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Oil group Equinor must explain climate discrepancy, minority owners say

OSLO (Reuters) -The board of Norway's Equinor must explain how the company's plan to raise oil and gas production aligns with its stated commitment to the Paris agreement on curbing climate change, a group of minority shareholders said on Tuesday. Equinor, which is 67% government owned, this year joined the likes of Shell and BP in promising higher petroleum output while scaling back investment in renewables. In a resolution to be voted on at Equinor's May 14 annual general meeting, the minority owners said there were "material inconsistencies" between the company's climate strategy and the policy expectations expressed by its majority shareholder.

Northrop Grumman (NYSE:NOC) Misses Q1 Sales Targets, Stock Drops

Security and aerospace company Northrop Grumman (NYSE:NOC) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6.6% year on year to $9.47 billion. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $42.25 billion at the midpoint. Its GAAP profit of $3.32 per share was 46.7% below analysts’ consensus estimates.

Wall Street opens higher after selloff

Wall Street's main indexes jumped at the open on Tuesday, as investors turned their focus to corporate earnings after President Donald Trump's mounting criticism of Federal Reserve Chair Jerome Powell caused a sharp selloff in the previous session. The Dow Jones Industrial Average rose 345.8 points, or 0.91%, at the open to 38,516.23. The S&P 500 rose 49.5 points, or 0.96%, at the open to 5,207.67​, while the Nasdaq Composite rose 209.0 points, or 1.32%, to 16,079.94 at the opening bell.