Unocal UCL
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TEXT-S&P corrects Union Central Life Insurance surplus note rating
May 11 - Standard & Poor's Rating Services said today that it corrected its rating on Union Central Life Insurance Co.'s ( UCL ; A+/Stable/--) $50 million 8.2% surplus note maturing in 2026 by raising...
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Oil and Gasoline Prices Rise Again
CNOOC CEO has offered to acquire Unocal UCL for $18.5 billion, or $67 per ..... good strategic sense for CNOOC. Unocal is prized for its Asian assets ..... its proved oil and gas reserves. Unocal and CNOOC already work together on …
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Greece isn’t the problem, Italy is!
The Unocal acquisition strengthens ChevronTexaco's key operations, but the price tag's a bit high.
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Bellatrix: An Energy Company With 250% Upside
… By Devon Shire : We Canadians are such friendly folks. When Chinese company CNOOC ( CEO ) tried to buy American oil company Unocal a few years back, the American government started kicking up such a fuss that the Chinese were basically forced to drop their …
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Special Report: The U.S. and China start an M&A Cold War
NEW YORK/BEIJING (Reuters) - Zhang Guobao didn't mince words. More than 18 months after U.S. lawmakers killed an attempt by China National Offshore Oil Corp to buy Unocal in 2005, the senior Chinese...
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A big month for Chesapeake Energy …… give the Russians hives at the same time. But don’t expect a kerfuffle of the sort that occurred when Cnooc tried to buy Unocal a few years back, Steve LeVine says over at Foreign Policy magazine’s website. (Presumably, Chesapeake will listen more …
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Chevron Reports Solid Profits
Chevron CVX turned in solid 2006 results Friday. Net income, aided by a full year's impact of Unocal , grew 22% year over year, to $17.1 billion from $14.1 billion. Performance could have been better, but Chevron's upstream …
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Chevron Reports In-Line 1Q
… lower downstream earnings. On the exploration and production side, performance was driven by increased volume relating to the Unocal acquisition and higher average selling prices. Compared with 2005, downstream earnings were up significantly on better utilization …
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Hurricanes Limit Chevron's Growth
… another tough hurricane season. However, the firm expects worldwide production to grow 8%-12% in 2006, thanks to the Unocal acquisition. We will update our fair value estimate following Friday's conference call, but we anticipate only a modest …
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Our Take on the Conoco-Burlington Deal
… of upside in the form of probable reserves, which Burlington does not have, in our opinion. Unlike when Chevron acquired Unocal in August, there is not of lot of opportunity for Conoco to improve on what Burlington is currently doing. Burlington is one …