BP and Exxon Show How Hormuz Hits Earnings
Hormuz has left the price chart and entered working capital, refinery throughput, cargo timing, and hedge math.
Business
Intel 14A Still Has Revenue Without the Customer Commitment It Needs
Intel has a better quarter, a foundry story, and still no public commitment that settles the 14A risk clause.
Paramount-WBD Shareholders Approve the Deal and Reject the Parachute
Warner shareholders approved Hollywood consolidation and then used a powerless vote to say they hated the exit pay.
Cerebras Makes OpenAI Validation and Concentration the Same Fact
Cerebras got the customer every AI chip company wants, which is exactly why investors should read the dependency line.
Treasury Sanctions Are Now Corporate Filing News
Sanctions now move through wind-down dates, risk memos and counterparties before they reach diplomacy.
Warner's Pay Vote Shows Shareholder Disgust Without Shareholder Power
Warner shareholders approved the deal and rejected the payout, which is exactly how weak their power is.
BP's Cash Flow Shows the Cost of Longer Shipping Routes
BP turned Hormuz anxiety into inventory, trading and route mechanics that cash flow can measure.
Exxon's Q1 Note Puts Disrupted Crude Deliveries on the Record
Exxon's earnings note turns Middle East risk into crude deliveries, throughput and hedges.
Caterpillar Has an April 30 Earnings Date, Not a Brent Verdict
Caterpillar belongs in the Brent story only as an April 30 earnings date, not as evidence that has landed.
Chevron's Earnings Page Shows a May 1 Call, Not New Guidance
Chevron's May 1 call page proves a coming print, not a fresh war-premium claim.
SpaceX Bank-Commitment Silence Remains the Valuation Proxy
The SpaceX IPO still has roadshow theater, retail spectacle and no named bank conviction.