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☆ Jefferies says these top stock picks are cheap and offer upside heading into year-end
▼ + stars: | 2024-10-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

As the fourth quarter ramps up, several stocks have room to appreciate in coming months, according to Jefferies. Heading into the end of the year, Jefferies has updated its list of stock recommendations it calls its "franchise picks," spotlighting high-conviction, buy-rated names. "Higher reinvestment rates are correlated with better returns," Jefferies added. Their average price target of almost $24 implies roughly 10% upside – less than the nearly 26% that would result if Jefferies' target of $27 is reached. And Jefferies' target of $295 implies more than 17% upside from the current price.

Persons: Jefferies, Morgan Stanley, Wells, –, Johnson Organizations: Dow, Nasdaq, JPMorgan, Consumer, Johnson, PepsiCo, Sysco, Jefferies, ConocoPhillips, Port, North Field, Oil, Procter, Gamble, Colgate Locations: Wells Fargo, Alaska, Port Arthur, Texas, Qatar, Houston, LSEG, U.S, , New Jersey, Kenvue

☆ Opinion: Shaking off the Trump effect
▼ + stars: | 2024-04-21 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“We are most deeply asleep at the switch,” wrote Annie Dillard, “when we fancy we control any switches at all. When the Senate voted to send new aid to Ukraine, Israel and Taiwan two months ago, House Speaker Mike Johnson took no action. With the help of Democrats, the House approved aid to Ukraine, Israel and Taiwan on Saturday. Writing for CNN Opinion, he emphasized that there are legal principles that require universities to prohibit expressions of antisemitism.

Persons: CNN —, ”, Annie Dillard, “, time’s, —, Mike Johnson, Donald Trump, Joe Biden, Trump, Biden, Sleepy Joe ”, Israel, Johnson, MAGA, Julian Zelizer, Walt Handelsman, Marjorie Taylor Greene’s, Kevin McCarthy’s, Clay Jones, Fareed Zakaria, Alejandro Mayorkas, “ Biden, ” Zakaria, Bill Clinton, ” Trump, Jack Ohman, Agency Donald Trump’s, dozed, Elliot Williams, Patrick T, Brown, …, ‘, ’, Attorney Alvin Bragg, ” Will, Jeffrey Abramson, ” “, Norm Eisen, Stormy Daniels, ” Eisen, Michael Cohen, Elie Honig, Frida Ghitis, Benjamin Netanyahu, ” Lisa Benson, GoComics.com Peter Bergen, Daniel R, DePetris, Dean Obeidallah, Susanne DeWitt, ” David Schizer, ” Schizer, Danielle Campoamor, Caitlin Clark, Simone Biles, Campoamor, Latika Bourke, John Howard, Justin J, Pearson, Winston Churchill, Holly Thomas, Boris Johnson, Rishi Sunak’s, It’s, ” Thomas, YouGov, ” Don’t, Drew Sheneman, Agency David M, Perry, Frankie de la, Angel Reese, Roy Schwartz, Joni Mitchell —, Raul A, Reyes, Sonia Sotomayor, Jules Boykoff, Jaime M, Valiathan, Ed Manning, Sara Stewart, Noah Berlatsky, Taylor Swift Amy Bass, Taylor Swift, Swift, Department ”, ” Bass, “ Swift, Joe, Alwyn, Diana, they’re, Clara Bow, Dylan Thomas, Patti Smith — Organizations: CNN, Republicans, MAGA Republicans, Agency, Congress, Biden, Homeland, National Guard, ‘, Manhattan, Attorney, New York Democrats, Twitter, Facebook, New York Times, Trump, Berkeley, Nazism, Columbia, Nike, Team USA, Sydney, Port, Conservative, Squadron, Royal Auxiliary Air Force, Central Press, Hulton, National Health Service, WNBA, Ungentlemanly, Department Locations: Ukraine, Israel, Taiwan, Manhattan, Iran, Russia, China, ‘, New, CNN Iran, “ Israel, Gaza, Israeli, Damascus, Iraq, America, Dearborn, Nazi Germany, Berkeley , California, Berkeley, East Bay, Sydney, Port Arthur, Tennessee, Surrey, Croydon, Quebec, Britain, Vancouver, London, Welsh

