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...The U-turns included pushing back a ban on the sale of new petrol and diesel cars from 2030 to 2035 and diluting the phaseout of fossil fuel boilers....
...Exxon produced 11.2mn metric tonnes of polyethylene last year and operates a chemical recycling plant for plastic in Baytown, Texas....
...Daniel Yergin, vice-chair of CERAWeek host S&P Global, said Guyana was an extraordinary story and Exxon and its partners had clearly been awarded very competitive terms to develop the resources....
...The decision represents a sharp U-turn for Exxon, which as recently as its annual meeting in May urged shareholders to vote against a resolution calling for it to join the programme, arguing that doing so...
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...The company said it would “accelerate” a hitherto unannounced sale process that had been initiated last quarter due to a global supply glut of one of the chemicals....
...Citi’s analysts add: Interesting[ly], user[s] of GLP-1 drugs indicated they were consuming less sports drinks, while those on other diet methods noted they were consuming more....
...worth less than the face value of their debt, in a scenario that can help borrowers and private equity sponsors avoid expensive bankruptcy proceedings....
...Exxon plans to use a novel method known as direct lithium extraction, or DLE, in which it will drill into deep saltwater reservoirs, pump out brines and use chemical processes to separate out the lithium...
...Big share price moves in Europe today include German chemical group Lanxess, potash and salt maker K&S, UK travel booking company Trainline and German electricity company Encavis....
...At 12 times next year’s earnings, on S&P Capital IQ estimates, its stock trades at a nice premium of 33 per cent to Pioneer’s....
...US chemicals group Chemours, known for making Teflon, shows that even this is not foolproof. The company’s cash is real enough. But some is going to have to go back....
...It’s only barely enough for inclusion into the S&P 500....
...This is notwithstanding that a large share of USDT’s reserves comprise short-term U.S. treasury bills and other U.S. dollar cash equivalents....
...Companies that have secured US regulatory approval — including Venture Global and Golden Pass, a joint venture between Exxon and QatarEnergy — and gas traders that have bought gas from projects already under...
...Just look at the rising numbers of sexual assaults on university campuses, the Metropolitan Police WhatsApp groups, and the “Everyone’s Invited” website documenting rape and sexual assault in...
...The company blamed the shortfall on weaker margins in its chemicals business and a hit to its trading business. Read more here....
...Last year was a bumpy one for the oil major. Chevron’s shares fell 17 per cent, compared to a 9 per cent drop for Exxon, which is also due to release results on Friday....
...“Given that their upstream volumes have slowed in the Permian Basin, it’s probably more efficient to acquire the volumes from someone like a Pioneer to feed the oil and natural gas to the refineries, chemical...
...Just over two years ago Exxon’s commitment to invest heavily in oil and gas helped fuel a shareholder rebellion at Exxon, with activist hedge fund Engine No. 1 winning three board seats with a demand that...
...Sure, a CCC-rated PIK bond looks better than a defaulted bond in your portfolio. But, as S&P puts it when explaining why U.S....
...Walt Hart, a lead chemicals researcher at S&P, said ethylene use rates, the amount converted to new materials such as plastic, had fallen to their lowest level in four decades because of “a gross overbuild...
...The intervention by Venkatakrishnan, boss of one of the UK’s biggest banks, comes after years of patchy relations between ministers and industry and frustration in boardrooms over policy U-turns by successive...
...Frankfurt-based asset manager Deka, which is a top 10 shareholder in Munich Re and a top 20 shareholder in BASF according to data from S&P Global, last year adopted a similar voting policy to ISS....
...For his part, James said he was unprepared for some of the effects of Engine No. 1’s proxy victory at Exxon. “I thought we could win the Exxon campaign,” he said....
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