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American oil company ConocoPhillips, following the results of the third quarter, reported the growth of net profit 4.4 times in annual terms to 1 billion 861 million dollars. One of the factors for the steady growth of the indicator was the increase in oil prices. Adjusted earnings amounted to 1 dollar 36 cents per share, while experts had predicted 1 dollar 19 cents. Revenues reached 10 billion 165 million dollars, an increase from 7 billion 195 million a year earlier. The company's production increased by 22 million barrels of oil equivalent per day compared to last year. At the end of the quarter, the company increased dividends by 7% to 30.5 cents per share.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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