Year: 2020

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Noble Energy shareholders approve $4.2 billion sale to Chevron

October 2, 2020 admin Comments Off on Noble Energy shareholders approve $4.2 billion sale to Chevron

Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp , making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.2 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand. The addition of Noble will boost Chevron’s U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy. …read more […]

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Supreme Court takes up energy companies' appeal over Baltimore climate suit

October 2, 2020 admin Comments Off on Supreme Court takes up energy companies' appeal over Baltimore climate suit

The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for the impact of global climate change. The justices will weigh whether the lawsuit must be heard in state court as the city would prefer or in federal court, which corporate defendants generally view as a more favorable venue. …read more […]

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3 Big Dividend Stocks Yielding Over 7%; Compass Point Says ‘Buy’

October 2, 2020 admin Comments Off on 3 Big Dividend Stocks Yielding Over 7%; Compass Point Says ‘Buy’

President Trump’s announcement that he has tested positive for the corona virus has grabbed headlines, but the dog that didn’t bark presents a more interesting point. Wall Street isn’t so worried about corona virus anymore; the perception is, that the virus will fade away or a vaccine will be developed, but in either case, the economy will improve.According to an RBC survey of portfolio managers, however, the coming November election presents a clear risk to the markets. A large majority of investors surveyed, 76%, worry that the election will be contested, resulting in weeks – possibly months – on uncertainty. …read more […]

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Ryanair says priority is current Boeing 737 MAX order

October 2, 2020 admin Comments Off on Ryanair says priority is current Boeing 737 MAX order

Ryanair is prioritising getting a current order of up to 210 of Boeing’s troubled 737 MAX aircraft in the sky next year, the chief executive of its main airlines business said on Friday in response to a report that it was looking to buy more planes. The Irish Independent newspaper reported that Ryanair, one of the largest customers for the jet that was grounded worldwide in early 2019, is eyeing an order for between 150 and 200 MAX aircraft, potentially by the end of the year. …read more […]

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Tesla Deliveries at 139,300 for Quarter, Exceeding Estimates

October 2, 2020 admin Comments Off on Tesla Deliveries at 139,300 for Quarter, Exceeding Estimates

(Bloomberg) — Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales.The Palo Alto, California-based carmaker delivered 139,300 cars, eclipsing its prior all-time high of 112,000 in the fourth quarter of 2019 and above the 129,950 projected by analysts surveyed by Bloomberg.Shares of Tesla, which have rallied more than 435% this year, pared losses in early trading after announcing the sales data. The stock was down 3.9% in premarket trading Friday to $430.28 as of 8:33 a.m. in New York, part of a broad selloff of stocks …read more […]