Exxon and Chevron raked it in | BYD's growth spurt got even bigger | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for May 01st in 3:09 minutes. ð Itâs public holiday season here in the UK, and that means itâs time for another day off. But donât worry, we won't leave you hanging: keep your eyes peeled for something a little different in your inbox tomorrow instead. Today's big stories - ExxonMobil and Chevron struck it rich with some jaw-dropping quarterly results
- This stock could put a smile on the face of Oscar the Grouch â [Read Now](
- BYD shifted gear and accelerated its souped-up growth last quarter Crude Awakening [Crude Awakening] Whatâs going on here? Americaâs oil giants [ExxonMobil]( and [Chevron]( defied the odds to report some super-slick results on Friday. What does this mean? The first quarter of 2022 was something of an oil bonanza, with the war in Ukraine unleashing sky-high energy prices around the world. So youâd think it would have been tough for oil companies to keep the party going last quarter, especially with Brent crude â a key oil benchmark â down by an average of 16% versus the same time last year. But Americaâs oil giants refused to bow out, keeping a tight grip on spending to keep margins plump. Exxon, for instance, cranked up output from new offshore developments, hitting a record $11.4 billion in profit â its biggest first-quarter profit ever and more than double the year before. And Chevron dodged the bullet too, relying on its oil refining business to plug the gap left by slipping prices â ultimately netting a slick profit of $6.6 billion. Why should I care? For markets: Feeding frenzy. Chevron sees oil markets bouncing back in the second half of the year, banking on Chinaâs reopening to rev up demand. But even if global economies start sputtering, Exxon and Chevron have aces up their sleeves: massive cash reserves (weâre talking $33 billion and $16 billion, respectively). So even if things do go south, they can simply snap up smaller rivals, juicing growth and snagging sweet deals on struggling competitors. The bigger picture: Like oil and water. Maintaining this stellar performance could be kind of tricky. See, oil prices have been on a slippery slope lately, thanks to fears that a downturn could hit demand. And it seems like trouble is indeed brewing in the West. US economic growth [fell]( short of expectations last week, after all â and while the eurozone did [manage]( to return to growth, it looks like the bloc is currently just about treading water. You might also like: [Get ready for a hard landing: why a recession may be all but unavoidable now.]( Copy to share story: [/crude-awakening]( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Crude Awakening&utm_campaign=daily-global-01-05-2023&utm_source=email) Analyst Take
5,000% Returns: Why One Manâs Trash Firm Could Be Your Stock Treasure [5,000% Returns: Why One Manâs Trash Firm Could Be Your Stock Treasure]( By Theodora Lee Joseph, Analyst If youâd invested $1,000 in Waste Connections 25 years ago, youâd be sitting on [a pile of cash]( worth $50,000 now. The firm is the third-biggest ([but arguably the best-looking]() company in the unglamorous business of providing waste collection, transfer, disposal, and recycling services to customers across North America. Itâs not every day you find [a 50-bagger stock]( (in the trash, as it were), so I decided to take a close look at this company and its industry, to see whether its performance is sustainable. Thatâs todayâs Insight: [with this stock, trash is cash.]( [Read or listen to the Insight here]( SPONSORED BY HARGREAVES LANSDOWN A key metric for ISA investors to watch You can use an ISA to shelter returns from tax, but that only matters if you have returns to shelter. When youâre choosing which stocks and shares to invest in with your ISA, youâll ask yourself a lot of questions â ones like âWhich balance sheet metrics should be evaluated or assessed?â Well, Hargreaves Lansdown (HL) recently hosted a webinar with us and addressed many of your queries about ISA investing. And in this example, HL said one key metric is the ânet debt figureâ. Thatâs a firmâs current assets minus its liabilities. Compare that figure to its earnings, and you can assess the âleverageâ levels to find out how easily a company can meet its debt obligations. You can catch up on the webinar â all about [how to pick shares for an ISA]( â [right here](, and you can [check out more of HLâs investing resources here](. Important Information This isnât personalized advice. Over time investments will rise and fall in value, so you could get back less than what you put in. If youâre not sure whether an investment is right for you, please ask for advice. