Friday, 5 April 2024 An analysis by InfluenceMap reveals that 80% of global CO2 emissions post-Paris Agreement stem from 57 fossil fuel and cement producers. State-owned giants like Coal India Limited, Saudi Aramco, and Gazprom lead the emissions chart, ignoring emission reduction calls. China Coal tops historical emissions, while investor-owned firms like Chevron and ExxonMobil also play a significant role.
A Gazprom-owned Sukhoi Superjet 100 crashed near Moscow during a test flight, killing all three crew members on board. The plane went down in a forested area in the Kolomna district after taking off from Lukhovitsy airfield. Emergency services rushed to the scene, and videos of the crash site circulated on social media. The incident is under investigation by the Interstate Aviation Committee.
#RussiaPlaneCrash #SukhoiSuperJet #Superjet100 #Moscow #Kolomna #MoscowAirport #Worldnews #Oneindia #Oneindianews
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ConocoPhillips , to Buy Marathon Oil.
ConocoPhillips , to Buy Marathon Oil.
On May 29, ConocoPhillips agreed to
acquire Marathon Oil in an all-stock deal valued at $17 billion, CNBC reports.
The agreement will provide ConocoPhillips with
an additional 2 billion barrels of U.S. inventory.
This acquisition of Marathon Oil further
deepens our portfolio and fits within our
financial framework, adding high-quality,
low cost of supply inventory adjacent to our
leading U.S. unconventional position. , ConocoPhillips CEO Ryan Lance, via statement.
ConocoPhillips' market cap will
exceed $150 billion due to the deal.
As an independent producer, ConocoPhillips will now be on the same scale as some big-time players, CNBC reports.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
While the deal is likely to face FTC scrutiny, the fact that Marathon's assets encompass multiple basins supports regulatory approval, Dittmar said. .
Once the deal is complete,
ConocoPhillips anticipates share buybacks worth $7 billion within the first year.
After three years, that number is
expected to grow to $20 billion.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year
Credit: Wibbitz Top Stories Duration: 01:31Published