Tag

Profits

All articles tagged with #profits

business1 month ago•16 min saved

Walking Dead Prods Strike $120M Settlement After Legal Showdown

After a nine-year battle over profits from The Walking Dead, five producers—Robert Kirkman, Gale Anne Hurd, David Alpert, Charles Eglee, and Glen Mazzara—reached a $120 million settlement with AMC, avoiding a federal trial; AMC will pay $85 million now and $35 million by January 31, 2027, and the move reduces its 2026 cash flow outlook from $220 million to $150 million. The dispute centered on how profits were calculated via 'modified adjusted gross receipts' and invoked a most-favored-nation clause, following earlier settlements with Frank Darabont and CAA; arbitration over Fear the Walking Dead spin-offs remains unresolved.

via Variety|

#amc-networks #business #producers

business2 months ago•2 min saved

Tariff refunds fuel Nintendo’s 53% profit jump as Switch momentum persists

Nintendo reported a 53.5% quarterly profit rise to ¥147.4bn, aided by a US tariffs refund, while Switch 2 sales stayed strong; revenue fell 10% to ¥517.8bn as overall sales lagged year-earlier levels.

via The Guardian|

#business #nintendo #profits

politics2 months ago•0 min saved

Trump blasts oil majors as profits surge, urging a public payback

Trump accused oil majors of profiteering after windfall profits from the Iran conflict, citing ExxonMobil’s jump in quarterly earnings, Chevron’s record results, and large profits at Aramco, BP, and Shell. With oil prices topping $100 a barrel and US pump prices around $4.55, the remarks come as the GOP faces midterm headwinds and the Strategic Petroleum Reserve sits near multi-decade lows.

via Semafor|

#gas-prices #iran-conflict #oil-majors

business2 months ago•17 min saved

Oil Majors Score $93 Billion Windfall Amid War-Heightened Prices and Climate Crisis

Eight leading oil companies earned about $93 billion in the April–June quarter as energy prices surged on the Iran conflict and climate-driven heatwaves, led by Saudi Aramco with over $33 billion. BP, Shell, Equinor, TotalEnergies, Eni, Chevron and ExxonMobil also posted multi‑billion profits, prompting calls for windfall taxes to fund a rapid transition to renewables and curb climate damage while critics question the social costs of fossil-fuel windfalls.

via The Guardian|

#business #climate-change #energy-industry

business2 months ago•8 min saved

BP rides oil-price surge to its strongest quarterly profit since 2022

BP reported a $5.73bn quarterly profit (April–June), more than double a year earlier and the highest since 2022, as Brent crude averaged about $104 a barrel amid supply disruption from the Iran war; the company also signaled a shift away from renewables by planning to sell its US renewable natural gas business and its North Sea unit, while activist groups criticized windfall profits in the sector.

via BBC|

#bp #business #iran-war

business2 months ago•2 min saved

BP rides oil rally to strongest quarterly profit in years

BP reported a Q2 profit of $5.73 billion, more than doubling from the previous quarter as higher oil and gas prices driven by the Middle East crisis lift earnings; CEO Meg O'Neill says there is more to do, including a potential North Sea asset sale, with the industry facing windfall profits scrutiny amid rising energy bills.

via The Guardian|

#bp #business #energy-prices

business2 months ago•3 min saved

BP rides higher oil prices to $5.7B Q2 profit as Trump targets Big Oil

BP posted $5.7 billion in underlying replacement-cost profit for Q2, beating estimates as higher oil prices amid Iran tensions lift earnings; net profit rose to $2.35 billion year over year. The company continues its simplification drive, including a refinery sale to cut costs, while governance changes add scrutiny. Trump criticized Big Oil for profits, and BP shares have climbed about 27% year to date.

via CNBC|

#bp #business #iran-conflict

business2 months ago•3 min saved

Oil Surge Lifts Exxon and Chevron Profits Amid Middle East Turmoil

ExxonMobil and Chevron posted strong Q2 results as higher oil prices and Middle East disruption lifted profits; Chevron reported net income of $12B and adjusted EPS of $6.06, beating estimates, while Exxon earned about $14.5B with adjusted EPS of $3.52, missing by 8 cents due to refining-market volatility; both posted significant gains in upstream and refining segments, with production up and crude prices averaging around $92/bbl in Q2.

