Vallari Srivastava

1 month ago | today.westlaw.com | Vijay Kishore |Vallari Srivastava |Sriraj Kalluvila

(Reuters) -Chevron said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations. The company has said it would lay off up to 20% of its global...

2 months ago | inspectioneering.com | Vallari Srivastava |Shinjini Ganguli |Shailesh Kuber

Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66 (PSX.N) and plans to push for operational changes and the sale of the company's midstream business. Phillips 66 shares rose 3.3% in late morning trade. Last year, Elliott disclosed a $1 billion stake in Phillips 66, following which the company laid out a performance improvement plan to boost shareholder returns and share price.

2 months ago | today.westlaw.com | Tanay Dhumal |Vallari Srivastava |Krishna Eluri

(Reuters) -Industrial gases manufacturer Air Products said on Tuesday it has named former Linde executive Eduardo Menezes as its CEO and will succeed Seifi Ghasemi effective Feb. 7, amid pressure from activist investors.

2 months ago | inspectioneering.com | Vallari Srivastava |Seher Dareen |Shinjini Ganguli

Oilfield services provider Baker Hughes (BKR.O) said on Thursday it has signed an agreement with Venture Global (VG.N) to support its liquefied natural gas (LNG) projects in the United States with technology and equipment. The company has also signed a services frame agreement to support phase 1 and 2 of the Venture Global's Plaquemines LNG project in Louisiana.

Jan 13, 2025 | staradvertiser.com | Vallari Srivastava

Electricity provider Hawaiian Electric today laid out a plan to fortify the power grid to help reduce the risk of a wildfire started by its equipment. The utility has faced intense scrutiny in the past for its role in the deadly 2023 Maui wildfire. The fires killed over 100 people, destroyed the historic coastal town of Lahaina and caused damage estimated at $5 billion.