOX NEWS APP

    Both geothermal and nuclear fusion can produce energy in any weather at any time, a component that could have helped ease the grid strain amid the recent winter storm. 

    “It’s critical, and we’ve been raising that alarm for years now, and I use the analogy that you’re driving a car and your check engine light is on, but you keep driving it, hoping that you’ll keep getting there and keep going, but when it breaks down, you’re going to have a significantly higher cost,” Butler said. “We have to pay attention to what’s going on, and this winter storm – Winter Storm Fern – is indicative of what’s coming.”

    Bret Baier currently serves as FOX News Channel’s (FNC) anchor and executive editor of Special Report with Bret Baier (weeknights at 6-7PM/ET), chief political anchor of the network and co-anchor of the network’s election coverage. Baier is also host of FOX News Audio’s “The Bret Baier Podcast” which includes Common Ground and The All-Star Panel. He joined FNC in 1998 as the first reporter in the Atlanta bureau and is now based in Washington, D.C. where he was recently described as “the most influential news anchor in America right now” at the 2025 Semafor Trust in News summit.

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  • Abdellah Merad Sells 60,000 Shares of SLB (NYSE:SLB) Stock

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    SLB Limited (NYSE:SLB – Get Free Report) EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $2,982,000.00. Following the completion of the sale, the executive vice president directly owned 140,602 shares in the company, valued at approximately $6,987,919.40. This represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

    Abdellah Merad also recently made the following trade(s):

    • On Tuesday, November 11th, Abdellah Merad sold 60,000 shares of SLB stock. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00.

    SLB Stock Performance

    Shares of SLB stock opened at $48.87 on Thursday. SLB Limited has a 1 year low of $31.11 and a 1 year high of $51.67. The firm’s 50-day moving average is $40.97 and its 200 day moving average is $36.98. The stock has a market cap of $73.07 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98.

    SLB (NYSE:SLB – Get Free Report) last issued its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. Sell-side analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

    SLB Increases Dividend

    The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, February 11th. This is an increase from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is presently 48.10%.

    SLB News Summary

    Here are the key news stories impacting SLB this week:

    • Positive Sentiment: Multiple brokerages raised targets/ratings this week, supporting upside expectations (examples include Susquehanna’s boost to $58 and other bank notes showing constructive views). Susquehanna Boosts SLB Price Target
    • Positive Sentiment: SLB won multi‑year supply contracts in Oman (wellheads and artificial lift) and additional Middle East work, reinforcing near‑term revenue visibility in the region. Business Wire: Oman Contracts
    • Neutral Sentiment: Commentary pieces are re-evaluating SLB’s valuation and role in evolving energy markets — useful context for positioning but not an immediate catalyst. Yahoo: Is SLB Pricing Reflect Its Role?
    • Neutral Sentiment: MarketWatch notes SLB has underperformed some peers recently despite intraday gains, which frames relative performance risk vs. other oilfield services names. MarketWatch: Underperformance vs Competitors
    • Negative Sentiment: Significant coordinated insider selling occurred on Jan. 26 — including the CFO, EVP, CAO and multiple directors — amounting to multimillion‑dollar disposals; markets often interpret clustered insider sales as a near‑term negative signal. TipRanks: Coordinated Insider Selling
    • Negative Sentiment: Individual SEC‑filed insider sales include EVP Abdellah Merad (~$2.98M), CAO Howard Guild (~$659K) and CFO StĂŠphane Biguet (>$3M) — these specific filings have been widely reported and are weighing on sentiment. Benzinga: Howard Guild Sale Benzinga: Abdellah Merad Sale
    • Negative Sentiment: A Freedom Capital downgrade moved SLB to a “strong sell” designation, creating a direct negative research catalyst amid otherwise bullish analyst activity. Zacks / Freedom Capital Downgrade
    • Negative Sentiment: SLB’s JV with Aker Carbon Capture reported a loss on a carbon‑capture project — this may temper near‑term enthusiasm for SLB’s energy‑transition growth narrative. Upstream: Loss on Carbon Capture Project

    Wall Street Analyst Weigh In

    Several research firms have recently weighed in on SLB. Citigroup boosted their price target on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI set a $54.00 price objective on SLB and gave the stock an “outperform” rating in a report on Tuesday, January 6th. BMO Capital Markets upped their target price on shares of SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday. Loop Capital set a $48.00 price target on shares of SLB in a report on Tuesday. Finally, Morgan Stanley reissued an “overweight” rating and set a $50.00 price objective on shares of SLB in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.92.

    View Our Latest Analysis on SLB

    Hedge Funds Weigh In On SLB

    Several institutional investors have recently made changes to their positions in SLB. Brighton Jones LLC grew its position in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 1,166 shares during the period. Bison Wealth LLC purchased a new stake in shares of SLB in the 4th quarter worth $238,000. Patton Fund Management Inc. bought a new position in SLB in the 2nd quarter worth $216,000. Avior Wealth Management LLC lifted its position in SLB by 70.4% during the second quarter. Avior Wealth Management LLC now owns 8,905 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 3,678 shares in the last quarter. Finally, Washington Capital Management Inc. grew its holdings in SLB by 22.4% during the second quarter. Washington Capital Management Inc. now owns 37,185 shares of the oil and gas company’s stock valued at $1,257,000 after purchasing an additional 6,800 shares during the period. Institutional investors own 81.99% of the company’s stock.

    About SLB

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    SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

    SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.

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  • State, utilities seek faster grid hookups for new homes

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    BOSTON — The Healey administration is launching an initiative with the state’s two largest utilities to speed up the process of connecting new residential units to the regional electric grid as part of broader efforts to expand housing options.

    Under the Power Forward program launched Tuesday, the state will partner with National Grid and Eversource to conduct advanced grid studies for municipalities, which officials say will help communities evaluate where new energy-efficient housing can be built quickly and cost-effectively.

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    By Christian M. Wade | Statehouse Reporter

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  • 11 tips for safer generator usage

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    With the region in the grips of a major winter storm, the possibility of power outages looms large. Should the power go out, a generator can keep power flowing into homes or businesses.

    The Outdoor Power Equipment Institute (OPEI), an international trade association representing manufacturers and suppliers of outdoor power equipment, small engines, battery power systems, portable generators, utility and personal transport vehicles, and golf cars, reminds home and business owners to keep safety in mind when using generators.

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  • Mass. House Democrats finding ‘tricky balance’ in energy policy talks

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    Top Massachusetts House Democrats on Tuesday suggested policymakers might be facing a reality check as to how impactful their actions can be on the energy affordability front.

    “There isn’t enough that you can give these people off the bill, with our tools, that’s significant to have an impact. That’s the reality,” House Speaker Ron Mariano said after meeting privately with representatives to discuss possible approaches to lowering energy costs.

    “Everyone’s shocked at the rates, the increase of the rates. The fact that the feds took all our alternative energy sources off the table — we had invested in offshore wind, we were committed to bringing that in, as an alternative energy source, and the feds pulled the rug right out from underneath us,” Mariano said, referring to the Trump administration’s consistent efforts to stop large-scale offshore wind power projects.

    Massachusetts’ governor focused on affordability and President Donald Trump’s federal government in her speech.

    “It’s absolutely hard to have an impact on the bills when the things you’re going to use for alternatives, you can’t use them anymore,” Mariano added.

    House Ways and Means Chair Aaron Michlewitz, who co-hosted the meetings Tuesday and Thursday, suggested the House might be considering long-term utility bill relief when asked Thursday about specific solutions.

    “One thing we’ve talked about is long-term, trying to figure out, you know, create some stability and predictability in these electrical bills long-term, while also maintaining the balance of sticking to our principles and what we’ve done in the past, in terms of trying to commit to our climate goals and reducing our carbon emission,” Michlewitz said.

    The North End Democrat confirmed on Tuesday that changes to the state’s 2030 emissions reduction mandates are “off the table” in any near-term energy affordability legislation. Environmental advocates in the fall slammed a House bill drafted by Telecommunications, Energy and Utilities Committee members for the rollbacks it would have made to the state’s emissions reduction statutes.

    “It’s a tricky balance to do both,” Michlewitz added Thursday. “I think we’re trying to find the — thread the right needle, in relation to this legislation to find a pathway to some type of goal of reducing the bills while also sticking to our principles.”

    Energy Committee Co-Chair Rep. Mark Cusack added: “And also being realistic of what we can actually affect on a bill as policymakers.”

    “Trying to get immediate relief, there’s very few different buckets you can actually access — like Mass Save, ACP [alternative compliance] payments. Clearly, the governor is using that money as well. So different areas like that,” Cusack said when asked about what realistic options could be.

    “But, you know, the utilities aren’t thrilled with what was in the bill that came out of the committee — there’s a lot of haircutting going on for them,” Cusack added. “But just explaining to the membership in the larger picture that this is very technical, difficult, but fitting all the pieces together. It’s not as simple as saying, ‘Oh, we’re just going to cut bills in half. It’s not realistic.”

