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Tag: slump
Exxon, Chevron mega-projects finally come on line, just as oil prices slump
2015-02-03 00:56:07| Energy - Topix.net
Exxon Mobil has been working for years on a fleet of enormous new oil and gas projects in places such as Abu Dhabi, Russia, Papua New Guinea, and the Gulf of Mexico designed to turn around what has been a consistent and alarming slide in oil and gas production. A record eight of these mega-projects came on-line last year, Exxon said Monday - just as oil prices were falling by more than half.
Investors shrug off Japanese slump
2015-01-30 01:39:32| BBC News | Business | UK Edition
Japanese shares traded higher on Friday as investors shrugged off a series of government data showing a slowing Japanese economy.
Tags: japanese
investors
slump
shrug
UPDATE 1-Nippon Steel takes $583 mln charge on Brazilian unit after oil slump
2015-01-29 12:09:16| Grocery - Topix.net
Nippon Steel & Sumitomo Metal Corp said on Thursday it took a 68.6 billion yen charge in the April-December period as a slump in oil prices was hurting profits at its pipe affiliate in Brazil. Japan's biggest steelmaker, which also supplies steel pipes to oil and gas companies globally, expects the drop in oil to have a negative impact on its earnings for the next business year starting in April, an executive said.
Tags: update
charge
takes
unit
Can J.M. Smucker Come Out of Its Slump?
2015-01-25 19:41:16| Food - Topix.net
J.M. Smucker reported weak set of numbers for the second quarter as sales declined on account of a weak coffee business. Although its earnings rose due to lower overall costs and expenses, yet it failed to match the street expectations.
Freeport Haunted by Oil Deals After Commodity Slump: Commodities
2015-01-24 09:27:42| Oil & Gas - Topix.net
Investors were upset two years ago when Freeport-McMoRan Inc., the world's biggest publicly traded copper miner, announced a $9 billion debt-fueled purchase of two oil and natural gas producers. At the time, the Phoenix-based company said the deal would help it diversify, acting as a hedge for potential downturns in their main products, copper and gold.
Tags: deals
oil
commodity
commodities
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