Bayer has no plans to spin off Monsanto, a company representative told Reuters, even as the company faces a flurry of lawsuits over its Roundup weedkiller.
Chevron said it has applied to join Argentina's incentive regime for large investments for a $13.8B unconventional oil project in the Vaca Muerta shale play.
Global oil inventories could hit critically low levels ahead of the peak July-August fuel demand period if drawdowns continue at their current pace, the International Energy Agency said.
The American Petroleum Institute reportedly shows a draw of 6.8M barrels of oil in US commercial stockpiles for the week ending May 29, its seventh straight weekly decline.
BP held advanced talks in recent weeks to sell its UK North Sea assets to Ithaca Energy in a deal worth nearly £2B (~$2.7B), the Financial Times reported.
Uranium stocks surged as Urenco USA announced plans to expand capacity to make enriched uranium by nearly 50% through a multibillion-dollar expansion project.
Major earnings expected before the bell on Wednesday include:Medtronic plc (MDT)Macy's (M)Ollie's Bargain Outlet Holdings (OLLI)Sprinklr (CXM)Other earnings ...