Hints and tips:
...But Elliott insiders note that the address in question — 1209 North Orange Street in the US state of Delaware — is home to the Corporation Trust Center, where more than 250,000 companies are registered....
...Norwegian Cruise Lines jumped almost 20 per cent after it shared an optimistic full year outlook and reported its first full-year profit since 2019 Hess weakened by 3.5 per cent after Chevron warned its...
...the hands of wealthy corporations....
...Chevron’s decision to prioritise profits and continued oil production over decarbonisation has made it a target for progressive politicians, climate litigants and campaigners....
...Musk vs Delaware The small US state of Delaware has long been the refuge of large corporations seeking predictable courts....
...All this reflects the rising success of US Republicans who claim “woke corporations” that take ESG factors into account and join industry climate alliances are putting politics above profits, with a leftwing...
...More energy industry news: Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation....
...Among other perks, Guyana also agreed to pay the companies’ income and corporation tax from its share of the profits. Mitro points to the absence of a “ringfencing” clause....
...Oil companies including BP, ExxonMobil, Chevron, Shell and TotalEnergies posted combined record profits of $200bn in 2022....
...Chevron is therefore using shares to buy Hess Corporation at a valuation of $60bn. Like Exxon, which is acquiring Pioneer for $64bn, it is bulking up for the long game....
...ExxonMobil has agreed to buy the shale group Pioneer Natural Resources for $60bn. While Chevron will shell out $53bn for Hess Corporation....
...The thinking goes that by moving away from paying out profits annually to partners who exchange their interests at retirement, partnerships can retain profits and create a corporate equity value....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...Wind turbine makers reported improved profits last quarter. In addition to New York, a consortium of New England states are allowing developers to rebid contracts for more favourable terms....
...In today’s newsletter: Mnuchin profits from NYCB crisis A look at the ‘eccentric’ company behind Temu Trump’s Treasury secretary finds opportunity in NYCB’s rescue Steven Mnuchin is on track to earn...
...Bill Weihl, founder of non-profit group ClimateVoice, noted that “you are also leaving without Google taking a public stand on the most critical issue for the planet’s survival: the phaseout of fossil fuels...
...Ader pocketed significant profits from the Rimu transaction as he only originally paid $7.5mn for his so-called founder’s shares, according to court filings....
...of gas producer EQT Corporation....
...The proceeds from the settlement are essentially pure profit to Staple Street, which stands to make hundreds of millions of dollars....
...Chalk up another win for Delaware corporate law. Late on Tuesday, News Corp and Fox abandoned their push to reunify the Murdoch media empire....
...Oxfam America, a coalition member, has put forward shareholder proposals at ExxonMobil, Chevron and ConocoPhillips to introduce country-by-country tax reporting, saying “tax avoidance is a key driver of...
...Legal risk looks zero sum, at least at the corporation level, since the deal’s reverse termination clause capped Musk’s potential damages at $1bn....
...This was even fewer than the 14 companies identified the previous year by the non-profit group CDP, formerly known as the Carbon Disclosure Project....
...Amazingly, Weinzierl suggests, Luxembourg is already positioning itself to be for space companies what Delaware is for US corporations looking to avoid taxes. This is unacceptable....
...corporations stores....
International Edition