Following their decision to cut approximately 6,000 jobs, Chevron surprised investors and analysts alike by posting an unexpected profit. While analysts expected a 27-cent loss per share during the third quarter, Chevron reported earnings of 11 cents per share.
In what has been a tumultuous period for Chevron, the multinational...
Biotech company Moderna (MRNA) has enjoyed a significant revenue increase during the third quarter, thanks to its research and development with regards to a COVID-19 vaccine. This has triggered a 3.8% rise in share prices to $64.87 on the S&P Index.
The Cambridge, Massachusetts-based firm is currently leading in the...
After what has been the company’s worst string of losses since its reformation in 1999, Exxon Mobil Corp. is expected to reduce its global workforce by 15% over the next two years. The multinational oil and gas corporation is expected to cut jobs in the United States, Europe, and...
Royal Dutch Shell Plc announced its intention to instill a 4% increase in dividends, as the company looks to recover from what has been a long-term slump due to climate change and the coronavirus pandemic.
This news has been warmly received by shareholders, particularly after the Anglo-Dutch energy giant decided...
Callaway Golf Co. revealed on Tuesday that it plans to acquire the remainder of the driving range chain Topgolf Entertainment Group in a move worth approximately $2 billion. This will provide Callaway with a lucrative new source of income.
Callaway already owns 14% of Topgolf and decided to purchase the...
Energy companies and domestic rivals Cenovus Energy and Husky Energy Inc. are set to combine in a $2.9 billion takeover that will see the two companies merge into what will be Canada’s third largest energy group, trailing behind Canadian Natural Resources and Suncor Energy.
Cenovus shareholders are scheduled to control...
On Tuesday, Microsoft announced its earnings for the first fiscal quarter of 2021. The figures included in the report revealed that the technology company performed significantly better than what analysts predicted.
The main takeaway came in the form of Microsoft’s quarterly revenue. The company raked in $37.2 billion, exceeding its...
Paul Brown, CEO of Inspire Brands, is looking to acquire Dunkin’ Brands in a deal estimated to be worth nearly $8.8 billion, a report by the New York Times claimed on Sunday.
Brown, whose company has already acquired restaurant brands such as Arby’s, Buffalo Wild Wings, Jimmy John’s, and Sonic,...
The future of Indian supermarket company Future Retail Ltd hangs in the balance, relying heavily on whether or not the company can sell its assets to Reliance Industries, the group revealed to a Singapore arbitrator.
Looking to sell several of its businesses to Reliance for a fee of $3.38 billion,...
Dana Gas PJSC, a natural gas company based in the United Arab Emirates, agreed to sell its oil and gas fields in Egypt for as much as $236 million. This sale will enable the firm to repay a portion of the debt owed from its Islamic bonds that will...