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ExxonMobil Raises Guyana Oil Capacity To 900,000 Barrels Per Day
Forbes· 2025-08-08 16:00
Core Insights - ExxonMobil has successfully launched its fourth deepwater project, Yellowtail, which has a production capacity of 250,000 barrels of oil per day (bpd), increasing the total Stabroek capacity to 900,000 bpd, surpassing previous expectations [3][4] - The Yellowtail project is a significant milestone for ExxonMobil and reflects the company's commitment to long-term growth in Guyana, with over 67% of the oil-and-gas workforce being Guyanese and more than 2,000 local businesses involved [4] - The Stabroek operations are on track to reach a production capacity of 1.7 million bpd by 2030, positioning Guyana among the top 15 oil-producing nations globally [4] Company Operations - ExxonMobil operates the Stabroek consortium with a 45% working interest, while CNOOC holds 25% and Chevron owns 30% following a successful arbitration case [6] - The Yellowtail operations utilize the ONE GUYANA floating production, storage, and offloading (FPSO) vessel, which has a storage capacity of 2 million barrels and an initial production capacity of 250,000 bpd [7] Economic Impact - Guyana has become the fastest-growing economy globally since 2020, with the government generating $6.2 billion in revenues by the end of 2024, and projections indicate revenues could reach $10 billion annually by 2030 [8][9] - Cumulative investments by the consortium partners in Guyana have reached $55 billion, with expectations for continued growth as the project expands [9]
Teen Drivers, Dorm Parking, and Insurance: What to Know Before the Fall Semester
Prnewswire· 2025-08-08 16:00
Mercury Insurance Offers Essential Tips to Help Families and Students Stay Protected as the New School Year BeginsLOS ANGELES, Aug. 8, 2025 /PRNewswire/ -- As students prepare to head to college this fall — often with a vehicle in tow — Mercury Insurance is offering expert tips to help families avoid costly surprises and make sure they're covered wherever the road leads."College is an exciting time, but it also comes with new responsibilities — especially when it comes to driving and parking," said Justin Y ...
AAM to Present at the J.P. Morgan 2025 Auto Conference on August 12
Prnewswire· 2025-08-08 16:00
DETROIT, Aug. 8, 2025 /PRNewswire/ -- American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) will participate in the J.P. Morgan 2025 Auto Conference on August 12. AAM is scheduled to webcast the fireside chat presentation at 10:20 a.m. ET. The live audio webcast will be accessible through the Investor Relations page on AAM's website (www.aam.com). A replay of the webcast will be available following the event.About AAMAs a leading global Tier 1 Automotive and Mobility Supplier, AAM designs, enginee ...
Sitryx regains rights to SYX-1042 itaconate mimetic for chronic autoimmune and inflammatory diseases from Lilly following portfolio reprioritization
GlobeNewswire News Room· 2025-08-08 16:00
Sitryx regains rights to SYX-1042 itaconate mimetic for chronic autoimmune and inflammatory diseases from Lilly following portfolio reprioritization Novel, oral candidate with first-in-class potential progresses successfully through Lilly’s Phase 1 clinical trial in healthy volunteers Sitryx reintegrates SYX-1042 into portfolio of novel small molecule candidates targeting major autoimmune indications with high unmet need Oxford, UK – 8 August 2025 – Sitryx Therapeutics (“the Company”), a clinical-stage bio ...
Exelon: Smart Bet For Yield And Surging Demand
Seeking Alpha· 2025-08-08 15:59
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.Growth stocks in the AI space like NVIDIA ( NVDA ) are all the rage, and are priced accordingly. But what about the ‘pick and shovel’ style plays that enable ...
Western Midstream: Highest Midstream Dividend Yield With Appreciation Potential
Seeking Alpha· 2025-08-08 15:58
Western Midstream Partners, LP (NYSE: WES ) is the midstream operator with the highest dividend yield, currently around 9%. Moreover, management expects to continue to increase this dividend at a mid to low singleWith a professional background spanning multiple industries, from logistics, construction to retail, I bring a diverse perspective to investing. My international education and career experiences have provided me with a global outlook and the ability to analyze market dynamics from different cultura ...
