Oil Majors Close to Settling $5 Billion Dispute With Kazakhstan, Bloomberg Reports
--Oil majors Shell, Eni, Exxon Mobil and TotalEnergies have prepared a draft settlement what would stop Kazakh authorities pursuing a potential $5 billion environmental fine, Bloomberg reports, citing unnamed sources.
--The draft includes a pledge for additional investment in social projects amounting to $110 million over the next two years, Bloomberg reports.
--The settlement would follow the companies' legal victory last year, after which the government continued to pursue the fine at the appeals court, according to Bloomberg.
--Shell, Eni, Exxon Mobil and TotalEnergies weren't immediately available to comment when contacted by Dow Jones Newswires.
Full story: http://tinyurl.com/2z7wnw78
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
January 16, 2024 07:31 ET (12:31 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Markets Brief: AI Leaders Excel In Earnings Season So Far
-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Tesla: Full Self-Driving Approval In China Supports Our View for Deliveries Growth In 2024
-
Philips Earnings: Firm Reaches $1.1 Billion Settlement Agreement
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise