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...Dunand has said that half of the company’s investments each year will go into energy transition projects....
...Until recently, that DNA has stayed with the company....
...“The company has a very diversified shareholding base of 1,200 . . . compared to the previous generation,” he said....
...Oil trading represents about 30 per cent of total revenues. Alongside gas and power trading, the group is investing in green technologies such as battery storage and biogas....
...Any company in our position would do the same thing.”...
...Australia’s two largest oil and gas companies have called off merger talks, ending months-long negotiations to create a $52bn liquefied natural gas company....
...Chevron, the second-biggest US oil company, has been “engaged in discussions” with Exxon and Cnooc — joint owners of the Stabroek Block project — “regarding a right of first refusal provision in the joint...
...A ruling against the Australian company could have delayed production, due to start in the first half of 2025, by at least a year....
...Many oil product tankers had started to take the longer route around the Cape of Good Hope rather than going through the dangerous Red Sea after the Marlin Luanda, a tanker carrying the refined oil product...
...BYD, which last month said it was “officially opening a new era of electricity that is lower than oil”, is discounting nearly all the electric and hybrid car models it has on the market....
...Its investors lent about £130mn to the utility’s holding company Kemble Water Finance Ltd in 2018 and 2020....
...The fund “has decided to exclude the companies Jardine Matheson Holdings Ltd, Jardine Cycle & Carriage Ltd and PT Astra International Tbk due to unacceptable risk of the company contributing to or being...
...The raid on profits is a long way from the Corbyn era, when some energy utilities moved holding companies abroad to try to fend off the threat of renationalisation....
...The takeovers come as the largest companies seek to deploy huge profits made during the energy crisis to buy up prospects in the oil market....
...On average, SUVs also consume about a fifth more oil than an average medium-sized car, according to the International Energy Agency....
...Against that backdrop, some hardy foreign funds have decided it is worth betting on deeply-discounted Korean companies....
...funds to buy an 18-karat gold Patek Philippe watch for a high-ranking official of Petroecuador, the state-owned oil company....
...BYD has slashed prices of almost every model in its line-up since the start of the year under the slogan “electricity is cheaper than oil”, followed by its competitors including Geely and SAIC-GM-Wuling,...
...Scotland’s only remaining oil refinery at Grangemouth will cease operations in 2025, its owner said on Wednesday, putting about 400 jobs at risk as the company grapples with lower demand and tightening margins...
...Now, as the world’s largest companies race to buy vast volumes of Nvidia’s chips, the company is shaping the future of AI — and in the process has become the world’s third most valuable company....
...Trafigura last week said gas and power trading had emerged as a “third pillar” for the company, alongside oil trading and metals trading, as it announced record net profits of $7.4bn for its latest financial...
...But the consultancy recommends that industry should not wait, and called on all oil and gas producers to “turbocharge abatement” of methane, noting it is one of the most achievable ways for companies to...
...Ambani’s long-running strategy is to diversify Reliance, one of India’s largest conglomerates, beyond its core assets in oil and gas refining into consumer-facing digital businesses....
...) Thomson Reuters has $8bn war chest for AI-focused deals, says chief (FT) Elliott abandons effort to buy UK electronics retailer Currys (FT) Saudi Aramco increases dividend to nearly $100bn despite oil...
...This week, one of Europe’s biggest pension funds sold out of oil and gas majors, including Shell and BP, over concerns the companies were making little progress to transition to greener businesses....
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