☆ Opinion: What gun laws can’t stop
▼ + stars: | 2024-04-16 | by ( Opinion Latika Bourke | ) edition.cnn.com time to read: +8 min

“The videos (of the attack) speak for themselves don’t they?” Webb told the Australian Broadcasting Corporation (ABC). Steven Saphore/AAP/ReutersCauchi’s father Andrew Cauchi — who appeared devastated — believes his “monster” son may have deliberately set out to kill women, he told Australian media. He enacted strict gun control laws and initated a massive buyback scheme. “The evidence consistently shows that the underlying causes of violence directed toward women are rigid gender stereotypes, sexism and disrespect. Joel Cauchi had a fixation with blades and kept a collection of them, his father told the newspaper The Australian.

Persons: Latika Bourke, ”, Read, Latika Bourke Louis Douvis “, Julia Hartley, Brewer, Hartley, Karen Webb, Joel Cauchi, ” Webb, Webb, Steven Saphore, Reuters Cauchi’s, Andrew Cauchi —, —, John Howard, Australia’s, Julia Gillard, Bondi, Patty Kinnersly, Patty Kinnersly “, Bishop Mar Mari Emmanuel, Roman Quaedvlieg, “, X Quaedvlieg, they’d, Howard Organizations: Sydney Morning Herald, Love, CNN, New South Wales Police, Australian Broadcasting Corporation, ABC, Reuters, Port, Conservative, Global Institute, Women’s Leadership, Good Shepherd, Australian Jewish Association, X Locations: Australian, India, Sydney, British, Bondi’s, Westfield, Bondi, Port Arthur, London, Australia, United States

☆ Sydney, Australia, stabbing: Mall attacker may have targeted women, police say, as more details emerge of his six victims
▼ + stars: | 2024-04-15 | by ( Helen Regan | Sandi Sidhu | Mall Attacker Was Known To Authorities | ) edition.cnn.com time to read: +10 min

The community is devastated in the knowledge of their loss.”Police said Monday they had concluded their examinations of the shopping mall and the crime scene was being handed back to Westfield. More than 100 pieces of evidence were removed and will be forensically examined as part of the investigation, said Yasmin Catley, New South Wales Minister for Police. A woman cries as she comes out of the Westfield Bondi Junction shopping mall after a stabbing incident in Sydney on April 13, 2024. People react outside the Westfield Bondi Junction shopping mall after a stabbing incident in Sydney on April 13, 2024. The number of women killed by violence in Australia has ranged between 43 and 84 each year since Counting Dead Women began tallying deaths in 2012.

Persons: Joel Cauchi, Health Ryan, Cauchi, Karen Webb, ”, ” Webb, “, Lisa Maree Williams, Chris Minns, ” Minn, Yasmin Catley, David Gray, Baby, ‘, Ashlee Good, Good, Health Park, Ashlee, Faraz Tahir, ” Tahir, Adnan Qadir, Tahir, Anthony Albanese, KIIS, Yixuan Cheng, ’, undoubtably, Amy Scott, Scott, Webb, Amy, she’s, Roger Lowe, David GRAY, Lowe, New South Wales Premier Minns, Arthur Organizations: CNN, New South Wales ’, Health, New South Wales Police, ABC, ” Police, Getty, Police, Westfield, New South Wales Minister, “, “ Staff, Ahmadiyya Muslim Community of Australia, Australian, Embassy, Australia’s, Queensland Police, New South Wales Police Force, Queensland Police Service, New South Wales Premier, Minn Locations: Sydney’s, Bondi, Westfield, New South, New, Bondi Junction, Australia, Queensland, Sydney, AFP, Pakistan

☆ Bondi Junction: Five dead in mass stabbing at Sydney shopping center
▼ + stars: | 2024-04-13 | by ( Sandi Sidhu | Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —Five people have been killed in a mass stabbing at a busy shopping center in Sydney, Australian police said. Police were called to Westfield Bondi Junction on Saturday afternoon local time following reports of multiple people stabbed. Videos shared on social media show shoppers running from multiple exits of the shopping center, while police helicopters can be heard overhead. “The baby got stabbed and the mum got stabbed.”“We were holding the baby and trying to compress the baby. At least four people were killed and one injured in a mass shooting in Darwin, northern Australia in 2019.

