SINGAPORE--(BUSINESS WIRE)--Hafnia Limited ("Hafnia†, the "Company†or "we†, OSE ticker code: "HAFNI†, NYSE ticker code: "HAFN†), a leading product tanker company with a diversified and modern fleet of over 120 vessels, today announced results for the three and twelve months ended 31 December 2025. The full report can be found in the Investor Relations section of Hafnia's website: https://investor.hafniabw.com/financials/quarterly-results/default.aspx Highlights and Recent Activity Fourth Quarter 202 ...

Occidental Petroleum Corporation (NYSE:OXY) has seen a 9% increase in share price following an impressive earnings report.The company has significantly reduced its corporate debt to $15 billion, enhancing its financial stability and future growth potential.Despite a shortfall in revenue, Occidental has increased its oil production and raised its dividend yield by 8%.Occidental Petroleum Corporation, trading under the symbol OXY on the NYSE, is a major player in the oil and gas industry. The company is known ...

Core Insights - Sasol Limited (NYSE:SSL) is identified as one of the undervalued chemical stocks to consider for investment according to hedge funds [1] - Goldman Sachs downgraded Sasol from Buy to Neutral, setting a price target of ZAR 118, citing a weak product price outlook that may limit earnings revisions in the near term [2][3] Financial Performance - Sasol revised its FY26 fuel sales outlook upward to a growth of 5–10% compared to FY25, an increase from the previous forecast of 0–3%, supported by stronger Natref performance and additional production from Prax South Africa [4] - Gas production volumes were revised down to a range of 0–5% below FY25 due to delays and softer demand, while global chemical revenues remain pressured [5] Operational Highlights - The destoning plant in Southern Africa reached beneficial operation in December 2025, with average sinks tracking the lower end of the 12%–14% guidance range, marking a significant milestone in coal quality enhancement [4] - Chemicals Africa showed slight sales volume improvements supported by operational gains, with further ramp-up expected in the second half of FY26 [5] Company Overview - Sasol Limited is a South African energy and chemical company that produces fuels, chemicals, and energy solutions, focusing on innovation and sustainability while exploring advanced technologies to optimize production and reduce environmental impact [6]

The chemical maker halved its quarterly payout to preserve cash as earnings remain under pressure. ...

FOURTH QUARTER 2025 EARNINGS PRESENTATION February 19, 2026 SAFE HARBOR STATEMENT This presentation includes "forward-looking" statements that involve risks and uncertainties that are generally identifiable through the use of words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "should," "will," "may," "outlook," and other words and similar expressions and include projections of earnings. The forward-looking statements in this presentation are made pursuant to the safe h ...

Group 1: Pool Corp - Pool Corp is a robust company with a significant portion of its revenue, 62%, coming from pool maintenance, indicating a strong business model beyond new construction [2] - The company is currently 50% off its all-time high, presenting a buying opportunity despite challenges in the housing market [3] Group 2: Occidental Petroleum - Occidental Petroleum is positioned well due to geopolitical tensions in the Middle East and Venezuela, which are expected to support energy prices over the next two years [3] - The company has diversified operations beyond crude oil, including gas and chemicals, which provides resilience against market fluctuations [3] Group 3: Intuit - Intuit has seen a significant decline, down 50% from its all-time high, but is considered oversold and strategically positioned with partnerships in AI [3] - The company offers a suite of products, including QuickBooks and TurboTax, which are expected to benefit from AI integration [3] Group 4: Duke Energy - Duke Energy is forecasted to meet increasing power demands, with a projected 1.5% growth in gigawatts needed from new data centers [3] - The company has the highest integrated capital expenditure spending in the US regulated energy sector, positioning it well for future growth [3] Group 5: MicroStrategy - MicroStrategy is currently viewed as a sell, being 77% off its all-time high, with concerns about Bitcoin's potential decline through mid-2027 due to yield curve dynamics [3][4] - The company is associated with Bitcoin and blockchain but faces challenges in proving its value as a long-term asset during economic downturns [4][5] Group 6: Bitcoin as Digital Gold - Bitcoin's performance has diverged from gold, raising questions about its status as "digital gold" and its reliability during recessions [4][5] - The regulatory environment surrounding cryptocurrency remains unclear, which adds to the speculative nature of Bitcoin investments [5][6]