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Wheels Of Fortune [Wheels Of Fortune] Whatâs going on here? Chinese carmaker BYD [zoomed]( ahead on its own high-speed growth track last quarter. What does this mean? While other carmakers have been busy duking it out in price wars, BYDâs got a lot of mileage out of staying in its own lane. And by âmileageâ, weâre talking global sales of 550,000 last quarter, sending operating revenue skyward by a staggering 80%. See, one of BYDâs secret weapons is an uber-efficient supply chain, owned by the company itself, covering everything from batteries to chips. And that smooth operation meant that even splurging on new factories didnât put too much of a dent in profit. In fact, BYD managed to post a mind-boggling 411% profit spike compared to the same time last year â blowing past expectations and even topping 2022âs 400% annual growth. Why should I care? Zooming in: Overtaking â and taking over. BYDâs pedal-to-the-metal performance is bound to prompt some road rage from other global carmakers. See, foreign brands held a comfy 70% share of Chinaâs car market not so long ago. But then along came EVs, and local brands like BYD floored it, leaving the competition in their (environmentally friendly) dust. BYDâs sales figures tell the tale: the company has now sped past Volkswagen, Chinaâs top-selling car brand since 2008, for the first time ever. And with BYD racing past that milestone earlier than planned, rival carmakers had better keep an eye on their own speedometers. The bigger picture: BYD FTW. Analysts reckon BYDâs got plenty more left in the tank. With a parade of new models showcased at this monthâs Shanghai auto show, the firmâs covering all its bases, from budget-friendly rides to luxury cruisers. And BYDâs got ambitious plans to nearly double last yearâs sales in 2023, revving up for a major push into Europe, Latin America, and Asia. Competitors, consider yourselves warned. You might also like: [Here's what investors are getting wrong about the EV market right now.]( Copy to share story: [/wheels-of-fortune]( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Wheels Of Fortune&utm_campaign=daily-global-01-05-2023&utm_source=email) ð¬ Quote of the day "A marriage is always made up of two people who are prepared to swear that only the other one snores." â Terry Pratchett (an English humorist, satirist, and author of fantasy novels) [Tweet this]( SPONSORED BY KUFLINK Property investments that donât cost as much as a house Plenty of rich folk buy properties, switching a mansion for a mansion and pocketing the change. And thatâs not just because they fancy a tenth bathroom: [property investments]( can be a savvy way to potentially grab higher returns than youâd get from saving â but they donât come cheap. You can, though, invest in individual projects â [backed by UK property]( â from [just £100]( with [Kuflink](, an [award-winning peer-to-peer lending platform](. If youâre new to the world of real estate, thereâs no need to worry: [Kuflinkâs experienced team]( is on hand to help you find investments and finance solutions that [suit your budget and goals](. Or if you want to go completely hands-off, you can use [Kuflinkâs Auto Invest tool]( to automatically spread your funds across [a diversified portfolio of projects]( around the UK. You can find out more about asset-backed loan investments on [Kuflinkâs secure, simple platform](. [Find Out More]( When you support our sponsors, you support us. Thanks for that. ð¯ On Our Radar 1. Psychopathic and thriving. Apparently being [cruel and domineering]( can actually work out pretty well for some people. 2. Real estate, marketplace tech, and smart window shades. Five startup CEOs just pitched their businesses, and you can [watch the session here](.* 3. Little blue critters. Californians are wondering about [the strange creatures]( washing up on their beaches. 4. Big but boring. Hereâs why [âimmersiveâ art]( can leave folk feeling so unimpressed. 5. Up in smoke. The [US adult smoking rate]( has never been so low. When you support our sponsors, you support us. Thanks for that. ð Finimize Live 𥳠Coming Up This Week... All events in UK time. ð [Meet The Founder: Selina IPO](: 5pm, May 3rd
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â
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