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6 Dividend Increases Expected In August 2024
Seeking Alpha· 2024-07-30 11:05
PM Images Why Dividend Increases Matter Actual Dividend Increases in July 2024 1. Stanley Black & Decker (SWK): 1.2% (BELOW Five-Year Average of 4.18%) 2. Cummins (CMI): 8.3% (ABOVE Five-Year Average of 8.08%) 3. J.M. Smucker (SJM): 1.9% (BELOW Five-Year Average of 4.51%) 4. Hershey's (HSY): No dividend increase as of 7/29/24 5. Cintas Corp. (CTAS): 15.6% (BELOW Five-Year Average of 21.37%) 6. Mondelez International (MDLZ): No dividend increase as of 7/29/24 7. Norfolk Southern Corp. (NSC): Did not announce ...
2 oil stocks Nicolás Maduro endorses
Finbold· 2024-07-29 14:14
After Nicolás Maduro won the presidential elections in Venezuela with strong challenges coming from the opposition, which believes the real results are different, the public has become more interested in which oil stocks he endorses, particularly considering the country's struggling oil industry. Indeed, Maduro's government has presided over an economic crash, a massive migration of Venezuela's population, as well as weakening diplomatic relations, leading the returning president to vow to make Venezuela le ...
BP Secures Funding for Advanced Green Hydrogen Plant in Germany
ZACKS· 2024-07-17 15:40
SM Energy Company (SM) is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company's attractive oil and gas investments should create long-term shareholder value. The Zacks Consensus Estimate for SM's 2024 and 2025 earnings per unit is pegged at $7.15 and $8.79, respectively. The company has a Zacks Style Score of A for Value. It has witnessed upward earnings estimate revisions for 2025 in the pa ...
BP's Energy Outlook 2024: Navigating the Future of Energy
ZACKS· 2024-07-15 13:57
Both scenarios predict a substantial increase in renewable energy capacity, particularly from wind and solar power. Under the Current Trajectory, wind and solar capacity is expected to grow eightfold by 2050 compared to the 2022 levels. In the Net Zero scenario, this expansion is even more dramatic, with a 14-fold increase. This rapid growth is supported by continuing declines in technology and production costs, making renewables increasingly competitive with traditional energy sources. You can see the comp ...
英国石油公司2024 年能源展望
-· 2024-07-14 06:13
bp Energy Outlook: 2024 edition bp Energy Outlook: 2024 edition Introduction to Energy Outlook 2024 更多资料加入知识星球:水木调研纪要 关注公众号:水木纪要 Introduction | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
BP (BP) Advances But Underperforms Market: Key Facts
ZACKS· 2024-07-10 23:06
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. For the full year, the Zacks Consensus Estimates project earnings of $4.72 per share and a revenue of $241.74 billion, demonstrating changes of -1.26% and +13.48%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for BP. These revisions typically reflect the latest short-term business trends, which can change freq ...
BP Faces $3B Hit in 2Q24 Amid Refining Challenges & Low Demand
ZACKS· 2024-07-10 14:01
BP plc (BP) is bracing for a substantial financial setback as it prepares to report its second-quarter 2024 results. The company anticipates a $3-billion (£2.3 billion) hit due to reduced demand for fuels, which has affected its refining business. BP's upstream production in the second quarter is projected to remain broadly flat compared with the prior three months, with oil and gas production standing at 2.38 million barrels of oil equivalent per day (Boe/d) in the first quarter. This stability follows the ...
BP's Q2 Estimates Downgraded, But This Analyst Anticipates 10% Dividend Hike And Continued Buybacks
Benzinga· 2024-07-09 15:45
RBC Capital Markets analyst Biraj Borkhataria updated estimates of BP p.l.c. BP following its second-quarter trading update release this morning. The analyst rates BP with an Outperform rating and a 650p price target. Thus, the analyst cut the Gas and low-carbon operating profit estimate from $2.4 billion to $1.6 billion. Ahead of the results, the analyst continues to expect BP to raise its dividend by 10% and confirm buybacks totaling $1.75 billion per quarter for the next six months. Disclaimer: This cont ...
BP Slides After Projecting Up To $2B in Q2 Impairment Charges
Investopedia· 2024-07-09 13:30
Key Takeaways BP (BP) American depositary receipts (ADRs) fell in premarket trading Tuesday after the energy giant said that it expects lower refining margins and an impairment charge of up to $2 billion will impact its second-quarter results. BP Joins Exxon in Warning About Refining Margins Exxon Mobil (XOM) on Monday said that lower refining margins would cause its second-quarter profits to be between $1.1 billion to $1.5 billion lower. The company also expects lower natural gas prices to cause a hit of a ...
BP shares drop 3% after warning of up to $2 billion impairment, weak refining margins
CNBC· 2024-07-09 07:19
BP in 2020 set out its ambition to become a net zero company "by 2050 or sooner." The energy firm also expects to record post-tax asset impairments and contract provisions in the range of $1 billon to $2 billion in the second quarter. The hit includes charges relating to BP's ongoing review of its Gelsenkirchen refinery in Germany. The firm is targeting at least $2 billion in cash cost savings by the end of 2026. Weaker margin in fuels and lower gas and oil prices impacted BP's results in the first quarter, ...