Hints and tips:
...SFS uses escalating stages of collections activity during the period of non‐payment to enforce its rights....
...S&P Global considers CVR an important part of its calculation of the conglomerate’s indebtedness....
...“Vladimir Putin is also the CEO of Russia Oil Inc and he understands the dynamics of the market very well,” Yergin said....
...Even shares in Devon Energy, the S&P 500’s best performer last year, remain cheap enough that it could buy back its outstanding shares in less than six years, reckons S&P Global....
...Berkshire, which is the largest component in the S&P 500 value index, has fallen 6 per cent in 2022, far outperforming the 17 per cent decline in the benchmark S&P 500....
...“There are lots of headwinds to increasing production worldwide,” Occidental Petroleum chief executive Vicki Hollub told analysts last week....
...For example, South Korean peers S-Oil and SK Innovation operate plants with the latest crude oil processing technologies that produce cleaner petroleum products....
...Separate filings show the company has increased its stake in energy company Occidental Petroleum in recent months....
...The conglomerate bought $7.7bn worth of shares in oil and gas company Occidental Petroleum and boosted its stake in the oil major Chevron....
...Shareholders in Occidental Petroleum last week overwhelmingly rejected a proposal calling on the company to set more detailed emissions reductions targets....
...The S&P 500, by contrast, has fallen 7 per cent this year....
...Berkshire shares, by contrast, have rallied 18 per cent this year, far outpacing the S&P 500. In 2021, they gained nearly 30 per cent....
...“We had plenty of money on March 20,” he said, referring to the days when the S&P 500 hit its lowest levels of the pandemic....
...All three of Singapore’s Spacs have recently traded slightly below their IPO prices of S$5 each....
...A version of this article was first published by Nikkei Asia on November 30 2021. ©2021 Nikkei Inc....
...While the stock is still underperforming the benchmark S&P 500, the gap between the two has narrowed dramatically since the start of the third quarter....
...Shares in Whiting Petroleum leapt 150 per cent on Monday, sending the stock more than 1,000 per cent above its low in April — the month it filed for bankruptcy....
...Emergency cash-conservation measures taken by Occidental Petroleum and other energy companies may not be enough to stave off credit-rating downgrades, S&P Global has warned, saying it is prepared to take...
...Noble’s debt, included in the acquisition, amounts to almost $9bn against assets currently valued at just over $17bn, according to S&P Capital IQ....
...Last year, he invested $10bn to help Occidental Petroleum finance its purchase of Anadarko....
...Analysts at S&P downgraded the company’s debt on the same day, citing “the strong likelihood the outcome will result in a selective default or Chapter 11 bankruptcy.”...
...this week requested a waiver from a Fresno County, California public pension fund seeking extra time to get its institutional investment grade credit portfolio in order after the downgrades of Occidental Petroleum...
...The company had written down its holding in food producer Kraft Heinz by $3bn last year, she pointed out, while Mr Buffett’s $10bn investment in oil producer Occidental Petroleum was no longer paying a cash...
...Gains across big stock markets in Asia were led by Australia’s S&P/ASX 200, which added 1 per cent....
...Last year Buffett did spot an opportunity to make a $10bn investment in Occidental Petroleum, that pays a handsome $800m annual dividend, much to the chagrin of Carl Icahn....
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