Investors – Page 3 – Oil & Gas 360

Investors with $1.4 trillion of assets hit oil companies with climate resolutions

December 20, 2022

World Oil (Bloomberg) —Investors with combined assets of €1.3 trillion ($1.4 trillion) have demanded the world’s biggest oil companies take swifter action to cut greenhouse gas emissions. Shareholder activist group Follow This filed resolutions with Shell Plc, BP Plc, Exxon Mobil Corp. and Chevron Corp., urging them to align their 2030 emissions targets with the Paris Agreement. It was

Investors with $39 trillion urge governments to plan fossil fuel phase out

September 13, 2022

Nasdaq BOSTON/LONDON – Investors managing $39 trillion have called on governments to raise their climate ambition, including setting plans to phase out fossil fuel use and forcing companies to set out science-based transition plans. The move by some – but not all – top fund firms comes ahead of the next round of global climate talks in Egypt in

Oil gains as investors weigh Russian ban and China outlook

May 16, 2022

World Oil (Bloomberg) — Oil climbed, bookending another tumultuous week of trading, as investors weighed the prospect of a European Union ban on Russian crude and uncertainty over China’s virus resurgence. West Texas Intermediate rose 2.7% while gasoline futures hit a record high. Some EU nations said the bloc may have to consider delaying a proposed oil embargo if it can’t get

Exxon to begin certifying some shale gas emissions amid investor pressure

September 7, 2021

Reuters HOUSTON- Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers. The largest U.S. oil company, under pressure from investors and environmentalists to address climate concerns, follows shale producers including EQT Corp in

Saudi Aramco scouting for more deals to offer to investors

August 9, 2021

Nasdaq DUBAI – Saudi Aramco 2222.SE is scouting for other potential deals to offer to investors and unlock capital, Chief Executive Amin Nasser said on Monday after the oil giant in June closed a $12.4 billion deal for its crude pipeline network. “We are looking at the potential for other deals that we are currently in negotiation (about),” Nasser said on a call

EnerCom announces preliminary list of participating companies at the EnerCom Dallas Energy Investment and ESG Conference, April 6-7, 2021

March 16, 2021

EnerCom Announces Preliminary List of Participating Companies at the EnerCom Dallas Energ…

Green is the new black in boom for clean energy funds

November 18, 2020

Reuters LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses. Shares in solar and wind energy businesses, electric vehicle companies and environmental technology pioneers have been on the rise for

Big investors see a great backdrop for stocks as election results roll in

November 5, 2020

CNBC Big-money investors are growing more excited about the stock market as the U.S. election results keep rolling in. CNBC’s Scott Wapner spoke with some major investors who told him we could be on the cusp of a great scenario for stocks as former Vice President Joe Biden leads President Donald Trump and Republicans are expected to keep control of the

As oil bankruptcies surge, vulture investors start their long feast

October 15, 2020

Forbes Bankruptcies abound in America’s oilpatch. So far this year 40 oil exploration and production companies have gone under, according to analysis from lawfirm Haynes & Boone, involving $54 billion in debt. The biggest failure so far, with $11.8 billion in debt remains Chesapeake Energy CHK +1.6%. More Chapter 11s are coming, says corporate restructuring attorney Ken Coleman at Allen & Overy, and “that’s

Rocky October likely after volatile September as investor risks loom

October 1, 2020

CNBC The October market story is really complicated. If you thought September was confusing, October is not likely to be any better, and it could be significantly rockier. That’s because the “buckets” that have moved markets on various days in the past few months are all potentially in play: Elections: Uncertainty over whether there will be a winner on election

Exclusive: International lenders back $9.5 billion financing for Russia’s Arctic LNG 2 – document

September 18, 2020

Reuters LONDON – International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns. The $21 billion project, which received final investment approval a year ago, is expected to be launched in 2023 and

40% of companies discussed diversity on earnings calls, up from 4% in prior quarter, new data shows

August 13, 2020

CNBC Corporate America is turning a critical eye toward its diversity, equality and inclusion policies in the wake of the coronavirus pandemic and the civil unrest that’s swept the nation, new data from RBC shows. The firm found that 40% of S&P 500 companies discussed diversity, equality and inclusion policies during second quarter earnings calls, up from 4% in the

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