    Gov. Maura Healey announced Thursday that the state will use $180 million to help temporarily reduce residential electric and gas bills this winter. That $180 million stems from alternative compliance payments that can only go toward electric ratepayer relief and covers an estimated 15% reduction in electric bills, the administration said.

    House and Senate Republicans last week proposed a bill that requires 50% of alternative compliance payments made in connection with the state’s Renewable Portfolio Standard to be returned to utility customers in each of the next three years. The ACP revenue is currently deposited in a fund overseen by the Massachusetts Clean Energy Center for use in clean energy projects, the Republicans said, and the change would return between between $198 million and $207 million over three years. The GOP bill, which authors say could provide $147 million in first-year savings, also calls for the Mass Save energy efficiency program to be restructured.

    Utilities also plan to defer an estimated 10% of gas bills for later payments for their customers.

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    Ella Adams

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  • Does Caffeine Actually Boost Metabolism? What the Research Shows

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    What you need to know before sipping your next caffeinated beverage.

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  • Massachusetts Financial Services Co. MA Cuts Position in Exxon Mobil Corporation $XOM

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    Massachusetts Financial Services Co. MA reduced its position in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,541,574 shares of the oil and gas company’s stock after selling 206,039 shares during the period. Exxon Mobil makes up approximately 0.7% of Massachusetts Financial Services Co. MA’s holdings, making the stock its 27th largest holding. Massachusetts Financial Services Co. MA’s holdings in Exxon Mobil were worth $2,203,312,000 at the end of the most recent quarter.

    A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Clayton Financial Group LLC acquired a new stake in shares of Exxon Mobil in the third quarter worth $40,000. TruNorth Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares in the last quarter. Bare Financial Services Inc boosted its position in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the period. Halbert Hargrove Global Advisors LLC increased its holdings in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. purchased a new position in Exxon Mobil in the second quarter valued at about $42,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

    Analyst Upgrades and Downgrades

    A number of brokerages recently weighed in on XOM. Mizuho boosted their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Piper Sandler lowered their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Zacks Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $130.25.

    Read Our Latest Stock Analysis on Exxon Mobil

    Exxon Mobil Stock Up 0.5%

    Shares of Exxon Mobil stock opened at $129.78 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $131.72. The business’s fifty day moving average price is $119.60 and its two-hundred day moving average price is $114.72. The company has a market capitalization of $547.30 billion, a P/E ratio of 18.86, a PEG ratio of 8.05 and a beta of 0.37.

    Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. During the same period last year, the company earned $1.92 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

    Exxon Mobil Increases Dividend

    The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were given a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. Exxon Mobil’s payout ratio is presently 59.88%.

    Insider Activity at Exxon Mobil

    In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

    Trending Headlines about Exxon Mobil

    Here are the key news stories impacting Exxon Mobil this week:

    About Exxon Mobil

    (Free Report)

    Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

    ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

    Featured Articles

    Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM – Free Report).

    Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



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  • QRG Capital Management Inc. Sells 242,565 Shares of Exxon Mobil Corporation $XOM

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    QRG Capital Management Inc. lessened its stake in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 30.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 557,000 shares of the oil and gas company’s stock after selling 242,565 shares during the quarter. Exxon Mobil makes up about 0.8% of QRG Capital Management Inc.’s investment portfolio, making the stock its 18th largest position. QRG Capital Management Inc.’s holdings in Exxon Mobil were worth $62,802,000 as of its most recent filing with the SEC.

    Several other institutional investors also recently bought and sold shares of the stock. Marshall & Sullivan Inc. WA purchased a new position in shares of Exxon Mobil during the second quarter valued at about $38,000. Clayton Financial Group LLC bought a new position in Exxon Mobil during the third quarter valued at approximately $40,000. TruNorth Capital Management LLC boosted its stake in Exxon Mobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares during the last quarter. Bare Financial Services Inc grew its holdings in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC increased its stake in Exxon Mobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock worth $42,000 after acquiring an additional 181 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

    Wall Street Analyst Weigh In

    A number of research analysts have recently commented on the company. Piper Sandler lowered their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Barclays decreased their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Citigroup upped their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group lifted their price target on Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $130.25.

