The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

Why Global Business Travel (GBTG) Stock Is Trading Up Today

GBTG Cover Image

What Happened?

Shares of B2B travel services company Global Business Travel (NYSE: GBTG) jumped 13.2% in the afternoon session after the company reported second-quarter financial results that surpassed expectations and raised its full-year guidance. The company's revenue increased 1% year-over-year to $631 million, while adjusted EBITDA grew 4% to $133 million. In another positive development, the U.S. Department of Justice dismissed its lawsuit that challenged the acquisition of CWT. The strong performance prompted an analyst at Deutsche Bank to raise the price target on the stock while the firm maintained a 'Buy' rating. Management also announced plans to activate a $300 million share buyback program.

Is now the time to buy Global Business Travel? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Global Business Travel’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. But moves this big are rare even for Global Business Travel and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 5 days ago when the stock dropped 5% on the news that the White House announced a new round of steep global tariffs, sparking concerns of a trade war and its impact on the U.S. and global economies. This move creates significant uncertainty for businesses and investors. The new tariffs, with rates of up to 41% on imports from 68 countries and the European Union, prompted a broad market sell-off, with the tech-heavy Nasdaq index showing notable weakness. Adding to the bearish sentiment was a weaker-than-expected July jobs report, which revealed that employers created only 73,000 jobs, far below economists' expectations. This combination of trade fears and signs of a slowing labor market has created a "risk-off" environment, leading investors to pull back from growth-oriented sectors like software and technology.

Global Business Travel is down 19.6% since the beginning of the year, and at $7.37 per share, it is trading 22.9% below its 52-week high of $9.56 from December 2024. Investors who bought $1,000 worth of Global Business Travel’s shares at the IPO in November 2020 would now be looking at an investment worth $763.11.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.