United States

John Benny

Chevron to buy Anadarko for $33 billion in shale, LNG push

Apr 12 2019

Chevron Corp doubled down on its bet on surging U.S. oil and gas output on Friday, saying it would buy shale producer Anadarko Petroleum Corp for $33 billion in cash and stock that will make it the second-largest crude producer in the world. The combined company will produce an estimated 3.9 million barrels of oil equivalent per day (boepd), trailing only Exxon Mobil Corp among publicly traded companies, up from fourth. It expands Chevron's reach in two areas where U.S. energy output is breaking records: shale from the Permian Basin of west Texas and New Mexico, and liquefied natural gas (LNG). These have helped make the United States one of the world's largest energy exporters. | Video

Lululemon forecasts bumper 2019 on online sales boost

Mar 27 2019

Lululemon Athletica Inc on Wednesday forecast full-year profit above analysts' estimates, suggesting that demand for the Canadian clothing chain's yoga wear was showing little signs of slowing, sending its shares up 9 percent in extended trading.

Cannabis maker Aurora picks billionaire investor Peltz as adviser

Mar 13 2019

Canada's Aurora Cannabis Inc on Wednesday tapped billionaire Nelson Peltz as a strategic adviser, betting on the consumer industry-focused veteran to help the recreational marijuana maker chart its expansion into new markets.

Chevron, Exxon take turns wooing investors with shale boasts

Mar 05 2019

NEW YORK The two biggest U.S. oil companies tried to outdo each other on Tuesday, boasting about their prowess in shale to lure investors to their side.

Barrick details proposal to settle Acacia dispute with Tanzania

Feb 20 2019

Canadian miner Barrick Gold outlined on Wednesday details of a deal it reached with the government of Tanzania to settle its disputes with Acacia Mining, including a $300 million payment to resolve tax claims in the country.

Noble Energy to reward investors with more than $500 million cash flow target

Feb 19 2019

Noble Energy Inc on Tuesday outlined a plan to return over $500 million to shareholders by 2020 and lowered its 2019 capital expense forecast in response to a drop in crude oil prices, sending its shares up 5 percent.

UPDATE 3-Bombardier earnings beat on demand for business jets

Feb 14 2019

Feb 14 Canada's Bombardier Inc topped analysts' forecasts for quarterly earnings on Thursday, helped by its business jet unit, which benefited from demand for aftermarket services and higher-priced, large-cabin corporate planes, sending shares up 9.8 percent in early trading.

Bombardier beats earnings forecasts as sales of business jets rise

Feb 14 2019

Canada's Bombardier Inc topped analysts' forecasts for quarterly earnings on Thursday, bolstered by higher sales at its business jets business, which is benefiting from rising global demand for air travel.

Cheap crude helps Marathon quarterly margins, throughput

Feb 07 2019

Marathon Petroleum Corp posted a 56 percent jump in the number of barrels of crude it processed per day during the fourth quarter and the refiner's margins rose, helped by access to cheap oil from Canada and its purchase of rival Andeavor.

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