Persons: Anthony Cooke, ”, Cooke, Anthony Albenese, Tragically, – Organizations: CNN, Police, New, New South Wales Police’s, NSW Ambulance, News Sydney Locations: Sydney, Westfield, New South, Bondi, Australia, Darwin, Arthur, Tasmania

☆ Big oil is racing to scale up carbon capture to slash emissions but the challenges are immense
▼ + stars: | 2024-04-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +14 min

Some climate activists accuse the industry of simply investing in carbon capture as way to extend the use of oil and gas. The technology typically uses chemical absorption to capture carbon dioxide emitted from the chimney of an industrial plant. "The economic viability of carbon capture and sequestration is a challenge today because the cost of building most plants in order to capture carbon dioxide are very significant," the executive said. About two-thirds of the industry's carbon dioxide emissions come from chemical reactions that occur when breaking down limestone. SLB this month announced a nearly $400 million investment in Aker Carbon Capture, a pure-play carbon capture company based in Norway, in an effort to accelerate deployment of the technology at commercial scale.

Persons: Chin Lee, Biden, SLB, Fred Majkut, Majkut, Adam Miklos, Miklos, Baker Hughes, Olivier Le Peuch, Alessandro Bresciani, Jeff Gustavson, Gustavson, steelmaker Nucor, Linde, Dan Ammann, Ammann, Fatih Birol, We're, SLB's Majkut Organizations: Chevron, Houston Chronicle, Hearst Newspapers, Department of Energy, RTI International, International Energy Agency, Exxon, Rystad Energy, Clean Investment Monitor, United Nations ., Gulf Coast, CF Industries, Talos Energy, Carbonvert, IEA Locations: Winnie, Mississippi, Vicksburg, Schlumberger, United States, Paris, Chevron, United Kingdom, U.S, Aker, Norway, Houston, Port Arthur , Texas, Gulf, Louisiana, Beaumont , Texas, Mississippi , Louisiana, Texas, Bayou, Port Arthur

☆ Coastal cities are sinking in the US and pushing sea level rise into overdrive
▼ + stars: | 2024-03-06 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +5 min

CNN —Dozens of cities along the US coastline are sinking at alarming rates, leaving them far more exposed to devastating flooding from sea level rise than previously thought, scientists reported Wednesday. Cities on the East Coast where sinking land is exacerbating sea level rise include New York City and Atlantic City; Virginia Beach; Charleston, South Carolina; and Savannah, Georgia. As much as a third of sea level rise in this region over the next three decades could come from the sinking effect, the report found. This is a particular problem in areas where new coastal land has been created over the years by backfilling with sediment. Additionally, researchers say most sea level rise studies make projections for the end of the century, which “is viewed as too far (away) to begin planning,” Shirzaei said.

Persons: ”, Manoochehr Shirzaei, Leonard Ohenhen, Ophelia, Bing Guan, Kristina Hill, you’ll, ” Ohenhen, Joe Raedle, ” Shirzaei Organizations: CNN, Virginia Tech, Cities, Seaboard, Corpus Christi, Reuters, University of California, Getty Locations: East, New York City, Atlantic City, Virginia Beach, Charleston , South Carolina, Savannah , Georgia, Gulf, East Coast, Louisiana, Texas, Galveston, Freeport, Corpus, Northeast, Hamilton Beach, Queens, Berkeley, New Orleans, Port, Miami

WHITEFISH POINT, Mich. (AP) — Shipwreck hunters have discovered a merchant ship that sank in Lake Superior in 1940, taking its captain with it, during a storm off Michigan’s Upper Peninsula. But as the Arlington and a larger freighter, the Collingwood, made their way across Lake Superior they encountered dense fog and then a storm after nightfall that battered both ships. The crew, “out of fear for their lives, and without orders from Captain Burke,” began to abandon ship, they said in a statement. Reports indicate he was last seen near its pilothouse, waving at the Collingwood, minutes before his ship vanished into the lake. “It’s exciting to solve just one more of Lake Superior’s many mysteries, finding Arlington so far out in the lake," Fountain said in a statement.

