BP
Research has revealed the largest legal settlements in history and how much these enormous payouts would be worth in today’s economy. The Top Ten Largest Lgal SettlementsAmong the settlements was the infamous case that saw Volkswagen exposed for deceiving customers by rigging 11 million vehicles to cheat emissions tests. At the time of settlement, the German car manufacturers were ordered to pay $14.7 billion to settle civil charges, as well as reimbursements to those deceived customers. Since the settlement, inflation has dictated that the value of this payout sits at a hefty $18.6 billion, a...
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BP plc (LON:BP)’s total second quarter revenue was 85% higher than last year to $69.5bn, driven by growth across all segments. That includes the benefit of higher energy prices. Underlying profit rose from $2.8bn to $8.5bn. The group announce a dividend of 6.006 cents per share, 10% higher than last year. During the quarter, $2.3bn of share buybacks were executed and the $2.5bn buyback programme is now complete. A new, $3.5bn buyback is expected to complete prior to the announcement of third quarter results. Q2 2022 hedge fund letters, conferences and more The shares rose 3.6% following the an...
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“$20.4 billion is an eye-watering quarterly loss for BP plc (LON:BP) but it’s far from unexpected. The market had already factored in a huge hit due to its Russia exit and now the company has unveiled the price to pay is a big and bold $25.5 billion. That’s the amount it has set aside in pre-tax charges and the cost of extricating itself from Rosneft. Q1 2022 hedge fund letters, conferences and more But surprising on the upside is the boost to underlying profits which came in at $6.2 billion, sharply higher than the consensus expected of around $4.5 billion. The company has been raking in cash...
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Sanctions imposed by the world’s leading economies on Russia amid the Ukraine invasion are triggering an exodus of some of the biggest energy companies. The latest name on the list is Shell PLC (LON:SHEL), which announced it would quit operations in the country, following the steps of BP plc (NYSE:BP). Q4 2021 hedge fund letters, conferences and more Shell’s ExitAs reported by Fox Business, the announcement means the energy giant is canceling its relationship with Russian colossus Gazprom PAO (MCX:GAZP), which owns 50% of the Sakhalin 2 LNG plant —in which Shell holds a 27.5% stake. Shell is a...
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BP plc (LON:BP) reported third quarter revenues of $37.9bn, up 44.2% year-on-year driven by higher oil & gas prices. Q3 2021 hedge fund letters, conferences and more Write-downs in the value of derivatives used to hedge against an oil price fall meant reported profits fell to a $2.9bn loss. However, excluding that underlying profits came in at $3.3bn, up from $86m last year. The group announced a third quarter dividend of 5.46 cents per share, a 4% increase year-on-year. The group also announced plans to buy back $1.25bn of shares before the end of the year, following a $1.4bn buyback announce...
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“BP plc (LON:BP) isn’t quite throwing caution to the wind, but the company’s steady as she goes approach has been infused with optimism as higher oil prices make immediate prospects look brighter. Q2 2021 hedge fund letters, conferences and more BP Is Splashing Surplus CashWith profits for the quarter coming in at $3.1 billion, the company is splashing surplus cash piled up through an annual increase in the dividend by 4% through to 2025 and $1.4 billion in share buy backs. It expects oil prices to linger higher for longer as supply constraints put it in a more bullish mood and reverse previou...
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Revenue is one of the most important parameters for determining the financial health of a company. A company with a consistent (and increasing) stream of revenue is regarded as a good investment option. If you are planning to invest in such companies, then here are the top ten biggest companies in the world by revenue. Q3 2020 hedge fund letters, conferences and more Ten Biggest Companies By RevenueHere are the top ten biggest companies on the basis of 2019 revenue: Founded in 1937, this Japanese company is among the most popular automakers in the world. The company, which is headquartered in ...
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The UK is the sixth largest economy globally, behind only to the U.S., China, Japan, Germany and India. The country is still a great investment avenue, and is home to some of the largest and most popular companies in the world. If you are also planning to invest in UK companies, then to help you make a start, discussed in the article are the top ten public businesses in UK. Q3 2020 hedge fund letters, conferences and more Top ten public businesses in UKFollowing are the top ten public businesses in the UK on the basis of market cap (as of Dec. 11, 2000): Reckitt Benckiser deals in health, hygi...
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Whitney Tilson’s email to investors discussing BP says the era of oil-demand growth is over; is ExxonMobil still a classic value trap?BP: The Era Of Oil-Demand Growth Is Over1) Today, global energy giant BP (BP) wrapped up its three-day investor event, in which it "said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more."This is a big deal, as this Bloomberg article highlights: BP Says the Era of Oil-Demand Growth Is Over. Excerpt:Oil consumption may never return to levels seen before the coronavir...
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