Archives for October 2019
Oil falls as U.S.-China tensions escalate before trade talks
Oil fell again, erasing earlier gains, as economic tensions between the U.S. and China flared ahead of talks aimed at resolving their long-running trade feud. Source: FuelFix
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Big Oil’s renewable shift seen flooding shareholders with cash
Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy. Source:...
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Big Oil is selling dirty assets, but they aren’t going away
When BP Plc announced its historic exit from Alaska, Chief Executive Officer Bob Dudley pointed to an extra perk from the $5.6 billion sale: a significantly lower carbon footprint. Source: FuelFix
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Corporate funding for solar projects up 34 percent year over year
Total corporate funding for solar projects, including venture capital, private equity, public investments and debt financing in the first nine months of the year totaled $9 billion, compared to $6.7 billion for the same period...
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ConocoPhillips hikes dividend nearly 40% amid weak oil prices
ConocoPhillips announced a nearly 40 percent increase in dividends to help instill confidence in the company on Wall Street amid subdued oil prices and a slowing energy sector. Source: FuelFix
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