via CNBC|

#business #chevron #exxonmobil

business2 months ago•18 min saved

Oil Majors Deliver Big Q2 Profits, Triggering Trump’s Critique

ExxonMobil and Chevron posted a combined $26.5 billion in Q2 profits as higher crude prices and near-capacity refining boosted earnings, with Chevron earning $12.2 billion and Exxon $14.5 billion and U.S. output and refining runs hitting records. Geopolitics—the Iran war and Hormuz disruptions—kept crude prices elevated and pressured gasoline and diesel markets. Trump criticized the windfall and pressed for lower fuel costs, while DOJ price-gouging scrutiny and talk of export bans loom; Chevron cautions that export limits could dampen investment and future supply.

via Crude Oil Prices Today | OilPrice.com|

#business #chevron #exxonmobil

business3 months ago•2 min saved

Delta bets on persistent fares as demand keeps profits rising

Delta Airlines says elevated airfares are likely to persist despite a drop in oil prices, reporting a $1.4 billion quarterly profit as demand remains strong and the carrier passed about 60% of higher fuel costs to customers; premium revenue rose 17% year-over-year while main cabin sales grew 8%, and Delta has expanded premium offerings with a 'basic business' option, signaling travelers remain willing to spend on trips even as costs stay elevated.

via The Guardian|

#airfares #business #delta-airlines

business3 months ago•8 min saved

AI Chip Boom Sparks 19-Fold Profit Jump at Samsung

Samsung Electronics forecast a 19-fold jump in quarterly profits for April–June, aiming for about 89 trillion won (~$58 billion) as demand for AI memory chips remains sky-high amid tight supply; first-half sales were around 171 trillion won, more than double the prior year, marking one of its strongest quarters as AI infrastructure drives chip demand.

via BBC|

#ai-chips #business #memory-chips

business3 months ago•4 min saved

Samsung Predicts 2026 Profit to Top 40-Year Chip Earnings

Samsung’s DS division chief Kim Yong-kwan says 2026 operating profit will match or exceed the company’s cumulative semiconductor profits over the past ~40 years, with analysts expecting about 300 trillion won (~$200B) for the year. If realized, it could outpace NVIDIA’s Q1 profits. Q2 2026 guidance points to roughly 84.6 trillion won (~$55B) in operating profit, as Samsung and SK hynix pursue an $800B memory-expansion plan that keeps memory prices elevated amid strong AI demand, with meaningful volumes not expected until 2033.

via Wccftech|

#business #drams #memory

business3 months ago•14 min saved

AI stocks stumble as investors weigh profits against bubble risk

AI-related stocks pulled back after a sharp rally as investors debated whether the pullback is simply profit-taking or a sign of nerves about an AI-driven bubble and potential oversupply. Major AI spenders—Alphabet, Amazon, Meta, and Microsoft—are pouring hundreds of billions into data centers, while chipmakers and AI hardware names led declines, raising questions about whether lofty valuations and financing needs can be justified by future profits. Analysts warn rapid capital expenditure could weigh on pricing and returns, even as demand for AI infrastructure remains a longer-term driver in tech, with mixed signals from Asia.

via Yahoo Finance|

#ai #bubble-risk #business

business4 months ago•14 min saved

US airline fuel bill surges 78% as profits outlook halves

US carriers spent about $6.5 billion on fuel in April, a 78% spike, while the global profit outlook for airlines was cut by nearly half.

via AP News|

#airlines #aviation #business

business4 months ago•3 min saved

Goldman Warns AI Spending Could Outpace Profits, Semiconductors Stand Out

Goldman Sachs notes that AI adoption and investment have surged, but the business case for profits remains unproven. In this cycle, economic value has largely gone to semiconductor makers, while AI-related spending by cloud providers and other players hasn’t yet shown clear returns, fueling concern that firms may be overinvesting due to fear of missing out without definitive economic gains.

via Business Insider|

#ai #business #cloud-computing