Latest News Updates From Michelle Chapman

Business, Fuel

Exxon Mobil Profit Rises on Pioneer Acquisition

Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.

August 2, 2024
Business, For-Hire

UPS Boosts Volume in US for First Time Since 2022

UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge.

July 23, 2024
Business, Logistics, Private, Global Freight

Amazon Is Shifting to Recycled Paper Filling for Packages

Amazon is shifting from the plastic air pillows used for packaging in North America to recycled paper because it’s more environmentally sound, and it says paper just works better.

June 20, 2024
Government, Business, Technology

Fisker Files for Bankruptcy Protection

Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers.

June 18, 2024
Government, Business, Fuel

ConocoPhillips to Buy Marathon Oil for $17.1 Billion

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.

May 29, 2024
Business, Equipment

Deere Cuts 2024 Profit Outlook on Lower Tractor Sales

Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors.

May 16, 2024
Government, Business, Logistics, For-Hire

UPS to Become the Primary Air Cargo Provider for USPS

UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.

April 1, 2024
Business, Private

ºÚÁϳԹÏÍø Depot Buys SRS Distribution in $18 Billion Deal

ºÚÁϳԹÏÍø Depot will buy SRS Distribution, a materials provider for professionals, in a deal valued at approximately $18.25 billion.

March 28, 2024

Exxon Profit Falls Compared With Record Numbers Last Year

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.

October 27, 2023
Business, Fuel

Chevron Buys Hess for $53 Billion

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

October 23, 2023