    Check Out Our Latest Analysis on XOM

    Insider Buying and Selling

    In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president owned 28,584 shares in the company, valued at $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

    More Exxon Mobil News

    Here are the key news stories impacting Exxon Mobil this week:

    • Positive Sentiment: International oil companies (including Exxon) are lobbying for Venezuelan hydrocarbon law changes that would let producers freely export oil they produce—this could materially unlock stranded Venezuelan barrels and improve long‑term upstream cash flows for companies with exposure. Read More.
    • Positive Sentiment: Exxon awarded a contract to acquire 3D deepwater seismic offshore Trinidad & Tobago, signaling continued investment in high‑value exploration acreage and potential future resource delineation that supports production growth. Read More.
    • Positive Sentiment: Technical analysis commentary notes Exxon reached a new all‑time high and shows impulsive rally characteristics—this can attract momentum traders and reinforce upside near term. Read More.
    • Neutral Sentiment: Analysts note WTI near $60 could pressure upstream earnings, but Exxon’s low leverage and premium asset base should help it weather softer prices—mixed implications for earnings vs. balance‑sheet stability. Read More.
    • Neutral Sentiment: Coverage pieces and investor commentary flag that Exxon is actively assessing Venezuelan assets and upcoming earnings; monitoring not immediate action—keeps optional upside but also uncertainty. Read More.
    • Neutral Sentiment: Broader market pieces listing stocks for midterm‑year positioning may include cyclical energy exposure; this is a portfolio‑level consideration rather than a company‑specific catalyst. Read More.
    • Negative Sentiment: Exxon flagged lower Q4 earnings expectations tied to declining crude prices—this is the most direct near‑term earnings risk and can pressure sentiment until actual results and guidance are reported. Read More.
    • Negative Sentiment: Public friction between political figures and Exxon’s CEO over Venezuela policy adds political/regulatory risk and could create short‑term volatility tied to headlines. Read More.
    • Negative Sentiment: Exxon and Shell halted the planned sale of key U.K. North Sea gas assets after regulatory and commercial hurdles—this removes near‑term divestment proceeds and keeps the assets on the balance sheet, which may weigh on capital allocation expectations. Read More.

    Exxon Mobil Price Performance

    XOM stock opened at $129.78 on Monday. The stock has a market cap of $547.30 billion, a PE ratio of 18.86, a P/E/G ratio of 8.05 and a beta of 0.37. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $131.72. The company has a 50-day moving average price of $119.37 and a 200 day moving average price of $114.60. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

    Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. During the same period in the prior year, the company posted $1.92 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

    Exxon Mobil Increases Dividend

    The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

    Exxon Mobil Company Profile

    (Free Report)

    Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

    ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

    Featured Articles

    Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM – Free Report).

    Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)



    Receive News & Ratings for Exxon Mobil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Report: Utilities make progress fixing gas leaks

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    BOSTON — The state’s aging natural gas pipelines are still riddled with thousands of potentially dangerous and damaging leaks, according to a new state report that says utilities are making progress upgrading their infrastructure to reduce the hazards.

    Massachusetts utilities reported 20,564 gas leaks in 2024, about 4,675 of which were classified as “Grade 1” leaks, meaning they should be repaired immediately, according to the latest data from the state Department of Public Utilities.

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    Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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    By Christian M. Wade | Statehouse Reporter

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  • I Took This Supplement For Muscle Tone — Here’s What Changed In 30 Days

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    Curious if amino acids actually make a difference? Here’s what changed when I added them to my strength routine.

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  • Trump Claims He and Microsoft Have a Solution for AI-Related Utility Price Spikes

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    President Donald Trump did what he does on Monday evening and posted to his social media app, this time about how Microsoft isn’t going to cause our bills to spike by creating massive amounts of new energy demand with its AI projects.

    First of all, the president claims to “never want Americans to pay higher Electricity bills because of Data Centers,” which is a nice thought, although someone should tell him it looks like the thing he dreads has already happened. At any rate, what he’s teasing with Microsoft is, he claims, the first of multiple energy-related projects with big tech companies. To that end, he writes:

    “First up is Microsoft, who my team has been working with, and which will make major changes beginning this week to ensure that Americans don’t ‘pick up the tab’ for their POWER consumption, in the form of paying higher Utility bills. We are the ‘HOTTEST’ Country in the World, and Number One in AI. Data Centers are key to that boom, and keeping Americans FREE and SECURE but, the big Technology Companies who build them must ‘pay their own way.’ Thank you, and congratulations to Microsoft. More to come soon! President DJT”

    As Gizmodo wrote last summer, electricity demand from the massive data centers that are being used to train and run AI models has driven the average American’s power bill up, and the amount varies from place to place. On average, consumer energy bills had gone up about 6.5% in a year when that story emerged over the summer, but in, for instance, Maine, they had spiked by an astonishing 36.3%, and that’s reportedly due to the “AI tax.” Meanwhile, utility companies like Pacific Gas & Electric have reported record profits in recent years. Funny how that works.
     
