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ChargePoint shares jumped more than 70% on Thursday, giving the electric-vehicle charging company one of its strongest trading days in recent years. CEO Rick Wilmer says the sharp rally could be more than a one-day reaction, describing it as “the beginning of the momentum” as the company moves closer to profitability.
Italian energy group Eni is preparing a major new drilling programme in Egypt involving 230 wells, as the company expands its oil and gas operations and Cairo seeks to reinforce its position as an Eastern Mediterranean energy hub. The programme includes 30 exploration wells and 200 development wells, with activity expected to focus heavily on the Mediterranean and Western Desert.
Billionaire technology investor Peter Thiel has taken a significant position in Argentina’s fast-growing energy sector after his investment firm acquired roughly 1% of oil producer Vista Energy. Thiel Macro LLC purchased around 1.2 million American Depositary Shares of Vista, valued at approximately $76 million, according to regulatory disclosures filed with the US
Exxon Mobil and Chevron reported a combined $26.5 billion in second-quarter net profit, benefiting from strong refining margins and elevated fuel prices as geopolitical tensions in the Middle East continued to reshape global energy markets. Exxon posted $14.5 billion in quarterly earnings, roughly double the level recorded a year earlier and its strongest quarterly