Core Insights - U.S. factory production saw a significant increase of 0.6% in January, marking the largest gain in 11 months, following a stagnant December [1][2] - The manufacturing sector, which constitutes 10.1% of the economy, experienced a year-over-year production increase of 2.4% in January [2] - The rise in factory output was broad-based, with durable goods manufacturing output rising by 0.8% and nondurable goods output increasing by 0.4% [4] Manufacturing Sector Performance - Economists had anticipated a production increase of 0.4%, while December's output was revised to a 0.2% rise [2] - Durable goods categories such as machinery, computer and electronic products, and motor vehicles saw notable gains, with motor vehicles and parts rising for the first time since August [4] - Nondurable goods production was bolstered by increases in paper, chemicals, and rubber products [4] Industrial Production Overview - Overall industrial production advanced by 0.7% in January, following a 0.2% increase in December, with a year-over-year growth of 2.3% [5] - Mining output decreased by 0.2%, while utilities production increased by 2.1% due to cold weather conditions [5] Capacity Utilization - Capacity utilization in the industrial sector rose to 76.2% from 75.7% in December, remaining 3.2 percentage points below the long-term average [6] - The operating rate for the manufacturing sector increased to 75.6%, which is 2.6 percentage points below its long-run average [6]

Core Viewpoint - Occidental Petroleum Corporation (NYSE:OXY) is considered a strong investment option under $50, despite recent price target reductions by analysts due to oversupply concerns in the oil market [1][3]. Group 1: Analyst Ratings and Price Targets - Susquehanna analyst Charles Minervino lowered the price target for Occidental from $55 to $51 while maintaining a Positive rating, reflecting the firm's Q4 2025 exploration and production outlook [1]. - Morgan Stanley analyst Devin McDermott also reduced the price target for Occidental from $51 to $50, assigning an Equal Weight rating, and updated the oil price forecast for 2026-27 based on recent strip prices [3]. Group 2: Market Conditions - The oil market is currently oversupplied due to the unwinding of OPEC's voluntary production cuts, coupled with soft global demand growth, which is expected to exert downward pressure on pricing [2]. - Susquehanna has adjusted its 2026 West Texas Intermediate price assumption down to $60 per barrel from $65, indicating a cautious outlook on short-term oil prices [2]. Group 3: Company Overview - Occidental Petroleum Corporation operates in the oil and gas sector, acquiring, exploring, and developing properties both in the US and internationally, with operations divided into three segments: Oil & Gas, Chemical, and Midstream & Marketing [4].

Core Insights - Imperial Oil Limited (IMO) shares closed at $114.34, near its 52-week high of $114.52, reflecting a 66.2% gain over the past year, outperforming the sub-industry's 33.5% and the broader oil and energy sector's 17% increase [1][8] - The company has demonstrated strong operational performance with record production levels and cost leadership in its upstream segment, supported by its diversified portfolio [4][6][9] Performance Comparison - Imperial Oil outperformed its peers, including Gibson Energy Inc. (19.7% gain), Suncor Energy Inc. and Cenovus Energy Inc. (both 38.3% gains) over the past year [2][3] Operational Strength - The company achieved its highest annual production in over 30 years at 438,000 gross oil-equivalent barrels per day in 2025, with core oil sands assets like Kearl and Cold Lake providing long-term volume visibility [6][8] - Upstream cost leadership is evident, with normalized unit cash costs at Kearl below C$20 per barrel, targeting C$18 per barrel, and Cold Lake's costs at C$14.67 per barrel, aiming for C$13 per barrel by 2027 [7][9] Shareholder Returns - Imperial Oil returned over C$4.5 billion to shareholders through buybacks and dividends, with a quarterly dividend increase of 20% to 87 Canadian cents per share, reflecting management's confidence in cash flow durability [10][11] - Despite a strong track record of dividend payouts, the annualized yield of 1.8% lags behind peers like Cenovus Energy (2.8%), Gibson Energy (6.1%), and Suncor Energy (3.2%) [10] Financial Position - The company ended 2025 with C$1.1 billion in cash and stable debt of about C$4.0 billion, maintaining a conservative balance sheet and strong operating cash flow of C$6.7 billion [11] - This financial flexibility allows Imperial Oil to fund growth projects and continue shareholder returns without heavy reliance on external financing [11] Conclusion - Imperial Oil has established itself as a leading Canadian energy producer with record production levels and declining upstream costs, providing strong cash flow visibility [18] - The company's integrated model stabilizes returns during oil price weakness, supported by a conservative balance sheet and ExxonMobil's backing [18] - While near-term earnings per share may soften, the company's cost leadership and shareholder-friendly capital allocation justify a patient investment approach [19]

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Hangzhou CIEC Group Co., Ltd.* 杭州熱聯集團股份有限公司 (the "Company") (A joint stoc ...