    It’s truly anyone’s guess how Trump and Microsoft are going to fix this issue. Trump is making overtures toward ostensible economic populism lately—seemingly in the form of deals he can tout for a short-term win, like when he got Novo Nordisk to lower the price of Ozempic. Democrats on the House Ways and Means Committee followed that mysterious deal up with a letter to Novo Nordisk asking about what might have been included in the still-secret terms of that agreement—including some unsettling ambiguity about the future prices of other drugs. But who wants to hear about the puny Democrats’ dumb letter when President Deals successfully slashed the price of what he has nicknamed “the fat drug”?

    But keeping energy bills down is tricky for Microsoft to do since, unlike Novo Nordisk, Microsoft doesn’t actually set the price Trump is trying to keep down. One thing Trump could have demanded of Microsoft, then, is that Microsoft simply subsidize everyone’s energy bills. That would do the trick, but last I checked Microsoft wasn’t a charity.

    It was reported six days ago, however, that Microsoft is already working with the Midcontinent Independent System on a project aimed at modernizing the power grid with Microsoft’s technology. Reuters writes that Microsoft’s tech will help with “predicting and responding to weather-related power grid disruptions, transmission line planning, and accelerating certain operations.” 

    This doesn’t sound like a slam dunk for bringing down energy costs dramatically, but it’s easy to imagine broader grid modernization at least dispersing the price spikes more evenly, or even helping to integrate unused renewable energy and ease the famous bottlenecks cause by the outdated energy grid. But is this, or something like it, what Trump is referring to? For his own sake I hope not, because it sounds like the type of confusing and convoluted plan more typically associated with flailing Democrats, not with Mr. Cheap Ozempic.

    Gizmodo reached out to Microsoft and the White House for further details about this plan. We will update if we hear back. 

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    Mike Pearl

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  • New York State Teachers Retirement System Has $251.61 Million Stock Position in Chevron Corporation $CVX

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    New York State Teachers Retirement System boosted its position in Chevron Corporation (NYSE:CVX – Free Report) by 15.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,620,231 shares of the oil and gas company’s stock after buying an additional 215,345 shares during the quarter. Chevron makes up about 0.5% of New York State Teachers Retirement System’s holdings, making the stock its 28th biggest position. New York State Teachers Retirement System’s holdings in Chevron were worth $251,606,000 at the end of the most recent reporting period.

    Several other institutional investors have also recently bought and sold shares of CVX. Vishria Bird Financial Group LLC grew its position in shares of Chevron by 1.2% in the third quarter. Vishria Bird Financial Group LLC now owns 5,285 shares of the oil and gas company’s stock valued at $821,000 after purchasing an additional 65 shares during the last quarter. White Knight Strategic Wealth Advisors LLC boosted its stake in Chevron by 3.0% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 2,230 shares of the oil and gas company’s stock valued at $319,000 after purchasing an additional 65 shares during the period. Rakuten Securities Inc. grew its holdings in Chevron by 7.4% in the 2nd quarter. Rakuten Securities Inc. now owns 961 shares of the oil and gas company’s stock valued at $138,000 after buying an additional 66 shares during the last quarter. Analyst IMS Investment Management Services Ltd. increased its position in Chevron by 1.0% in the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 6,751 shares of the oil and gas company’s stock worth $966,000 after buying an additional 67 shares during the period. Finally, M.E. Allison & CO. Inc. lifted its holdings in shares of Chevron by 0.6% during the third quarter. M.E. Allison & CO. Inc. now owns 11,204 shares of the oil and gas company’s stock worth $1,740,000 after buying an additional 67 shares during the last quarter. Institutional investors own 72.42% of the company’s stock.

    Insider Buying and Selling

    In other Chevron news, Director John B. Hess sold 275,000 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the transaction, the director directly owned 1,128,045 shares in the company, valued at $170,052,783.75. This represents a 19.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alana K. Knowles sold 7,956 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $165.05, for a total transaction of $1,313,137.80. Following the completion of the sale, the insider owned 1,207 shares in the company, valued at $199,215.35. This represents a 86.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 631,990 shares of company stock valued at $99,716,808. 0.20% of the stock is owned by insiders.