Persons: Dan Fountain, Owen, Frederick “, ” Burke, Burke countermanded, Captain Burke, ”, Burke, Fountain, Bruce Lynn, . Fountain, Lynn, Dan Organizations: POINT, Mich, —, Historical, Arlington, Owen Sound, Collingwood, Arlington ., . Locations: Lake Superior, Keweenaw, Arlington, Port Arthur , Ontario, Owen Sound , Ontario, Great, North Shore, Negaunee , Michigan, Superior

☆ US appeals court scraps Sempra's Port Arthur LNG emissions permit
▼ + stars: | 2023-11-15 | by ( Curtis Williams | ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHOUSTON, Nov 15 (Reuters) - A U.S. court has removed an emissions permit for Sempra's (SRE.N) Port Arthur LNG export terminal in Texas, but the company said construction of the facility will continue for now. The approximately 13.5 million-metric-tons-per-annum (mtpa) Port Arthur plant has approval to export LNG to both Free Trade Agreement (FTA) and non-FTA countries, including Europe, and is part of the U.S. LNG expansion to meet growing global demand for the superchilled gas. The decision sends the Port Arthur LNG permit application back to the TCEQ for new evaluation. Investment firm KKR (KKR.N) owns a 20% stake in Sempra Infrastructure while Sempra Energy owns 70% and Abu Dhabi Investment Authority owns 10%. John Beard, executive director of the Port Arthur Community Action Network, which brought the lawsuit challenging TCEQ, said of the ruling: “We’ve won by standing up for Port Arthur communities of color to breathe free from toxic pollution.

Persons: Dado Ruvic, Port Arthur, Sempra, John Beard, “ We’ve, –, Biden, Alex Munton, Munton, Curtis Williams, Deepa Babington, Stephen Coates Organizations: REUTERS, Rights, Port Arthur, Free, U.S, U.S ., Appeals, Fifth Circuit, Texas Commission, Environmental, Rio, Rio Grande LNG, Port, Sempra Infrastructure, ConocoPhillips, Investment, KKR, Sempra Energy, Abu Dhabi Investment Authority, Port Arthur Community Action Network, Global Gas & LNG Research, Rapidan Energy, Thomson Locations: Port, Texas, Europe, Rio Grande, Port Arthur, Abu Dhabi, Houston

☆ Valero tops profit estimates in strong start to U.S. refiner earnings
▼ + stars: | 2023-10-26 | by ( Arunima Kumar | ) www.reuters.com time to read: +2 min

The logo for Valero Energy Corporation is shown at a Valero gas station in Encinitas, California, U.S., May 2, 2016. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Valero Energy Corp FollowOct 26 (Reuters) - Refiner Valero Energy (VLO.N) beat analysts' estimates for third-quarter profit on Thursday, powered by sustained fuel and refined products demand against the backdrop of tight supplies. For the current quarter, Valero expects refining throughput between 2.93 million and 3.04 million bpd. The Diamond Green Diesel Port Arthur plant, which started up in the fourth quarter of 2022, boosted the sales volumes, Valero said. The 3-2-1 crack spread, a proxy for refining margins, fell around 35% during the July-September quarter.

Persons: Mike Blake, Lane Riggs, Valero, refiners, TD Cowen, Jason Gabelman, Arunima Kumar, Sriraj Organizations: Valero Energy Corporation, REUTERS, Companies Valero Energy Corp, Refiner Valero Energy, Valero, Green Diesel, U.S ., Thomson Locations: Valero, Encinitas , California, U.S, Saudi Arabia, Russia, Green Diesel Port Arthur, U.S . East Coast, San Antonio , Texas, Bengaluru

☆ TotalEnergies sticks to share buyback plans despite net income drop
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: +2 min

TotalEnergies on Thursday posted a 35% fall in third quarter adjusted net income from last year's record high, hurt by a drop in energy prices, but maintained its share buyback operation as conflicts push oil prices back up. The French energy company's adjusted net income stood at $6.5 billion, down from the year-earlier $10 billion but just beating an analyst forecast of $6.4 billion, according to a consensus established from LSEG data. Second quarter adjusted net income was $5 billion. Profits were buoyed by the company's increase in renewable capacity and integration as well as persistently high oil prices, despite crude falling from a decade-plus high last year following Russia's invasion of Ukraine. Oil prices remained buoyant at around $90 per barrel at the beginning of the fourth quarter, it said.

