Oil

Exxon is slashing capital expenditures by 30 percent and cutting operating expenses by 15 percent in order to protect its 87-cent per share dividend. 

Chevron is cutting capital expenditures and lowering operating costs in order to keep its dividend.

Output cuts, if all sides live up to the agreement, will end the price war between Russia and Saudi Arabia and eliminate 20 million crude barrels a day from a market that has been overwhelmed with supply.

The world's largest independent oil and gas producer plans to curtail output by a further 40,000 barrels per day in May and bring its total cuts to 460,000 barrels per day by June.

Shell said it would reduce its quarterly dividend by two-thirds to 16 cents per share

Chesapeake Energy Corp is preparing for the possibility of bankruptcy after the Saudi-Russian energy price war earlier this year upended its plans and the wider crude market. It was dealt another blow by the coronavirus outbreak, which caused energy demand to dwindle.

CME Group says negative oil prices were the result of “oversupply, reduced demand and increasingly full U.S. storage.”

Oil prices got a boost as American Petroleum Institute data showed a smaller-than-expected inventory build while trials of a coronavirus treatemnt yielded promising data.

Starbucks, Ford, Google set to report results Tuesday after the bell.

'Stay-at-home' orders issued by governments worldwide to slow the spread of COVID-19 have gutted global crude demand.

BP expects significantly lower refining margins in the second quarter