    Chevron News Roundup

    Here are the key news stories impacting Chevron this week:

    • Positive Sentiment: Chevron is in advanced talks with the U.S. government to expand its Venezuela license, which would allow higher exports to Chevron’s refineries and third parties — a clear potential earnings and volume catalyst. Read More.
    • Positive Sentiment: Shipping and operational activity is picking up: data and filings show Chevron loading Venezuelan crude and contracting multiple tankers, signalling the company can scale flows quickly if approvals hold. Read More.
    • Positive Sentiment: Market positioning and deal activity: reports show Chevron competing with traders and partners to control Venezuelan exports and lining up bids for international assets — moves that could expand supply links and reserves. Read More.
    • Positive Sentiment: Analyst support: Bernstein and other outlets have recently raised targets or reiterated bullish theses on CVX amid the Venezuela angle, providing analyst-driven validation. Read More.
    • Neutral Sentiment: White House engagement: President Trump met with oil executives to discuss Venezuela reconstruction — policy backing could help but details, guarantees and timelines remain uncertain. Read More.
    • Neutral Sentiment: Companies want guarantees: FT/Reuters reporting that U.S. majors want formal guarantees from Washington before committing large capital, implying any large-scale Venezuela rebuild will be phased and conditional. Read More.
    • Neutral Sentiment: Distribution risk: some shipments to traditional buyers (notably Chinese buyers) are paused, tempering near-term cash conversion despite increased loading activity. Read More.
    • Negative Sentiment: Large insider selling disclosed (CEO, CFO and other insiders sold sizable blocks in early January), which can be perceived negatively and add short-term selling pressure. Read More.
    • Negative Sentiment: Analyst downgrades and sell-side caution: at least one firm cut CVX to “Strong Sell” and others trimmed price targets, reflecting some skepticism about sustainable upside after the recent run. Read More. Read More.
    • Negative Sentiment: Political/reputational risk: high-profile criticism and scrutiny around U.S. handling of Venezuela investments raise execution and regulatory uncertainty. Read More.

    Chevron Stock Performance

    NYSE:CVX opened at $162.15 on Monday. The firm has a market capitalization of $326.49 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 10.19 and a beta of 0.70. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.19. Chevron Corporation has a 12-month low of $132.04 and a 12-month high of $168.96. The firm has a 50-day moving average price of $152.31 and a 200 day moving average price of $153.56.

    Chevron (NYSE:CVX – Get Free Report) last released its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Chevron had a return on equity of 8.74% and a net margin of 6.57%.The company had revenue of $48.17 billion for the quarter, compared to the consensus estimate of $46.99 billion. During the same period in the previous year, the business earned $2.48 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Research analysts anticipate that Chevron Corporation will post 10.79 earnings per share for the current fiscal year.

    Chevron Dividend Announcement

    The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 18th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, November 18th. Chevron’s dividend payout ratio is 96.20%.

    Analyst Upgrades and Downgrades

    CVX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Chevron in a research report on Wednesday, October 8th. Barclays decreased their price target on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Wells Fargo & Company upped their price objective on shares of Chevron from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. UBS Group reissued a “buy” rating on shares of Chevron in a research report on Monday, December 1st. Finally, Scotiabank upped their price target on Chevron from $160.00 to $165.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $167.14.

    Get Our Latest Stock Analysis on Chevron

    Chevron Company Profile

    (Free Report)

    Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

    Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

    Further Reading

    Want to see what other hedge funds are holding CVX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chevron Corporation (NYSE:CVX – Free Report).

    Institutional Ownership by Quarter for Chevron (NYSE:CVX)



    Receive News & Ratings for Chevron Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chevron and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Mechanics Bank Trust Department Sells 7,828 Shares of Chevron Corporation $CVX

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    Mechanics Bank Trust Department reduced its holdings in Chevron Corporation (NYSE:CVX – Free Report) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,772 shares of the oil and gas company’s stock after selling 7,828 shares during the period. Chevron accounts for about 1.0% of Mechanics Bank Trust Department’s portfolio, making the stock its 28th largest holding. Mechanics Bank Trust Department’s holdings in Chevron were worth $6,953,000 as of its most recent SEC filing.

    A number of other large investors also recently modified their holdings of CVX. Quaker Wealth Management LLC boosted its position in Chevron by 197.7% during the second quarter. Quaker Wealth Management LLC now owns 217 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 439 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of Chevron by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 255 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 118 shares during the last quarter. IMG Wealth Management Inc. raised its stake in shares of Chevron by 52.3% during the 2nd quarter. IMG Wealth Management Inc. now owns 265 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 91 shares in the last quarter. GFG Capital LLC acquired a new stake in shares of Chevron in the 2nd quarter valued at approximately $42,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in shares of Chevron by 106.7% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 310 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 160 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors and hedge funds.