Persons: Patrick Pouyanne, TotalEnergies Locations: Ukraine, United States, Port Arthur, Antwerp, Belgium, France

☆ An embarrassing Russian defeat a century ago is a warning about the risks of losing a war to China now, top US Air Force official says
▼ + stars: | 2023-10-26 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +8 min

In May 1905, Russia's navy suffered a resounding defeat by the Japanese at the Battle of Tsushima. The battle is a lesson about complacency in the face of new threats, a top US Air Force official says. AdvertisementAdvertisementGreat-power competitionJapanese soldiers relieve Russian troops in an outer fort at Port Arthur after the Russian surrender in 1905. Proctor via Wikimedia Commons"The Battle of Tsushima Straits did not go well for Russia," Kendall, a self-proclaimed history buff, said at the conference. If our power-projection capability and capacity are not adequate to deter Chinese aggression against Taiwan or elsewhere, war could occur," Kendall said.

Persons: —, Frank Kendall, Kendall, aren't, George Rinhart, Port Arthur —, Korea's, Shigetada Seki, Port Arthur, Oriol, Tsushima, Oleg, Proctor, Theodore Roosevelt Organizations: Russia's, Russo, US Air Force, Service, Air Force, Air and Space Forces Association, Getty, Imperial, Siberian Railway, Asahi, Wikimedia, Imperial Japanese Navy, Russian, Baltic Fleet, 2nd Pacific Squadron, Wikimedia Commons, Mukden, Japanese Defense Ministry, US Defense Department Russia's Locations: Tsushima, Japanese, Asia, European, Imperial Japan, Imperial Russia, Pacific, Japan, Russia, China, Port, Europe, Korea, Dalian, Liaodong, Port Arthur, Tokyo, Russian Pacific, Chemulpo, Ulsan, Baltic, Russian, Vladivostok, Philippines, Madagascar, Manila Bay, Shandong, Okinawa, US, Britain, Germany, Imperial Germany, South, Soviet Union, Manchuria, Taiwan

☆ The top 20 areas real-estate investors are piling into for high population growth, increasing rental demand, or price appreciation, according to a property-data firm
▼ + stars: | 2023-08-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

When it comes to single-family homes, it's predominantly investors, according to recent data from CoreLogic, a property-data firm that tracks real-estate transactions. But whether they are small or large investors, they are targeting specific areas, according to the data. "All the others make sense as these have been hot real estate investment areas that have been hot for a very long time in terms of investment. Small investors are active all around the country and make up most of the investors, he said. The below table is based on CoreLogic public records data for single-family transactions.

Persons: Thomas Malone, Goldman Sachs, who's, Malone, upticks, There's Organizations: CoreLogic, Investor, Mega, McAllen, El, San Bernardino -, Thousand Oaks, Beaumont, UT, KS Locations: CoreLogic, California, Jose, Sunnyvale, Santa Clara, CA, Angeles, Long, Anaheim, Edinburg, Mission, Brownsville, Harlingen , TX, Atlanta, Sandy Springs, Roswell, Francisco, Oakland, Hayward , CA, El Paso , TX, Diego, Carlsbad, Fresno, Modesto, Riverside, San Bernardino, San Bernardino - Ontario, Oxnard, Ventura, Santa Rosa, Stockton, Lodi , CA, Albuquerque, NM, Port Arthur, TX, Memphis, TN, Salt Lake City, Christi , TX, Wichita

HOUSTON, July 10 (Reuters) - A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers. WORKERS NEEDEDAt present Bechtel has more than 3,000 professionals working on its LNG projects. Two other projects - Golden Pass LNG and Plaquemines LNG - have added workers and are moving to 24-hour work schedules. Cheniere and Bechtel are training workers using virtual simulations or via partnerships with local schools. Venture Global LNG stitched together 18 liquefaction units in its highly modular Calcasieu Pass LNG plant, allowing it to open the facility in what it said was record time.

