Newsfeeds Archive - Page 24 of 246

1 minute read

Shell Shifts Gears in South Africa, Reportedly Exits Downstream Unit

May 6, 2:03 PM

Shell plc is reportedly set to divest a significant portion of its shareholding in a South African downstream unit following a comprehensive review. The move aims to reshape its downstream portfolio, with financial terms undisclosed.

SHEL

1 minute read

Colombia’s Energy Shift: Ecopetrol Reportedly Sails Into Offshore Wind Auction

By Lekha Gupta

May 6, 1:19 PM

Ecopetrol is reportedly analyzing its potential direct participation in the Andean country's first-ever offshore wind auction.

2 minute read

Why KKR Shares Are Trading Higher Today

By Lekha Gupta

May 6, 12:40 PM

KKR forms JV with Healthcare Realty for 12 medical properties worth $382.5M, with potential value of $1B with KKR's $600M commitment.

2 minute read

What’s Going On With Exxon Mobil Shares Today?

By Lekha Gupta

May 6, 11:17 AM

Exxon Mobil acquired Pioneer Natural Resources Company last week, creating a company with 1.4 million net acres and 16 billion barrels of resource. Darren Woods, XOM Chairman and CEO, expects to increase Permian production and recycled water usage.

XOM

2 minute read

Electric Services Company ALLETE Going Green And Private: Details

By Lekha Gupta

May 6, 10:39 AM

ALLETE to be acquired by CPP Investments and GIP for $6.2 billion. Deal expected to close mid-2025.

ALE

1 minute read

What’s Going On With Insurance Company Loews’ Shares Monday?

By Lekha Gupta

May 6, 8:52 AM

Loews Corp reported Q1 FY24 results with net income of $457M, EPS of $2.05, and revenues of $4.23B. CNA & Boardwalk Pipelines also see increases. Loews has $3.2B cash, repurchased 0.9M shares, and has 222.1M outstanding.

ABEQ

1 minute read

Shell Pumps The Brakes in Malaysia, Gas Station Network Reportedly Up for Sale For $1B

By Lekha Gupta

May 6, 7:35 AM

Shell is reportedly in talks with Saudi Aramco to sell its Malaysia gas station business for $1B. Plans to divest 500 stations this year, focus on profitable ventures.

SHEL