Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
LyondellBasell said on Wednesday it has launched a strategic review of the European assets of two of its business units, sending shares of the petrochemical manufacturer over 2% higher in morning trade. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around businesses with long-lasting competitive advantage and to reinvest around those advantaged areas generating superior returns at meaningful scale," said Peter Vanacker, CEO of LyondellBasell. The company said last year it was exploring strategic options for its U.S. Gulf Coast-based ethylene oxide and derivatives (EO&D) business.
Noble Corporation (NYSE:NE) Q1 2024 Earnings Call Transcript May 7, 2024 Noble Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and thank you for standing by. My name is Abby, and I’ll be your conference operator today. […]