Companies & CEOs
Chevron closes 2021 with net profit - 01/31/2022
Chevron, the second-largest US oil and gas company, posted a net profit of $15.625 billion last year after a loss of $5.543 billion a year earlier, the company said in a statement. Diluted earnings per share were $8.14 against a loss of $2.96 a year earlier. The company's total revenue jumped 1.7 times to $162.465 billion. Meanwhile, Chevron's average production was 3.099 million barrels of oil...
File-sharing service WeTransfer cancels IPO due to market volatility - 01/28/2022
One of the first major IPOs in Europe this year was derailed by market volatility. Dutch file-sharing service WeTransfer announced it had cancelled its listing the day before the start of trading. File-sharing service WeTransfer has cancelled its IPO on the eve of its listing on the Euronext stock exchange in Amsterdam. This is according to the company's website. WeTransfer attributed the...
Deutsche Bank quadruples net profit in 2021 - 01/27/2022
Deutsche Bank, Germany's largest bank, posted a net profit of €2.51 billion last year, a fourfold year-on-year increase and the highest since 2011, according to the credit institution's accounts. Net profit attributable to shareholders rose to €2.365 billion, up 4.8 times from a year earlier. Diluted earnings per share amounted to €0.96 after €0.07 a year earlier. Revenue rose 6 percent to €25.41...
Toyota halts a number of lines at plants in Japan again - 01/25/2022
Toyota, one of Japan's largest carmakers, has once again announced the suspension of production at 19 lines in 11 plants inside the country due to the coronavirus, as well as a partial shortage of components. According to the company’s press release, operations will be halted on 25 and 26 January. "We are notifying you of an additional suspension of production lines at the plants in January due...
Halliburton reports net profit for 2021 - 01/25/2022
US oilfield services company Halliburton Inc. posted a net profit of $1.469 billion last year, following a loss of $2.942 billion a year earlier, the company said. Net income attributable to the parent company was $1.457 billion, compared with a loss of $2.945 billion a year ago. Net income per common share for the period was $1.63 after a loss of $3.34 a year earlier. The company posted revenues...
Peloton to suspend production due to lower demand - 01/24/2022
According to CNBC, Peloton will halt production of exercise bikes and treadmills for two months in February and March, as evidenced from internal documents of the company. Peloton cited poor demand and fierce competition as reasons for its decision. Until June, the company has halted production of an enhanced version of its Bike+ fitness equipment. Peloton will also stop producing the Tread+...
China's Sinopec fixes terms for developing Mansouria oilfield in Iraq - 01/21/2022
Iraq's State Oil Marketing Organization (SOMO) and China's Sinopec have initialed an agreement to jointly develop the Mansouria gas field with a planned production rate of 300 million cubic feet per day (about 8.5 million cubic metres), the Iraqi Oil Ministry said on Thursday. The Mansuriya field is located in the Diyala province in northeastern Iraq and has gas reserves of around 4.5 trillion...
P&G's net profit rises in the first half of the year - 01/20/2022
U.S. Procter & Gamble (P&G), one of the global leaders in consumer products, posted a 2.1% year-on-year increase to $8.368 billion in net profit for the first half of fiscal year 2021-2022, ending Dec. 31, according to the company's financial statements. P&G's net profit for the second quarter of the fiscal increased 9% year on year to $4.242 billion, while profit attributable to...
Emirates to cut number of flights to US due to 5G rollout - 01/19/2022
Emirates airline Emirates has said it will reduce the number of flights to the US due to the deployment of 5G cellular network infrastructure near a number of US airports. "Emirates will suspend flights to the following US destinations from 19 January 2022 until further notice," the carrier said in a statement. According to the text, the decision is taken due to "concerns related to the planned...
Over 70 global brands call for a pact to fight plastic pollution - 01/18/2022
Big brands including Pepsico, Coca-Cola, Walmart, Unilever, Nestle and others have called for a global pact to fight plastic pollution. More than 70 multinational companies have called for a global agreement to fight plastic pollution. Among the signatories to the joint statement are Coca-Cola and Pepsico, Unilever and Nestle, retail chain Walmart and French bank BNP Paribas, reports...
