New York CNN — US markets wrapped up a blockbuster 2024 by marking an achievement so rare that it’s only ever happened a handful of times. Despite US stocks closing lower Tuesday in a disappointing December that saw the Dow drop over 2,000 points, or about 5%, and the S&P 500 slide 2.5%, this was a stellar year for stocks. …
Oil-and-gas companies have built up a mountain of cash with few precedents in recent history. View Full Image FactSet/WSJ Six companies often described as Big Oil—Italy’s Eni, France’s TotalEnergies, the U.K.’s Shell and BP, and domestically headquartered Chevron and Exxon Mobil—reported nearly $160 billion in cash and cash equivalents across their balance sheets at the end of the first quarter. …