Persons: Paul Marsden, Marsden, Alex Munton, Bechtel, Corey Grindal, Grindal, Cheniere, Jason Klein, Klein, Paul Varello, Curtis Williams, Nia Williams, Matthew Lewis Organizations: Bechtel Corp's Energy, Labor, Rapidan Energy, Bechtel, Cheniere Energy, Corpus, Plaquemines, Canada, Reuters, Commonwealth LNG, Venture, Columbia, Thomson Locations: U.S, Port Arthur, Christi, Kitimat, British Columbia, China, Calcasieu, Houston

☆ US woman arrested in Sydney after airport staff find a golden gun in her luggage
▼ + stars: | 2023-04-25 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +2 min

CNN —An American woman has been arrested in Sydney after arriving on a flight from Los Angeles with 24-carat gold-plated handgun packed in her luggage. Depending on the outcome, she could be removed from the country, according to the ABF. Australian Border Force officers detected the gun in the woman's luggage. Gun violence has reached record levels in the United States, which is the only nation in the world where civilian firearms outnumber people. The US also has more deaths from gun violence than any other developed country per capita.

☆ New Exxon Beaumont, Texas crude unit completes startup -sources
▼ + stars: | 2023-04-06 | by ( Erwin Seba | ) www.reuters.com time to read: +1 min

The new 250,000 barrel-per-day (bpd) Crude C CDU lifts the Beaumont refinery's capacity to 619,024 bpd, second only to the Motiva Enterprises (MOTIV.UL) refinery in nearby Port Arthur, Texas, the people said. Exxon has also restarted the Beaumont refinery's 65,000 diesel-producing hydrocracker, which was shut by a compressor outage on March 22, the people said. Alongside Crude C, Exxon has said it built a hydrotreater. Crude C is the third CDU at the Beaumont refinery. The CDUs break down crude oil into feedstock for all other production units.

After a dearth of plant approvals last decade, developers have secured dozens of long-term contracts to finance new multibillion-dollar LNG plants. The United States was long an importer of LNG, but natural gas discoveries and production from the shale revolution flipped the country into an LNG exporter in 2016. U.S. LNG exports hit 10.6 billion cubic feet per day (bcfd) in 2022, making the country the second biggest LNG exporter behind Australia. But their production volumes will allow the United States to remain ahead of output from Australia and Qatar. The seven U.S. export plants already in service, including Freeport LNG, can turn about 13.8 billion cubic feet of gas into LNG each day.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

Still, its shares fell more than 5% to $111.79 on weaker oil prices on the day and a fourth-quarter profit miss. It also anticipates it will invest about $2 billion in Sempra's Port Arthur LNG facility, of which ConocoPhillips has a 30% stake. "ConocoPhillips finished 2022 on a solid note with production volumes exceeding consensus forecasts by 1.5%," said Third Bridge analyst Peter McNally. First quarter production is expected between 1.72 million and 1.76 million boepd, with full-year output of between 1.76 million to 1.8 million boepd, representing growth of 1% to 4%. On an adjusted basis, the company posted quarterly profit of $2.71 per share, missing expectations of $2.81, according to Refinitiv data.

☆ Valero profit beats estimates on higher fuel demand, tight supplies
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: +1 min

[1/2] The Valero refinery next to the Houston Ship Channel is seen in Houston, Texas, U.S., May 5, 2019. REUTERS/Loren Elliott/File PhotoCompanies Valero Energy Corp FollowJan 26 (Reuters) - Valero Energy Corp (VLO.N) zoomed passed Wall Street estimates for quarterly profit on Thursday, wrapping up the refiner's best year on record, boosted by higher demand for fuel and healthy refining margins as crude supplies remained tight. U.S. refineries operated at record levels last year, aided by a quick recovery in domestic sales and strong exports demand following Russia's invasion of Ukraine. Valero refineries operated at 97% capacity utilization rate in the fourth quarter, the highest since 2018. Valero Energy, the second-largest U.S. refiner by capacity, said quarterly refining throughput volumes averaged 3.04 million barrels per day (bpd), slightly above the year-ago quarter.