Intel CEO responds to 'misinformation' and Trump threat in letter to employees
CNBC· 2025-08-08 15:57
Lip-Bu Tan, CEO of Intel, appears at an event organized by the company.Intel CEO Lip-Bu Tan addressed "misinformation" about his previous roles after President Donald Trump called for his resignation and raised ethical concerns." I want to be absolutely clear: Over 40+ years in the industry, I've built relationships around the world and across our diverse ecosystem – and I have always operated within the highest legal and ethical standards," he wrote in a memo to employees on Thursday.Tan said Intel is work ...
Koppers Delivers Record Q2 Margin
The Motley Fool· 2025-08-08 15:57
Koppers (KOP -14.76%) reported second quarter 2025 results on August 8, 2025, delivering adjusted EBITDA of $77 million (15.3% margin) on sales of $505 million, a 10.4% year-over-year drop in consolidated sales. Despite revenue declines across all core segments, the company achieved a record adjusted EBITDA margin performance of 15.3%, announced a $0.32 per share annual dividend for 2025, up 14% year-over-year, and reduced full-year sales and adjusted EBITDA guidance amid ongoing industry-wide demand weakne ...
C.H. Robinson Worldwide: Don't See Any Strong Reasons To Turn Bullish
Seeking Alpha· 2025-08-08 15:56
Following my coverage on C.H. Robinson Worldwide (NASDAQ: CHRW ) in May, in which I recommended a hold rating as the valuation was not cheap enough yet, this post is to provide an update on my thoughts onI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to compan ...
3 Crypto-Centric Stocks to Grab Before Bitcoin's Next Rally
ZACKS· 2025-08-08 15:56
Market Overview - The cryptocurrency market experienced a rebound, with Bitcoin (BTC) surpassing $116,000, following a period of gains over the past two weeks [1][4] - Bitcoin's recent rally is attributed to news regarding its potential inclusion in retirement accounts or 401(k) plans [1][4] Economic Context - Cryptocurrencies faced pressure due to uncertainties surrounding President Trump's tariffs and a delay in Federal Reserve rate cuts [2][8] - Despite these challenges, Bitcoin maintained a value above $110,000 after reaching an all-time high in June [2] Investment Opportunities - The renewed optimism around Bitcoin presents an opportunity to invest in crypto-focused stocks, specifically Robinhood Markets, PayPal Holdings, and Interactive Brokers Group [3][10] - These companies have shown strong growth potential for 2025 and have experienced positive earnings estimate revisions in the past 90 days [3][10] Company Analysis Robinhood Markets, Inc. - Robinhood operates a financial services platform allowing users to invest in various assets, including cryptocurrencies [10] - The expected earnings growth rate for Robinhood is 39.5%, with a Zacks Consensus Estimate improvement of 22.6% over the past 60 days [11] PayPal Holdings - PayPal provides digital wallet services enabling users to buy, transfer, and sell cryptocurrencies [12] - The expected earnings growth rate for PayPal is 12%, with a Zacks Consensus Estimate improvement of 2.6% over the last 60 days [13] Interactive Brokers Group, Inc. - Interactive Brokers is a global automated electronic broker that facilitates cryptocurrency trading [14] - The expected earnings growth rate for Interactive Brokers is 11.4%, with a Zacks Consensus Estimate improvement of 11.4% over the last 60 days [14] Market Potential - The integration of Bitcoin into 401(k) plans is seen as a significant step towards mainstream crypto adoption, with the U.S. retirement market valued at $43 trillion and nearly $9 trillion in 401(k) plans [5] - This potential inclusion could position Bitcoin as a core component of the financial system and encourage long-term investment in the asset [5]