Image source: The Motley Fool Billionaire investor Warren Buffett owns a variety of US stocks via his company Berkshire Hathaway. He has an incredibly strong track record of performance, meaning that I keep a close eye on the companies he buys and sells. One stock he owns recently received a reiteration of a Buy recommendation from a leading investment bank. Here are the details. Broker forecasts The research team at Goldman Sachs came out at the start of October to note it still rates Bank of America (NYSE:BAC) as a Strong Buy. This is the highest form of recommendation that…
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By Seher Dareen (Reuters) -Chevron is selling its assets in Athabasca Oil (OTC:) Sands and Duvernay Shale to Canadian Natural (NYSE:) Resources for $6.5 billion, the oil giant said on Monday as it puts in motion its divestiture plan. The all-cash transaction, which is expected to close in the fourth quarter, is a part of its strategy to divest $10 billion to $15 billion of assets by 2028. The assets, located in Alberta, Canada, contributed 84,000 barrels of oil equivalent per day (boepd) of production to Chevron (NYSE:) in 2023. The Duvernay is one of Canada’s top shale plays and…
A 62-year-old woman calculates how much she would pay in taxes on a $100,000 Roth conversion. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Retirees with significant assets often have to plan around required minimum distributions (RMDs).If you already have sufficient income and don’t need the money in a pre-tax portfolio, annual RMDs can cost you significantly in otherwise-unnecessary taxes. For example, say that you have $1 million in a 401(k). The IRS could require you to withdraw tens of thousands of dollars from this account each year, taxing all of it.…
Google is considering nuclear energy as a potential solution to meet its ambitious 2030 net-zero emissions goals, according to CEO Sundar Pichai. In a recent interview with Nikkei, Pichai revealed that the company is exploring various clean energy investments. These particularly include traditional renewables like solar and innovative technologies such as small modular nuclear reactors. This move is part of Google’s strategy to reduce its carbon footprint while addressing the growing energy demands of its expanding artificial intelligence (AI) operations. Google’s Energy Dilemma: AI vs. Carbon Emissions In 2023, Google’s total greenhouse gas (GHG) emissions rose to 14.3 million tCO2e…
The UK government recently announced a massive £22 billion investment into carbon capture and storage (CCS) projects over the next 25 years. The technology aims to capture carbon emissions from power plants and heavy industries before storing them underground. While this move aligns with the UK’s ambition to achieve net zero by 2050, experts question whether this strategy will lock the country into fossil fuel dependence for decades. Prime Minister Keir Starmer recently reaffirmed the government’s commitment to CCS. “Today’s announcement will give industry the certainty it needs – committing to 25 years of funding in this groundbreaking technology –…
Image source: Getty Images It’s been a tough year for Close Brothers Group (LSE:CBG). The FTSE 250 business has seen a share price drop of 56% over this period. Considering that the index as a whole is up 17% over the last year, Close Brothers has lagged significantly. Yet, is it now an undervalued purchase, or is it game over? Problems galore Part of the issue came at the start of this year, with the announcement from the Financial Conduct Authority (FCA) that it was investigating historical motor finance commission arrangements and sales. At the time, anyalsts thought that Close Brothers…
HOUSTON–(BUSINESS WIRE)–Pacific Pipeline Company (PPC), a wholly owned subsidiary of Sable Offshore Corp., and its predecessors have maintained a cathodic protection and pressure maintenance program on Line 324/325 (previously 901/903) since the pipeline was shut down in 2015. The line was evacuated, cleaned and preserved with inert nitrogen to maintain a corrosion-free state. In accordance with the 2020 Consent Decree ” signed by federal agencies including the Department of Justice, the Pipeline Hazardous Materials Safety Administration, and the Environmental Protection Agency, as well as California state agencies, the Department of Fish & Wildlife, Department of Parks and Recreation, State Lands…
Image source: Getty Images I think many UK shares are offering good value right now. Nevertheless, all businesses and stocks come with risks as well as opportunities. So it’s important to research well and choose with care. Value comes in several shapes Good value can be defined in more than one way. First, there’s the cheap-on-the numbers approach. It looks for low price-to-earnings ratings, high dividend yields, modest price-to-asset ratings, low debt and other things. However, that’s not the only method that can be successful. Quality and growth prospects can also be an essential component of overall value. A third…
MALMÖ, Sweden, Oct. 07, 2024 (GLOBE NEWSWIRE) — Oatly Group AB (Nasdaq: NASDAQ:), the world’s original and largest oat drink company, will report financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, before the U.S. market opens. Oatly will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results. The conference call and simultaneous live webcast can be accessed on Oatly’s Investors website at https://investors.oatly.com under Events. The webcast will be archived for 30 days. About Oatly We are the world’s original and largest oat drink…
U.S. crude oil rose nearly 3% on Monday, as the market waited for Israel to strike Iran.Oil prices spiked last week on fears that Israel could hit the Iran’s oil industry in retaliation for Tehran’s ballistic missile attack.U.S benchmark West Texas Intermediate surged 9.09% last week for the biggest weekly gain since March 2023. Global benchmark Brent jumped 8.43% for the biggest weekly advance since January 2023.Here are Monday’s energy prices:West Texas Intermediate November contract: $76.44 per barrel, up $2.06, or 2.77%.Brent December contract: $79.91 per barrel, $1.86, or 2.38%.President Joe Biden on Friday discouraged Israel from striking Iranian oil facilities,…