Stock market news

NOVATEK

Novatek will sell the gas pipeline to Murmansk to Gazprom in installments after its completion and will pay the monopoly for pumping gas for Murmansk LNG, sources told Kommersant. Cost of construction of the gas pipeline with compression stations may amount to about ₽800 billion, guess consultant at Implementsa Evgeniya Popova.

LUKOIL

Lukoil Oil Company and the Iraqi Ministry of Energy discussed in Moscow the development of the West Qurna-2 field by the Russian company. Country's authorities expect production growth from the current 500,000 to 800,000 bpd within three years, the country's Oil Minister Haiyan Abdel Ghani told reporters. Parties also made a number of minor changes to the co...

Caterpillar

The Caterpillar Board of Directors announced a quarterly dividend of $1.3 per share. The last day to buy securities to receive the dividend is October 19, 2023. The annual dividend yield may reach 1.97%.

Aeroflot

Aeroflot Group in September 2023 carried 4.589 million passengers, up 4.7% from 4.382 million passengers a year earlier. Passenger turnover increased by 13.4% to 12.135 billion pkm. Seat occupancy increased by 3.2 p.p., amounting to 88.9%. At the end of 9 months, passenger traffic grew by 14.6% to 35.82 million people and passenger turnover increased by 23%...

Pioneer Natural Resources

Exxon Mobil and Pioneer Natural Resources have entered into a merger agreement. Pioneer shareholders will receive 2.3234 shares of Exxon Mobil in exchange for one share of their company, which corresponds to a price of $253 per share. Completion of the merger is expected to take place in the first half of 2024.

Taganrog Boiler Plant Krasny Kotelshchik

Taganrog Boiler Plant Krasny Kotelshchik's RAS net profit for 9 months of 2023 amounted to ₽712.97 million, against a loss of ₽184.42 million in the previous year. Revenue rose 20.7% to ₽7.838 billion against ₽6.493 billion a year earlier.

NOVATEK

Novatek will build the Volkhov - Murmansk - Belokamenka gas pipeline to Murmansk LNG independently and at its own expense. Its design capacity has been increased from 30 to 40 billion cubic meters to meet all the needs for additional gas supply to the regions.

Rosneft Oil Company

Final investment decision on the project of oil refining complex of Rosneft and Indonesian Pertamina in the city of Tuban on the island of Java in Indonesia may be made in the II-IV quarter of 2024, said a representative of the Ministry of Energy and Mineral Resources of Indonesia Tutuka Ariadji. Earlier it was reported that the decision could be made in ear...

Solidcore Resources

Polymetal purchased 2,543,840 common shares under the second tranche of the exchange offer in addition to the 39,070,838 shares that were exchanged on December 9, 2022. Thus, a total of 41,614,678 common shares were exchanged, which are now accounted for by the company as treasury shares. Company intends to redeem these shares upon relaxation of the restrict...

Rushydro

Poor quality of Evolute electric cars, which are used in the Green Crab carsharing service, leads to the downtime of more than 20% of the fleet, Dmitry Belyaev, General Director of Rusgidro Electric Power Plant, said at a round table on the prospects of electric transport in the Federation Council. At the same time, the equipment is leased, and payments for...