Jan 24 (Reuters) - At least one chemical plant and an oil refinery were scrambling to recover from operational upsets on Tuesday after severe weather tore through an oil and gas refining hub outside Houston. Shell (SHEL.L) said it was experiencing an incident at its Deer Park chemicals facility following severe weather, according to a company tweet. Petroleos Mexicanos also reported operational upsets due to weather at its neighboring oil refinery, according to a company alert. The National Weather Service issued a tornado warning for the Houston area on Tuesday afternoon. Exxon Mobil (XOM.N) said operations at its Baytown, Texas, plant were stable following the severe weather, with no injuries reported.

At least 15 U.S. oil refineries plan maintenance ranging from two to 11 weeks through May, tallies by Reuters and refining intelligence firm IIR Energy show. By mid-February, U.S. refiners will drop some 1.4 million barrels per day of processing capacity, double the five-year average, according to IIR. PBF Energy's (PBF.N) Toledo, Ohio, refinery remains largely offline from December, according to two people familiar with the matter. Heating oil margins are $58 per barrel, more than double the year-ago level. U.S. gasoline inventories are 226.8 million barrels, compared to 240.7 million at this time last year, while refinery capacity is 8% lower than before storm Elliott.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ U.S. oil refiners restoring lost output, some outages to run into January
▼ + stars: | 2022-12-27 | by ( Erwin Seba | ) www.reuters.com time to read: +2 min

An Arctic blast sent temperatures well below freezing and led to power, instrumentation and steam losses at facilities along the U.S. Gulf Coast. Retail gasoline prices ticked up along the Gulf Coast this week, but nationwide prices have not been affected by the temporary outages. LyondellBasell Industries was in the early stages of resuming production at its Houston refinery, people familiar with plant operations said. read moreMarathon Petroleum, which operates the second-largest Gulf Coast facility after Motiva, aims to get production back by week's end, the people said. It was in the process of restarting its Port Arthur plant over the weekend, people familiar with the matter said.

☆ Travel warnings: What other nations tell their citizens about US violence
▼ + stars: | 2022-11-27 | by ( Forrest Brown | ) edition.cnn.com time to read: +12 min

After all, the rate of gun-related deaths in the United States has been going up in recent years. CNN Travel keeps a periodic check on what the governments of the United States’ neighbors and closest allies tell their citizens about coming here. It also tells its citizens that “violent crime, including gun crime, rarely involves tourists, but you should take care when traveling in unfamiliar areas. In many states, it is legal for United States citizens to openly carry firearms in public. “Violent crime has targeted individuals and groups from the LGBTQIA+ community and those with diverse ethnic, cultural and religious backgrounds.

Persons: –, It’s, They’re, ”, it’s, Tara Walton, Lauren Redfern, ” Redfern, Israel Israel, Uriel Sinai, sprees, Kazuhiro Nogi, Shinzo Abe, they’re Organizations: CNN, US, Violence, CNN Travel, United, Washington Post, Getty Images Canada, ”, US Department of Homeland Security, London, Israel, French Ministry of Foreign Affairs, Lufthansa, Ministry of Foreign Affairs, Japan Airlines, Haneda Airport, New Zealanders, & Infrastructure Security Agency Locations: United States, America, Port Arthur, Tasmania, Australia, United States of America, Canada, Windsor , Ontario, Detroit , Michigan, Mexico, ” United Kingdom, United Kingdom, United, London, Chicago, New Orleans, Los Angeles, Israel, Algeria, France, carjackings, Boston, Dorchester, Mattapan, Roxbury, ”, Atlanta, Germany German, Europe, Germany, Florida, Japan, Tokyo, AFP, Zealand, New Zealand, New

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