Stocks rallied on Thursday as investors digested fresh inflation data and new tariff announcements from President Trump.

Imperial Oil CEO Brad Corson, who has led the integrated oil producer since 2020, will retire this spring and be replaced by John Whelan, the Calgary-based company announced Thursday.

Chevron has set a goal to reduce costs by up to $3 billion by 2026, focusing on technology, asset sales, and rethinking how ...