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Stockreport

U.S. Treasury Blocks Bid for Lukoil's Foreign Assets [Yahoo! Finance]

Chevron Corporation (CVX)  More Company Research Source: Yahoo! Finance
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
The assets, valued at some $22 billion, were put on the market after the United States imposed sanctions on Lukoil and Rosneft. The first bidder was Swiss commodity major Gunvor, which President Trump called a Russian “puppet”. Since then, Chevron, Exxon, Hungarian MOL, Emirati International Holding Company, and private equity major Carlyle have come forward as potential suitors for Lukoil's foreign business, among others. According to the Reuters sources, the Russian energy major had liked the Xtellus bid, which involved a stipulation that the proceeds from the sale would be used to compensate U.S. investors in the Russian company that lost their money after the stock freeze following the Ukraine war. Essentially, the deal was going to be a cashless sale back to Lukoil securities held by U.S. investors in exchange for the company's global assets. The deal, as proposed, however, had been seen as too difficult to execute, Reuters said, citing its sources. The Treasury Department [Read more]

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U.S. Treasury Blocks Bid for Lukoil's Foreign Assets [Yahoo! Finance]

Chevron Corporation  (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
The assets, valued at some $22 billion, were put on the market after the United States imposed sanctions on Lukoil and Rosneft. The first bidder was Swiss commodity major Gunvor, which President Trump called a Russian “puppet”. Since then, Chevron, Exxon, Hungarian MOL, Emirati International Holding Company, and private equity major Carlyle have come forward as potential suitors for Lukoil's foreign business, among others. According to the Reuters sources, the Russian energy major had liked the Xtellus bid, which involved a stipulation that the proceeds from the sale would be used to compensate U.S. investors in the Russian company that lost their money after the stock freeze following the Ukraine war. Essentially, the deal was going to be a cashless sale back to Lukoil securities held by U.S. investors in exchange for the company's global assets. The deal, as proposed, however, had been seen as too difficult to execute, Reuters said, citing its sources. The Treasury Department [Read more]

IMPACT SNAPSHOT
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CVX
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Price Change %
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%
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Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
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Low:
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%
POST NEWS RANGE
%
PRICE CHANGE

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%

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TICKS

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