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Oil Industry 30 September 2025

BP Bets Big on Oil with $5B Gulf of Mexico Deepwater Platform

BP Bets Big on Oil with $5B Gulf of Mexico Deepwater Platform

BP approved a $5 billion investment for the Tiber-Guadalupe deepwater oil project in the U.S. Gulf of Mexico, targeting first production by 2030. The new platform will handle about 80,000 barrels per day and tap an estimated 350 million barrels of recoverable resources. BP aims to boost Gulf output above 400,000 barrels oil-equivalent per day by 2030. Environmental groups criticized the move as a setback for climate goals.
30 September 2025
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Stock Market Today

  • US Stock Futures Rise as Slower Growth Meets Hotter Inflation in Early May
    May 1, 2026, 7:16 AM EDT. U.S. stock futures edged higher Friday as investors digested mixed economic signals. First-quarter GDP grew 2.0%, missing forecasts for 2.3%, showing slower expansion than expected. Meanwhile, the Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) index, stood firm at 3.5% annually. Tight labor market indicators, including employment costs and jobless claims, complicate the Federal Reserve's outlook on rates. Key movers included FTAI Aviation, surging over 17% on strong quarterly results, Quanta Services up nearly 16%, and Qualcomm climbing over 15% after earnings beats and analyst upgrades. Market watchers eye upcoming factory data and earnings from Exxon Mobil, Colgate-Palmolive, and tech firms like Uber for clues on economic resilience amid inflation and growth concerns.

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 01.05.2026

1 May 2026
LIVEMarkets rolling coverageStarted: May 1, 2026, 12:00 AM EDTUpdated: May 1, 2026, 7:20 AM EDT US Stock Futures Rise as Slower Growth Meets Hotter Inflation in Early May May 1, 2026, 7:16 AM EDT. **U.S. stock futures edged higher Friday** as investors digested mixed economic signals. First-quarter GDP grew 2.0%, missing forecasts for 2.3%, showing slower expansion than expected. Meanwhile, the Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) index, stood firm at 3.5% annually. Tight labor market indicators, including employment costs and jobless claims, complicate the Federal Reserve's outlook on rates. Key movers included FTAI Aviation, surging
Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

1 May 2026
Sandisk shares dropped about 6% in after-hours trading Thursday despite reporting fiscal Q3 revenue of $5.95 billion, up 251% from a year earlier, and net income of $3.62 billion. The company announced a $6 billion buyback and forecast Q4 revenue of up to $8.25 billion. Gross margin rose to 78.4%. Shares had closed at $1,096.51 before slipping to about $1,030.
Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

1 May 2026
Apple reported fiscal Q2 revenue of $111.2 billion and earnings of $2.01 per share, beating analyst estimates. The board approved a $100 billion share buyback and raised the dividend. Shares fell about 1% after hours as iPhone sales missed forecasts and chip supply remained tight. Investors are watching for clarity on AI strategy and the upcoming CEO transition to John Ternus.
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