Sunday, November 24, 2024
Promoting excellence over politics in corporate boardrooms: Strive launches campaign ahead of proxy voting season- oil and gas 360

Promoting excellence over politics in corporate boardrooms: Strive launches campaign ahead of proxy voting season

Oil and Gas 360 Strive identifies seven iconic American companies that risk prioritizing ESG over excellence. In early December, Strive will select a subset of these companies as its focus for next spring’s proxy voting season.       Oct. 25, 2022- COLUMBUS, OH – Today Strive Asset Management (Strive) launched its excellence campaign at the start of shareholder proposal and board nomination season.

BlackRock raises $4.5 billion for climate fund amid fossil fuel criticism-oil and gas 360

BlackRock raises $4.5 billion for climate fund amid fossil fuel criticism

Oil Price BlackRock said it had raised $4.5bn (£3.97bn) for a new climate infrastructure fund today as it looks to ramp up investment in the net zero transition amid criticism of its decision to continue backing oil and gas firms.   The world’s biggest asset manager, which has around $8tn under its stewardship, said it had secured backing from public

Exxon makes more oil and gas discoveries offshore guyana- oil and gas 360

Exxon makes more oil and gas discoveries offshore guyana

Oil Price U.S. oil and gas major Exxon Mobil (NYSE: XOM) has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, bringing discoveries on the block to more than 30 since 2015.   Exxon revealed that the Sailfin-1 well was drilled in 4,616 feet of water and encountered 312 feet of

Gas price crisis overshadows a crisis in oil prices- oil and gas 360

Gas price crisis overshadows a crisis in oil prices

Oil Price There has been so much media space dedicated to the gas supply troubles of the European Union and the associated spillover effect for developing economies that another fossil fuel problem has remained relatively unnoticed: oil prices.   Oil prices have been on a general decline over the past couple of months, shedding about 30 percent from the peaks

Oil producer Hess tops profit estimates on stronger energy prices- oil and gas 360

Oil producer Hess tops profit estimates on stronger energy prices

Yahoo Finance Hess Corporation HES has reported third-quarter 2022 earnings per share of $1.89, beating the Zacks Consensus Estimate by a penny. The bottom line improved from the year-ago quarter’s 28 cents per share.     Total quarterly revenues increased to $3,157 million from $1,811 million a year ago. The top line also beat the Zacks Consensus Estimate of $2,939 million.

U.S. accelerates three-tier plan to reduce oil prices- oil and gas 360

U.S. accelerates three-tier plan to reduce oil prices

Oil Price The immediate aftermath of the 1973/74 oil embargo in which Saudi Arabia led its OPEC brothers to block oil exports to the U.S., the U.K., Japan, Canada, and the Netherlands – causing oil prices to spike from around US$3 per barrel (pb) to nearly US$11 pb and stoking the fire of a global economic slowdown in the West – was