    Insider Buying and Selling at Chevron

    In related news, Director John B. Hess sold 275,000 shares of Chevron stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $150.75, for a total transaction of $41,456,250.00. Following the completion of the sale, the director directly owned 1,128,045 shares of the company’s stock, valued at approximately $170,052,783.75. This trade represents a 19.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

    Chevron Price Performance

    Shares of CVX opened at $163.84 on Tuesday. The company’s 50-day moving average is $152.05 and its 200-day moving average is $153.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.15 and a quick ratio of 0.86. The firm has a market capitalization of $329.90 billion, a PE ratio of 23.04, a PEG ratio of 9.76 and a beta of 0.70. Chevron Corporation has a fifty-two week low of $132.04 and a fifty-two week high of $168.96.

    Chevron (NYSE:CVX – Get Free Report) last announced its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $48.17 billion for the quarter, compared to analyst estimates of $46.99 billion. Chevron had a net margin of 6.57% and a return on equity of 8.74%. Chevron’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.48 EPS. Equities analysts forecast that Chevron Corporation will post 10.79 EPS for the current year.

    Chevron Announces Dividend

    The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 18th were paid a dividend of $1.71 per share. The ex-dividend date was Tuesday, November 18th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.2%. Chevron’s dividend payout ratio (DPR) is 96.20%.

    Analysts Set New Price Targets

    A number of equities analysts recently weighed in on the stock. Barclays lowered their target price on shares of Chevron from $160.00 to $158.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Citigroup decreased their price objective on shares of Chevron from $185.00 to $179.00 and set a “buy” rating for the company in a research report on Monday. Hsbc Global Res raised shares of Chevron from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Chevron in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price target on Chevron from $177.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $166.90.

    Check Out Our Latest Analysis on CVX

    Trending Headlines about Chevron

    Here are the key news stories impacting Chevron this week:

    Chevron Profile

    (Free Report)

    Chevron Corporation (NYSE: CVX) is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron’s core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

    Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

    Read More

    Institutional Ownership by Quarter for Chevron (NYSE:CVX)



    Receive News & Ratings for Chevron Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chevron and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Fact-checking Trump following U.S. attacks on Venezuela and capture of Maduro

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    President Donald Trump said a U.S. military assault succeeded in capturing Venezuelan President Nicolås Maduro and his wife, Cilia Flores, both facing U.S. charges related to cocaine trafficking under newly unsealed indictments. 

    In a Jan. 3 press conference at Mar-a-Lago, Trump said the U.S. would “run the country until such time as we can do a safe, proper and judicious transition.”

    Trump also said Venezuelan Vice President Delcy RodrĂ­guez was sworn in as interim president. Trump said RodrĂ­guez had talked to Secretary of State Marco Rubio and was “essentially willing to do what we think is necessary to make Venezuela great again.”

    However, RodrĂ­guez criticized the U.S. military action as “brutal aggression” on state television and called for Maduro’s immediate release.

    Maduro, an authoritarian, has led Venezuela since 2013, succeeding an ideological ally, Hugo ChĂĄvez, who had been in office since 1999. Under both men, U.S. relations with Venezuela frayed over foreign policy, oil and human rights.

    In July 2024, Maduro declared victory following an election that international observers described as fraudulent. The country’s opposition candidate, Edmundo González Urrutia, received about 70% of the vote.

    Tensions between Trump and Maduro escalated in September after the U.S. government began attacking vessels off the coast of Venezuela, killing more than 100 people, in what Trump described as an effort to thwart drug smuggling.

    When a reporter asked Trump during the Mar-a-Lago press event whether he’d spoken to Venezuelan opposition leader Maria Corina Machado following Maduro’s arrest, Trump said Machado “doesn’t have the support or the respect within the country.”

    Machado, who recently won the Nobel Peace Prize for her fight for democracy in Venezuela, had a 72% approval rating from Venezuelans according to a March poll by ClearPath Strategies.

    Trump said without evidence that the United States’ role in governing Venezuela “won’t cost us anything” because U.S. oil companies would invest in new infrastructure in the oil-rich country. “It’s going to make a lot of money,” Trump said. 

    Here, we fact-checked Trump’s and Rubio’s statements from the press conference.

    Rubio: “It’s just not the kind of mission that you can prenotify (Congress about) because it endangers the mission.” 

    The administration’s lack of warning to Congress bucks laws and precedents. 

    Rubio said members of Congress were not notified in advance. Trump said the administration was concerned about Congress potentially leaking news of the administration’s decision to capture Maduro.

    Senate Majority Leader John Thune, R-S.D., praised the operation as a “decisive action.”

    But Congressional Democrats said Congress should have been notified in advance. Sen. Tim Kaine, D-Va., said, “Maduro is terrible. But Trump put American servicemembers at risk with this unauthorized attack.”

