capital-expenditure
InvestingGazprom Increases 2024 Investment Programme by 4% to $16.9 Billion
InvestingEquinor Eyes Lower Spending on Renewables After Orsted Transaction
Top StoriesGalp’s Quarterly Profit up 16% and Namibia Oil in Focus
Top StoriesNorwegian Cruise Orders Eight New Ships, Biggest Order in Its History
Equinor Trims Cash Payouts, Share Price Drops 7%
Date: February 7, 2024
Equinor trims cash payouts, share price drops 7% By Nerijus Adomaitis and Nora Buli LONDON (Reuters) – Equinor said on Wednesday it would cut its overall cash returns to shareholders this year by $3 billion, sending its shares down 7% even after it posted a slightly smaller-than-expected drop in operating profit for the final quarter...
Telenor Q4 Core Profit in Line With Expectations
Date: February 7, 2024
Telenor Q4 core profit in line with expectations OSLO (Reuters) -Norwegian telecoms operator Telenor on Wednesday reported fourth-quarter core operating earnings in line with expectations and said it expected low single-digit organic sales growth in Nordic service revenues in 2024. Adjusted earnings before interest, tax, depreciation and amortisation for October-December rose to 8.5 billion crowns...
Enel to Invest 36 Billion Euros by 2026, Be More Selective on Renewables
Date: November 22, 2023
Enel to invest 36 billion euros by 2026, be more selective on renewables By Francesca Landini MILAN (Reuters) -Italy’s Enel plans 35.8 billion euros ($39 billion) gross capital expenditure in the next three years in a more cautious approach to investments, the power group’s new chief executive said on Wednesday. Nearly 19 billion euros will...
Vitol to Spend Half of Its Capex on Low-Carbon, Renewables -CEO
Date: October 17, 2023
Vitol to spend half of its capex on low-carbon, renewables -CEO LONDON (Reuters) – The world’s top independent energy trader Vitol will invest around half of its $2 billion capital expenditure on low-carbon and renewables, its CEO Russel Hardy said on Tuesday. “We’ve got a fair amount of capex going into the renewables and power...
Aluminium Maker Hydro Ups Capex, Offers Downbeat Outlook, Shares Drop
Date: July 21, 2023
Aluminium maker Hydro ups capex, offers downbeat outlook, shares drop By Gwladys Fouche OSLO (Reuters) -Aluminium producer Hydro raised its guidance for capital expenditure this year and said global demand for aluminium demand was weakening, pressuring its shares, as it reported a drop in quarterly earnings in line with forecasts. Hydro guided for capital expenditure...
Tesla Raises Spending Plan, Discloses New Subpoena on Musk’s 2018 Tweet
Date: July 25, 2022
(Reuters) – Tesla Inc has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk’s go-private tweets in 2018. The company now expects to spend between $6 billion and $8 billion this year and each...