Oil companies

XPO Logistics Announces Maryclaire Hammond as Chief Human Resources Officer for GXO Logistics Spin-Off

Retrieved on: 
Thursday, April 29, 2021
Companies, Greenwich, Connecticut, XPO Logistics, XPO, Oil companies, Business, Logistics, BP

b"GREENWICH, Conn., April 29, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that Maryclaire Hammond will become the chief human resources officer of GXO Logistics, Inc., the intended spin-off of XPO\xe2\x80\x99s logistics business.

Key Points: 
  • b"GREENWICH, Conn., April 29, 2021 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) today announced that Maryclaire Hammond will become the chief human resources officer of GXO Logistics, Inc., the intended spin-off of XPO\xe2\x80\x99s logistics business.
  • She will be responsible for GXO\xe2\x80\x99s human resources organization when the planned separation is complete.
  • She will be based at GXO headquarters in London.\nHammond joined XPO in 2019 as senior vice president, human resources \xe2\x80\x93 Americas and Asia Pacific and oversees the employment culture of more than 22,000 employees in XPO\xe2\x80\x99s logistics business.
  • She has more than 20 years of human resources experience with Fortune 100 companies, including BP, where she served as human resources director for BP Fuels, North America.

Chevron Increases Quarterly Dividend

Retrieved on: 
Wednesday, April 28, 2021
Maritime, Energy, Transport, Oil, Gas, Dividend, Shareholders, Chevron Corporation, CVX, Oil companies, Chevron, Companies, Stock market

b"The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and thirty-four cents ($1.34) per share, an increase of five cents ($0.05) per share or approximately 4 percent.

Key Points: 
  • b"The Board of Directors of Chevron Corporation (NYSE: CVX) today declared a quarterly dividend of one dollar and thirty-four cents ($1.34) per share, an increase of five cents ($0.05) per share or approximately 4 percent.
  • The dividend is payable June 10, 2021, to all holders of common stock as shown on the transfer records of the Corporation at the close of business May 19, 2021.\nThis increase puts Chevron on track to make 2021 the 34th consecutive year with an increase in annual dividend payout per share.\nChevron is one of the world\xe2\x80\x99s leading integrated energy companies.
  • We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world.
  • Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.

KBRA Releases ESG Research – The Power of the Stakeholder: Oil Majors and Climate Transition Planning

Retrieved on: 
Wednesday, April 28, 2021
Other Professional Services, Other Energy, Oil, Gas, Environment, Finance, Energy, Banking, Professional services, Oil companies, Articles, Companies, Greenhouse gas emissions, Carbon finance, Climate change policy, Carbon dioxide, Climate change denial, Low-carbon economy, ExxonMobil, Chevron Corporation, Carbon neutrality

b'Kroll Bond Rating Agency (KBRA) releases research which examines and contrasts sustainability moves by Royal Dutch Shell and BP, two of the largest European oil companies, against two of the largest in the U.S., Exxon Mobil and Chevron.\nAs global investors increasingly align their investments with environmental, social, and governance (ESG) considerations, oil and gas majors are facing increasing pressure to demonstrate the ability to pivot their business models toward a low carbon future.

Key Points: 
  • b'Kroll Bond Rating Agency (KBRA) releases research which examines and contrasts sustainability moves by Royal Dutch Shell and BP, two of the largest European oil companies, against two of the largest in the U.S., Exxon Mobil and Chevron.\nAs global investors increasingly align their investments with environmental, social, and governance (ESG) considerations, oil and gas majors are facing increasing pressure to demonstrate the ability to pivot their business models toward a low carbon future.
  • Globally, oil and gas operations account for about 9% of greenhouse gas (GHG) emissions and the fuel the industry produces accounts for another 33%.
  • Importantly, although renewable energy is quickly scaling up and prices continue to drop, the fossil fuel industry will be a key component of the global low carbon transition as clean energy technology continues to develop.
  • Key stakeholders including global investors, regulators, and consumers, are pressing major oil and gas companies to disclose relevant metrics and set emissions reduction goals, invest in low carbon technologies, and make net-zero emissions pledges, among other sustainable initiatives.\nClick here to view the report.\n'

Hess Announces Oil Discovery at Uaru-2, Offshore Guyana

Retrieved on: 
Tuesday, April 27, 2021
Professional services, Other Energy, Other Professional Services, Oil, Gas, Energy, Finance, Companies, Oil and gas companies, China National Offshore Oil Corporation, Oil companies, Hess Corporation, CNOOC Limited, ExxonMobil, Hess toys, Mining in Guyana, Petroleum industry in Guyana

ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block.

Key Points: 
  • ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block.
  • Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited, a wholly-owned subsidiary of CNOOC Limited, holds 25 percent interest.\nHess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.
  • Investors are urged to consider closely the oil and gas disclosures in Hess Corporation\xe2\x80\x99s Form 10-K, File No.
  • 1-1204, available from Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary and on our website at www.hess.com .

Leading Pension Funds CalPERS, CalSTRS, and New York State Common Support Engine No. 1’s Campaign to Reenergize ExxonMobil by Voting the WHITE Proxy Card “FOR ALL” of Engine No. 1’s Director Candidates

Retrieved on: 
Tuesday, April 27, 2021
Banking, Professional services, Finance, Climate change denial, ExxonMobil, Rockefeller family, Standard Oil, Companies, Oil companies, Economy of the United States, Banking, Professional services, Finance, Climate change denial, ExxonMobil, Rockefeller family, Standard Oil, Companies, Oil companies, Economy of the United States

We are thankful for their support in helping to ensure ExxonMobil is best positioned to deliver sustainable value to shareholders for decades to come.\xe2\x80\x9d\nEngine No.

