What’s Going On With Blackstone Stock Today?
Blackstone to sell Turtle Bay Resort for $725 million, expected to close Q3 2024.
Tellurian Eyes Debt Reduction, Divests Integrated Upstream Assets To Aethon
Aethon Energy Management announces $260M deal for Tellurian's assets and 2 mtpa LNG purchase agreement from Driftwood LNG plant.
ConocoPhillips Acquires Marathon Oil In All-Stock Deal at 14.7% Premium: Details
Marathon Oil shares up 7.45% and ConocoPhillips shares down 3.56% after deal announcement for ConocoPhillips to acquire Marathon Oil for $22.5 billion in all-stock transaction.
DuPont’s Strategic Split Could Unlock Value, But PFAS Risks Loom Large, Says BofA Analyst
BofA Securities analyst raises DD's price target from $74 to $80, reiterating underperform rating. Split into 3 companies may increase valuations.
Danaos Navigates Rough Waters: Q1 Earnings Fall Short Despite Revenue Growth And Strategic Expansions
Danaos reported Q1 FY24 results with operating revenues up 4.0%, adjusted EBITDA down, EPS missed consensus, and a declared dividend.
Why Elbit Systems Shares Are Down Today
ESLT shares down 2.9% after reporting Q1 FY24 results, revenue of $1.554B, backlog of $20.4B, and dividend of $0.50 per share.
Energy Transfer Expands Permian Presence With $3.25B Acquisition: Details
Energy Transfer LP to acquire WTG Midstream Holdings LLC for $3.25 billion in a deal that is expected to boost natural gas infrastructure in Permian Basin.
Why Brazilian Oil Company Petrobras Stock Is Higher Today
Petrobras' new chief executive officer Magda Chambriard reportedly stated that a basin in Brazil's Equatorial Margin was a matter of "national interest." On Friday, Petrobras appointed Magda Chambriard as a member of the Board of Directors and elected her as the company's new CEO. She replaced prior CEO Jean Paul Prattes, who had resigned amid a dispute over dividend payments.
Investors Fear Exxon Lawsuit Hinders Sustainability Proposals: Report
A group of institutional investors worth $4.4T urges companies to stop suing shareholders over proposals, citing long-term harm and SEC intervention.
Mining Rivals Join Forces: Rio Tinto & BHP Partner On Electric Truck Trials
BHP and Rio Tinto collaborate on testing battery-electric haul truck technology in Pilbara, Western Australia, in line with net zero emissions goal.