Archive for Month: July

3M Misses Estimates as Demand Fell Across Business Units

Image source: 3M Q2 2020 Earnings Presentation, July 28 2020 By Rachit Vats (Reuters) – U.S. industrial conglomerate 3M Co missed Wall Street estimates for quarterly profit and revenue on Tuesday, hit by a plunge in demand across its business units due to the coronavirus crisis, sending its shares...

Read More

Chevron Nearing $5 Billion Acquisition of Noble Energy

Image: Noble Energy’s Leviathan platform, Mediterranean Sea. Source: Noble Energy (Reuters) – Oil major Chevron Corp said on Monday it agreed to buy Noble Energy Inc in an all-stock deal, valuing the Houston-based oil and gas producer at $5 billion. The offer values Noble at $10.38 a share or...

Read More