    Sen. Jeanne Shaheen, D-N.H., said Trump and his cabinet were not forthcoming about their intentions for regime change, so “we are left with no understanding of how the administration is preparing to mitigate risks to the U.S. and we have no information regarding a long-term strategy following today’s extraordinary escalation.”

    The U.S. Constitution assigns Congress the right to declare war. The last time that happened was for World War II.

    Since then, presidents have generally initiated military action using their constitutionally granted powers as commander in chief without an official declaration of war. 

    Since Congress passed the 1973 War Powers Resolution, the president has had to report to Congress within 48 hours of introducing the U.S. military into hostilities and terminate the use of the military within 60 days unless Congress approves. If approval is not granted and the president deems it an emergency, an additional 30 days are granted for ending operations.

    In recent decades, congressional consent has usually been granted through an authorization for the use of military force. But an authorization has not been passed for operations in Venezuela. Kaine and other lawmakers have pursued legislation — so far fruitlessly —  to prohibit the use of federal funds for any use of military force in or against Venezuela without Congressional authorization.

    The Trump administration has whittled away at prior notification requirements. Under federal law, eight bipartisan, senior members of Congress must receive prior notice of particularly sensitive covert actions. In June 2025, the administration told Republicans, but not Democrats, about the forthcoming U.S. strike on Iranian nuclear facilities. For the Venezuela operation, it appears no lawmakers were notified in advance.

    Trump: Each U.S. boat strike off the coast of Venezuela saves 25,000 people. 

    Pants on Fire! 

    The Trump administration has struck at least 32 vessels killing about 115 people in the Caribbean Sea and Eastern Pacific Ocean since September. Trump said previously that the boats were carrying drugs en route to the U.S. and during the press conference he said the drugs on each boat would kill “on average, 25,000 people.”

    However, experts on drugs and Venezuela told PolitiFact the country plays a minor role in trafficking drugs that reach the U.S. And the administration has provided no evidence about the type or quantity of drugs it says were on the boats. This lack of information makes it impossible to know how many lethal doses of the drugs could have been destroyed.

    The Centers for Disease Control and Prevention reported 73,000 U.S. drug overdose deaths from May 2024 to April 2025. That means the drugs on 32 boats would have been responsible for 800,000 deaths, nearly 11 times the number of U.S. overdose deaths in one year. 

    Trump: “Maduro sent savage and murderous gangs, including the bloodthirsty prison gang Tren de Aragua, to terrorize American communities nationwide.”

    There is no evidence Maduro sent members of Venezuelan prison gang Tren de Aragua to the U.S. 

    The U.S. Justice Department indictment against Maduro does not mention Trump’s statement.

    An April report from the federal National Intelligence Council contradicted Trump’s statements about links between Maduro and Tren de Aragua. 

    “While Venezuela’s permissive environment enables (Tren de Aragua) to operate, the Maduro regime probably does not have a policy of cooperating with TDA and is not directing TDA movement to and operations in the United States,” the report said.

    Trump: Venezuela “stole” U.S oil in the past.

    This needs context. 

    In the early 20th century, Venezuela’s long-serving dictator, Juan Vicente Gómez, allowed foreign companies almost exclusive access to the country’s oil resources. 

    In 1975, after decades of seeking greater control of its oil resources, Venezuela nationalized its oil industry.

    “Trump’s claim that Venezuela has stolen oil and land from the U.S. is baseless,” Francisco RodrĂ­guez, a Venezuelan economist at the University of Denver, told The Washington Post. “The U.S. was much more interested in having Venezuela be a provider of oil — relatively cheap oil — than to have a production collapse in Venezuela,” RodrĂ­guez said. As a result, the change was “relatively uncontroversial” at the time.

    U.S. oil companies, including Exxon and Mobil and Gulf, now Chevron, lost about $5 billion each in assets and were compensated $1 billion each, according to news reports, the Post reported.

    But Rodríguez said the companies didn’t push for additional compensation at the time, in part because no forum existed to do so.

    In general, experts have told PolitiFact that invading a country to take its oil would be both illegal and unethical. In 2016, Trump mused about how the U.S. should have taken Iraq’s oil when it invaded to oust Saddam Hussein.

    Experts pointed to the Annex to the Hague Convention of 1907 on the Laws and Customs of War, which says that “private property … must be respected (and) cannot be confiscated.” It also says that “pillage is formally forbidden.”

    “If ‘to the victors go the spoils’ was legal doctrine, then we would have believed that (then-Iraqi leader Saddam Hussein) should have been able to keep Kuwait City after he invaded” in 1990, terrorism analyst Daveed Gartenstein-Ross told PolitiFact in 2016. “But we viewed that — quite rightly — as an act of aggression under the U.N. Charter.”

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