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...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
...It is one of the biggest western refining companies, with 12 plants spread across the US and Europe....
...He has made billions from an unheralded refining and fertilser operation that regularly pumps cash into his publicly listed holding company, Icahn Enterprises, reports DD’s Antoine Gara....
...ExxonMobil was awarded $331.9mn to substitute hydrogen for natural gas at a Baytown, Texas olefins production facility. Consumer goods companies also received support....
...Much of his firepower derives from a humble source: a small oil refining and nitrogen fertiliser company in the US heartland....
...In February 2023, the labour department found that Packers had employed at least 102 children — mostly undocumented migrants — at 13 plants across eight states, from Texas to Minnesota....
...It was backed by several deep-pocketed investors, including BlackRock, US oil refiner Valero Energy and Poet, a top US biofuel refiner....
...Exxon says its integrated model of oil extraction and refining uniquely gives it the scale to squeeze out costs....
...The disclosures relate to its oil production and refining operations there, where the company can trace its history back more than 140 years....
...The company expects to save about $40mn in annual costs from the deal....
...Under-investment is not just a feature of production and mining but can also occur in refining....
...Icahn Enterprises said on Friday that it would cut its payout from $2 to $1 per share, sending stock in the New York-listed company tumbling more than 20 per cent....
...Icahn owns about 85 per cent of Icahn Enterprises, a conglomerate spanning refining and car parts businesses, which also holds a portfolio of hedge fund-style investments that he manages....
...He said the deal made sense in terms of boosting efficiency and ensuring the company had resources that could plug into its large refining and chemicals assets on the Gulf coast....
...Disposals in recent months, like the $800mn sale of a resort in Texas and a $2.2bn sale of a portfolio of self-storage properties announced earlier this month, come as Blackstone is raising cash to prepare...
...Downstream earnings also fell at both groups as refining margins tightened....
...The rebuttal also challenged Hindenburg’s analysis that the holding company’s directly owned assets spanning refining, real estate and auto parts were overvalued....
...The deal, announced on Sunday, will create a company with an enterprise value of $60bn and a sprawling 25,000-mile network of pipelines stretching from North Dakota to Texas....
...Doing so could divide the company’s more than 43,000 employees, he reasons, many of whom work in progressive California or conservative Texas....
...Morgan Stanley has boardroom links to the oil and gas industry too; director Rayford Wilkins Jr is a sitting board member of Texas-based oil refining company Valero Energy....
...executive of large refining company Valero Energy, said in an earnings call last month....
...The company said on Thursday that it would launch the permitting process to add 20 million tonnes per year of gas export capacity at its Sabine Pass LNG plant, up by 74 per cent from the facility’s current...
...Jig is up for ‘Texas two-step’ A landmark court decision could jeopardise Johnson & Johnson’s bankruptcy scheme to manage billions of dollars of legal claims from cancer sufferers, the FT reports....
...Sunoco LP....
...However, investors scored a win at Valero Energy, a fuel refining and retail company, which agreed to make pay changes based on climate without a shareholder vote....
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