Mitchell Ferman

London

Energy Reporter at Bloomberg News

Energy reporter @business covering BP and Shell [email protected] or [email protected]

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Articles

Exxon Enters Talks to Sell French Business For €400 Million

1 week ago | financialpost.com | Mitchell Ferman

Advertisement 1Exxon Mobil Corp. entered exclusive talks to sell its entire 82.89% stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about €400 million ($350 million). Article content(Bloomberg) — Exxon Mobil Corp. entered exclusive talks to sell its entire 82.89% stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about €400 million ($350 million).
Exxon Enters Talks to Sell French Business for €400 Million

1 week ago | bloomberg.com | Mitchell Ferman

An Esso refinery in France. (Bloomberg) -- Exxon Mobil Corp. entered exclusive talks to sell its entire 82.89% stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about €400 million ($350 million). If complete, the deal would significantly diminish Exxon’s presence in France, after the company announced last year that it would shut down part of its petrochemical operations in the country.
Intel Certifies Shell Lubricant for Cooling AI Data Centers

3 weeks ago | financialpost.com | Mitchell Ferman

Article content(Bloomberg) — Intel Corp. has certified Shell Plc’s lubricant-based method for cooling servers more efficiently within data centers used for artificial intelligence. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
BP Rises After Shell Is Said to Study Merits of an Acquisition

1 month ago | financialpost.com | Dinesh Nair |Vinicy Chan |William Mathis |Mitchell Ferman

Advertisement 1BP Plc rose on Monday after Bloomberg reported that Shell Plc is working with advisers to evaluate a potential acquisition of its UK rival. Article content(Bloomberg) — BP Plc rose on Monday after Bloomberg reported that Shell Plc is working with advisers to evaluate a potential acquisition of its UK rival. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
Shell analiza posible compra de BP tras caída de acciones

1 month ago | bloomberg.com | Dinesh Nair |Vinicy Chan |William Mathis |Mitchell Ferman

Shell Plc está trabajando con asesores para evaluar una posible adquisición de BP Plc, aunque está esperando a que bajen aún más las acciones y el precio del petróleo antes de decidir si presentará una oferta, según personas familiarizadas con el asunto. La petrolera ha estado discutiendo más seriamente la viabilidad y las ventajas de la adquisición de BP con sus asesores en las últimas semanas, según las personas, que pidieron no ser identificadas porque la información es privada.
Shell Shows Its Strength by Sticking to Plans Amid Oil Downturn

1 month ago | rigzone.com | Mitchell Ferman

Shell Plc stood out from its peers by sticking to plans for investor returns and capital spending even as oil prices entered what could be a prolonged downturn. In its first-quarter earnings report on Friday, the company said it had the financial strength to withstand any weakness in energy markets and could keep buying back more than $3 billion of shares each quarter even if crude plunged as low as $50 a barrel.
Shell Shows Its Strength by Sticking to Plans Amid Oil Downturn

1 month ago | bloomberg.com | Mitchell Ferman

A Shell gas station in Emeryville, California. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Shell Plc stood out from its peers by sticking to plans for investor returns and capital spending even as oil prices entered what could be a prolonged downturn.
BP Falls as Weak Cash Flow Casts Doubt on Future Buybacks

1 month ago | financialpost.com | Mitchell Ferman

Article content(Bloomberg) — BP Plc’s finances took another battering in the first quarter, with a slump in cash flow and rising debt forcing the company to cut its buyback to the low end of its target range. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
Trump’s Desire for Cheap Crude Puts Big Oil’s Plans to Test

1 month ago | ca.finance.yahoo.com | Mitchell Ferman |Kevin Crowley

(Bloomberg) -- Big Oil has a powerful ally in the White House, but the first quarter of Donald Trump’s presidency was a real test for companies’ plans. The rest of the year could be even tougher.
Elliott Goes Public With 5% BP Stake, Seeks Deeper Cost Cuts

1 month ago | bloomberg.com | Mitchell Ferman |Crystal Tse

(Bloomberg) -- Elliott Investment Management has built up its stake in BP Plc to just over 5% of, as the activist investor increases its pressure campaign at the struggling oil giant. The holding, disclosed in a regulatory filing on Tuesday, would put Elliott on par with Vanguard Group Inc. as one of UK-listed BP’s largest investors, according to data compiled by Bloomberg.