Bunge Global SA (BG) , along with Chevron Corporation (CVX) , announced the approval of a final investment decision for the joint venture, Bunge Chevron Ag Renewables LLC, to develop a new oilseed processing plant. Building the new facility is a further step forward in BG's long-term strategy to scale up its capabilities for the renewable fuels industry while lowering carbon intensity.The processing facility intends to expand the joint venture’s scale and efficiencies, allowing the two companies to more eff ...

ST. LOUIS & SAN RAMON, Calif.--(BUSINESS WIRE)--Bunge (NYSE:BG) and Chevron (NYSE: CVX) today announced approval of a final investment decision for their joint venture Bunge Chevron Ag Renewables LLC to build a new oilseed processing plant adjacent to its existing processing facility located on the Gulf Coast in Destrehan, LA. The announcement was celebrated with a groundbreaking event at the site. The plant features a flexible design, intended to allow it to process soybeans as well as softseeds, includ ...

WeedOut's green solution for outsmarting resistant weeds supports improved yield, reduced herbicide needNESS ZIONA, Israel, Feb. 20, 2024 /PRNewswire/ -- Ag-tech start-up WeedOUT, Ltd., announces it has secured USD8.1 million in A-round funding. Leading the round is Fulcrum Global Capital, a prominent US agri- focused VC with ties to a vast network of farmers across the US. The infusion of new capital will advance the company's mission to combat weed resistance through its breakthrough green solution. Ag ...

Bunge Global SA (BG) reported fourth-quarter 2023 adjusted earnings of $3.70 per share, which surpassed the Zacks Consensus Estimate of $2.79. The bottom line improved 14% year over year.Including one-time items, the company posted earnings per share of $4.18 in fourth-quarter 2022 compared with $2.21 in the year-ago quarter.Net sales were $14.94 billion in the quarter under review, down 10.3% from the year-ago quarter. The top line beat the Zacks Consensus Estimate of $14.64 billion.Cost of sales was $13.7 ...

Bunge Global (BG) reported $14.94 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 10.4%. EPS of $3.70 for the same period compares to $3.24 a year ago.The reported revenue represents a surprise of +2.04% over the Zacks Consensus Estimate of $14.64 billion. With the consensus EPS estimate being $2.79, the EPS surprise was +32.62%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Bunge Global (BG) came out with quarterly earnings of $3.70 per share, beating the Zacks Consensus Estimate of $2.79 per share. This compares to earnings of $3.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32.62%. A quarter ago, it was expected that this agribusiness and food company would post earnings of $2.37 per share when it actually produced earnings of $2.99, delivering a surprise of 26.16%.Over the last four quart ...

ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) will announce its results for the quarter ended December 31, 2023, on Wednesday, February 7, 2024, prior to the market opening. The Company’s management will also host a conference call at 7:00 a.m. Central Time to discuss the results. A slide presentation to accompany the discussion will be posted on www.bunge.com. To access the webcast, go to “Events & Presentations” under “News & Events” in the “Investor Center” section of the company’s website. Sel ...

STAMFORD, Conn., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation ("Finacity"), a White Oak Company, today announced that it has facilitated an increase from $1.1 billion to $1.5 billion of the commitment capacity, with an accordion feature of an additional $1 billion, for the Accounts Receivable Securitization Program ("Program") of Bunge Global SA ("Bunge"), a leading global agribusiness and food company. As part of the process, Finacity also supported the addition of 2 new seller countries, Mexico ...

Company Participants John Neppl - Chief Financial Officer Benjamin Theurer - Barclays Steven Haynes - Morgan Stanley Thank you, operator, and thank you for joining us this morning for our third quarter earnings call. Before we get started, I want to let you know that we have slides to accompany our discussion. These can be found in the Investors section of our website at bunge.com under Events and Presentations. Reconciliations of non-GAAP measures to the most directly comparable GAAP financial measures are ...

Gregory Heckman Operator Operator Operator Slide 9 highlights our liquidity position. At quarter-end all $5.7 billion of our committed credit facilities was unused and unavailable, providing a sample liquidity to manage our on-going capital needs. And working with our key banking partners, we also recently secured $8 billion in the form of term loan commitments to fund our combination with Viterra. Over the last several years, weÂ've seen more volatility in the market, and weÂ're all managing through challe ...