Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.

United Airlines, Delta Air Lines and several other U.S.-based carriers have all given investors strong forecasts for the year. Wall Street expects major airlines to increase revenue and profit in 2025. Lower jet fuel prices have also helped brighten those forecasts.

Chevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins dragged its refining business into a loss for the first time since 2020. CEO Mike Wirth told Reuters the post-pandemic surge in fuel margins had run its course,

HFD said a construction worker was rescued after being trapped in an elevator at a building in downtown Houston, where scaffolding collapsed near Main Street and Rusk.

HOUSTON (AP) — HOUSTON (AP) — LyondellBasell Industries (LYB) on Friday reported a loss of $603 million in its fourth quarter. On a per-share basis, the Houston-based company said it had a loss of $1.87. Earnings, adjusted for one-time gains and costs, were 75 cents per share.

Asian stocks have advanced in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded.

HOUSTON (AP) — HOUSTON (AP) — Stellar Bancorp, Inc. (STEL) on Thursday reported fourth-quarter earnings of $27.8 million. The bank, based in Houston, said it had earnings of 52 cents per share.

HONG KONG (AP) — Asia markets are mostly higher on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. U.S. futures and oil prices rose.

Exxon Mobil’s fourth-quarter adjusted profit managed to beat Wall Street’s expectations, as the oil and gas company increased production in Permian and Guyana.

LyondellBasell Industries said it has halted operations of a crude and coker unit at its 290,000 b/d Houston refinery as the global chemicals company continued the oil refinery's scheduled shutdown that is to be completed by the first quarter.

Chevron's downstream business lost $248 million in the fourth quarter of 2024, compared with a profit of $1.15 billion in the same period a year ago

Tesla’s fourth-quarter net income fell 71% from a year ago when results were boosted by a one-time tax benefit. The latest results fell short of Wall Street forecasts.