Hints and tips:
...People are spooked about emerging markets, you know, and ever since the Rothschilds, it’s been a cliché that one should buy to the sound of cannons. Well there’s a few cannons. The emerging world....
...Still, the company raised its full-year production guidance, with chief executive Vicki Hollub touting “a strong second half of 2023”....
...Analysts had expected $7.4bn and $1.2bn respectively, according to S&P Capital IQ....
...“I felt like the media unfairly characterised Vicki personally,” said Katie Mehnert, chief executive of Ally Energy....
...The company was the S&P 500’s best performer last year and earned $12.5bn in profits....
...But while Occidental CEO Vicki Hollub’s pay increased by 35 per cent as the company’s shares doubled in 2022, CEO pay at Marathon was flat for the year and pay at Schlumberger dipped 6.4 per cent....
...It starts with 19th-century cannons lying around, and the Mark VIII torpedo in the square, designed in Weymouth and used all over the world — most recently on the cruiser General Belgrano during the Falklands...
...How the ‘dumbest deal in history’ actually paid off When Occidental Petroleum boss Vicki Hollub orchestrated a $10bn financing deal with Warren Buffett to buy Anadarko Petroleum in April 2019, it flabbergasted...
...S&P Global releases its composite August US PMI and a final reading for business activity in the private sector last month....
...Record 2022 earnings of $12.5bn suggest Vicki Hollub’s bet on scale with the purchase of Anadarko — though initially disastrous — might be beginning to pay off....
...“We don’t feel the need to grow production,” said the company’s chief executive Vicki Hollub. “We feel like one of the best values right now is investment in our own stock.”...
...For him, a 6 to 8 per cent annual return across all his investments is acceptable (the S&P 500’s historical average is about 10.5 per cent)....
...“There are lots of headwinds to increasing production worldwide,” Occidental Petroleum chief executive Vicki Hollub told analysts last week....
...Perhaps the idea is that banking clients are like a crew of pirates, sailing round the Spanish Main and continuing to plunder booty until their cannons run out?...
...To support the rupee, Sri Lanka’s new central bank governor P Nandalal Weerasinghe on Friday raised deposit and lending rates by 7 percentage points....
...Cannon-Brookes and Farquhar have both set up venture capital funds to support Australian start-ups....
...Companies in the US S&P 500 index built up an additional $1.3tn of cash on their balance sheets last year, according to data from S&P Capital IQ....
...One thing to start: Vicki Hollub, Occidental Petroleum’s chief executive, says her company is doing more to reduce carbon emissions than Tesla....
...Last week rating agency S&P downgraded $37bn of its debt to junk status, citing the high leverage Occidental has taken on since buying Anadarko for $56bn last summer....
...Wall Street reacted by dumping its stocks, making the sector one of the S&P 500’s smallest....
...In the same period, the market value of the S&P 500 energy sector rose just 2 per cent....
...The cuts announced by US companies have reduced the total dividends expected from members of the S&P 500 this year by almost $10bn, or 1.9 per cent, said Howard Silverblatt, senior index analyst for S&P...
...Nordics P&C exposure through If P&C and Topdanmark supports around 60% of Sampo’s dividend, where this is expected to remain stable....
...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....
...“We’re sitting on a precipice of a lot of E&P [exploration and production industry] restructuring right now....
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