Key Points: 
  • We are thankful for their support in helping to ensure ExxonMobil is best positioned to deliver sustainable value to shareholders for decades to come.\xe2\x80\x9d\nEngine No.
  • 1 is an investment firm purpose-built to create long-term value by driving positive impact through active ownership.
  • 1\xe2\x80\x9d), Gregory J. Goff, Kaisa Hietala, Alexander Karsner, and Anders Runevad (collectively and together with Engine No.
  • Certain information included in this material is based on data obtained from sources considered to be reliable.

Oil Refining Market - Global Growth, Trends, COVID-19 Impact, and Forecasts 2021-2026: COVID-19 Coupled with the High Volatility of Crude Oil Prices has Delayed Many Refinery Projects - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 27, 2021
Oil, Gas, Energy, Companies, Oil companies, American brands, Dhahran, Economic history of Saudi Arabia, Saudi Aramco, Petroleum, Sinopec, ExxonMobil, BP, Mobil, Price of oil

The COVID-19 pandemic coupled with the high volatility of crude oil prices has delayed many refinery projects across the globe.\nThe growth in refining capacity is expected to be driven by the increasing demand for petroleum products in the coming years.

Key Points: 
  • The COVID-19 pandemic coupled with the high volatility of crude oil prices has delayed many refinery projects across the globe.\nThe growth in refining capacity is expected to be driven by the increasing demand for petroleum products in the coming years.
  • The recovery in oil consumption trends, driven by lower oil prices, is expected to support the momentum.
  • The refinery is expected to be the world\'s biggest single-train facility, upon commissioning in 2021.
  • Some of the major players operating in the market include Exxon Mobil Corporation, Royal Dutch Shell Plc, Sinopec Corp., BP PLC, and Saudi Arabian Oil Co.\n'

Nueces Midstream Names Nelson Ferries as Executive Vice President of Strategy and Business Development

Retrieved on: 
Monday, April 26, 2021
Energy, Other Energy, Oil, Gas, Oil companies, BP, Companies, Ferry, Nueces Midstream, Tailwater Capital, LLC, NUECES MIDSTREAM, TAILWATER CAPITAL, LLC

b'Nueces Midstream , LLC (\xe2\x80\x9cNueces\xe2\x80\x9d), an energy infrastructure company, today announced that Nelson Ferries joins the company as Executive Vice President of Strategy and Business Development.\nThis press release features multimedia.

Key Points: 
  • b'Nueces Midstream , LLC (\xe2\x80\x9cNueces\xe2\x80\x9d), an energy infrastructure company, today announced that Nelson Ferries joins the company as Executive Vice President of Strategy and Business Development.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210426005883/en/\n\xe2\x80\x9cWe are delighted to welcome Nelson to the Nueces executive team,\xe2\x80\x9d said Wayne Ziegler, Founder and Chief Executive Officer of Nueces.
  • Nelson is a highly respected and accomplished leader in the industry and complements our team well.\xe2\x80\x9d\nAs EVP of Strategy and Business Development, Mr. Ferries will oversee corporate growth strategies and all business development activities.
  • Prior to joining Nueces, Mr. Ferries served as Managing Director for BP Energy\xe2\x80\x99s Producer Services Group from 2003 through 2020.

Akari Therapeutics Reports Full Year 2020 Financial Results and Highlights Recent Clinical Progress

Retrieved on: 
Tuesday, April 20, 2021
Oil companies, BP, Companies, Akari

We have also seen further positive data support development of our back of the eye and surface of the eye programs,\xe2\x80\x9d said Clive Richardson, Chief Executive Officer of Akari Therapeutics.

Key Points: 
  • We have also seen further positive data support development of our back of the eye and surface of the eye programs,\xe2\x80\x9d said Clive Richardson, Chief Executive Officer of Akari Therapeutics.
  • During the year ended December 31, 2020, the Company sold to Aspire Capital a total of approximately $6.0 million of ordinary shares.
  • Akari believes that the dual action of Nomacopan on both C5 and LTB4 may be particularly beneficial in AKC and BP.
  • We caution investors not to place considerable reliance on the forward-looking statements contained in this press release.\n"

Sunoco LP Maintains Quarterly Distribution

Retrieved on: 
Thursday, April 22, 2021
Oil companies, Sunoco, Regions of the United States, Petroleum industry, Energy Transfer Partners, Taxation in the United States, New York Stock Exchange, Tax withholding in the United States

b'DALLAS, April 22, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis.

Key Points: 
  • b'DALLAS, April 22, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2021 of $0.8255 per common unit or $3.3020 per common unit on an annualized basis.
  • The distribution will be paid on May 19, 2021to common unitholders of record on May 11, 2021.\nSUN will release its first quarter 2021 financial and operating results before the market opens on Thursday, May 6.
  • SUN\'s general partner is owned by Energy Transfer Operating, L.P., a wholly owned subsidiary of Energy Transfer LP (NYSE: ET).\nThis release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).
  • Accordingly, Sunoco LP\'s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.\n'

Lightsource bp Signs Power Contract With Amazon for a New 375 Megawatt Solar Project in Ohio to Support Their Operations Locally

Retrieved on: 
Tuesday, April 20, 2021
Alternative energy, Online Retail, Energy, Environment, Retail, Companies, Oil companies, Articles, Lightsource BP, BP, Renewable energy

b'Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon\xe2\x80\x99s long-term commitment to power its global infrastructure with renewable energy.

Key Points: 
  • b'Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon\xe2\x80\x99s long-term commitment to power its global infrastructure with renewable energy.
  • New and established businesses like Amazon are investing in Ohio, and with that investment comes the desire to be able to purchase home-grown Ohio power that\xe2\x80\x99s cost competitive, clean and renewable.
  • It is expected that the Birch Solar Project will be the largest corporate taxpayer in Allen County.
  • "\nLightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp.