Finimize - 🇩🇪 Germany avoids a recession

Hi Reader, here's what you need to know for May 2nd in 3:11 minutes.

⛅️ Today’s a public holiday for us at Finimize HQ, so we’ll be taking a day off to soak up the… clouds. We’ll be back on Wednesday, and we’ll miss you too.

Today's big stories

Oil giants Exxon Mobil and Chevron reported booming profits
Here's how to work out if your next crypto investment is risky and rewarding, or just plain risky – Read Now
Data out last week showed the eurozone economy barely grew last quarter

Cold Hard Trash

What’s Going On Here?

Exxon Mobil reported booming profits on Friday, even if the oil giant had to scrap some best laid plans along the way.

What Does This Mean?

You know the oil price is in top form when a major producer can wipe billions off its books and come out swinging. That’s exactly what Exxon did last quarter: it wrote down $3.4 billion from the value of its Russian business and still posted a $5.5 billion profit – twice as much as the same time last year. “That’s cute,” said Chevron: the rival oil giant’s profit more than quadrupled, hitting its highest for a quarter since 2012. The company’s “free cash flow” hit a 17-year high too, meaning the world is Chevron’s oyster: it could use that money to buy back shares, boost its dividends, or pay off the debt it’s built up in the last couple of years.

Why Should I Care?

The bigger picture: Heating isn’t getting any cheaper.
Exxon is ahead of Chevron on that front: the company just announced that it’s as much as tripling its share buybacks. The move – which will reduce the amount of available shares and push up the value of those left over – comes a day after TotalEnergies pledged to buy back $2 billion worth of its own stock by July. Big Oil investors are loving it, but governments aren’t keen: they’re pressuring energy companies to invest the money into oil production, as consumers pay an arm and a leg at the gas pump.

For markets: Push and pull.
The oil price just notched its fifth monthly gain in a row in April, but the slippery elixir could be left in limbo in the next few months. On the one hand, prices are set to keep rising: the European Union’s threat of a ban on Russian oil could see to that. But on the other, China’s relentless Covid lockdowns are damaging demand from the world’s biggest oil importer, which is bound to have the opposite effect.

You might also like: How to get a piece of those Big Oil profits.

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Analyst Take

How To Tell If A Crypto Is Risky And Rewarding, Or Just Plain Risky

By Jonathan Hobbs, Analyst

What’s Going On Here?

Crypto is risky, there’s no doubt about it.

But it’s also very rewarding if you can find crypto that offers the highest returns for the lowest risk.

Fortunately, there is a way to do exactly that: a simple strategy you can use to calculate one coin’s risk-reward balance next to another’s.

With this approach, you’d find that dogecoin – which has delivered the highest return in the last three years – actually compensated investors less than almost all the major coins for the risk they took on.

So going forward, this three-step strategy could be an invaluable way to decide if your new favorite coin is worth the risk.

That’s today’s Insight: how the major crypto investments stack up against each other, and how to roll out this strategy for yourself.

Read or listen to the Insight here

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