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...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....
...The report came after oil companies including Shell and BP trimmed back their climate targets this year and hundreds of other companies, including Microsoft, Unilever and JBS, failed to set goals that were...
...According to company filings, the social media company in December cancelled chief executive awards that were tied to the company hitting the ambitious market capitalisation following a stock market debut...
...The former head of Shell, Ben van Beurden, told the Financial Times this month that the oil major was “massively undervalued” in London and could benefit from listing in the US....
...While more oil could come on line this summer from Opec, which next meets to discuss quotas in June, Sen predicted that oil prices would have to rise further first....
...Barrack also warned that, depending on what the cartel does, the oil market could experience “extraordinary” volatility....
...“The company has a very diversified shareholding base of 1,200 . . . compared to the previous generation,” he said....
...elaine.moore@ft.com...
...Curbing exports from Tehran will be difficult: the country is exporting more oil than at any time in six years, our energy editor Malcolm Moore reports....
...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...Companies with high dividend payouts are about to get much more attractive. Lex recommends taking a look at telecoms....
...The revision comes after the company pledged to devote a higher proportion of spending to oil and gas last year, and other oil groups such as BP have slowed their retreat from oil....
...The deal would make Ithaca one of the biggest independent oil producers in the North Sea and could spur further consolidation, as companies seek scale to fund investment and the cost of decommissioning legacy...
...But Moore believes companies can decrease the risks by isolating their critical systems through network segmentation, so that large computer networks are divided into smaller ones, with security protocols...
...The World Bank warns that oil prices could reach $157 per barrel if it has an impact on the wider oil-producing region. Tipping over $150 would set a new record....
...This week, San Francisco grocery delivery company Instacart reported a heart-stopping $2bn loss in its first set of earnings as a public company....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...Social media companies are struggling to contain misinformation emanating from the war between Israel and Hamas....
...High oil prices have left companies such as Exxon with cash to throw around....
...The most famous is, of course, Moore’s Law, which helps explain the exponential increase in computing power that underlies the latest advances in AI....
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