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...AstraZeneca’s chair has hit out at proxy advisers for “double standards” that “do serious harm” to the competitiveness of UK companies, after more than a third of the company’s shareholders voted against...
...China relies on Iran for about a tenth of its oil imports but processes the oil not through its state-owned oil and gas companies but through smaller, private, refineries....
...Turkey has not banned its companies from dealing with Russian oil, so GTS is not breaking any rules by receiving the cargoes....
...Pursuing the political agenda arguably harms these companies since those that are best prepared for a fossil fuel-free future arguably create a competitive advantage compared with the fossil energy-dependent...
...“Continuing regulatory challenges” would contribute to a non-cash charge of $3.5bn-$4bn, the oil company said, reflecting a writedown in the value of its US upstream oil and gas assets, primarily in California...
...“But it leads to a misallocation of capital if you favour one company over others.”...
...“Continuing regulatory challenges” in California will contribute to a non-cash charge of $3.5bn to $4bn, the oil company said, reflecting a write down in the value of its US upstream oil and gas assets,...
Despite the trusts’ efforts, their shares continue to trade at discounts to net asset value
...Another measure involves introducing multi-voting rights as part of initial public offerings, so that founders of start-ups do not have to lose control of their companies, a rule meant to help Paris compete...
...Bringing this oil to market will cost billions of dollars. It may well sell down its stake to an international oil company....
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
...“This case aims to ensure that oil and gas companies finally make these wells safe, and shut down a system that harms property owners, worsens the climate crisis and sticks taxpayers with a giant clean-up...
...The problem is not experimentation in itself, which can be useful to help companies make data-driven decisions....
...It has also raised concerns among local Democrats, who warn a policy designed to appeal to young climate-conscious voters could harm Biden’s campaign in a state that produces a fifth of America’s natural...
...The governor of the Nizhny Novgorod region in central Russia said a drone struck the Kstov industrial zone, causing a fire at an oil refinery owned by Lukoil, the largest non-state owned Russian oil company...
...In 2022, the company turned a net profit of around $6bn for the first time in a decade thanks to higher oil prices and a reduced tax burden....
...Van Beurden spent 39 years at the oil major. Daniel Berenbaum joins US fuel cell company Bloom Energy as chief financial officer, succeeding Greg Cameron....
...These double standards cannot easily be justified, and do serious harm to the competitiveness of global companies based in the UK. Key shareholders tell us they stand behind our remuneration approach....
...oil sector....
...The short-term swings on Friday showed the markets were in an “agitated” state, said Viktor Katona, head of oil analysis at Kpler, an energy data and research company....
...While we’ve been watching Nvidia and other sparkly tech stocks, oil has been sneaking up to touch $90 a barrel. Today on the show, we talk about oil supplies, demand and the role of geopolitics....
...innovation officer Leigh-Ann Russell is leaving for an external job after 18 years at BP, while Anja-Isabel Dotzenrath, who joined in 2022 to head BP’s gas and low-carbon business, will retire, the FTSE 100 oil...
...Australia’s largest oil and gas developer has launched a staunch defence of its climate plan ahead of a potentially damaging vote on the issue at its annual meeting next week....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
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