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Chevron to join Nigeria oil licence auction, plans rig deployment in 2026

Chevron plans to join Nigeria's next oil licensing round and deploy a drilling rig in 2026 to expand its operations. The company aims to grow its footprint in Nigeria, citing improved regulatory clarity under the Petroleum Industry Act. Chevron recently acquired a 40% stake in two offshore exploration licenses from TotalEnergies and plans to drill near Agbami. The company has experienced improved security with no oil theft or sabotage in the past year.

Reuters·
US
CVX
-0.74%
Reuters·
US
CVX
-0.74%

Coca-Cola’s Tax Lawsuit: Transfer Pricing Risk Consideration for Business in Vietnam

Vietnam's tax authority has intensified scrutiny on related-party transactions, as highlighted by the recent Coca-Cola case. The Ho Chi Minh City People’s Court upheld a tax assessment against Coca-Cola Vietnam, confirming over VND 821.4 billion in back taxes and penalties. This ruling signals stricter oversight on transfer pricing, urging multinationals to reassess their economic substance and pricing structures in Vietnam. The case emphasizes the need for compliance with local tax regulations, especially for companies with significant related-party transactions.

vietnam·
US
KO
-0.45%
vietnam·
US
KO
-0.45%

Who has the best coverage? New FCC data compares Verizon, T-Mobile, AT&T in every state

The FCC released data comparing Verizon, T-Mobile, and AT&T's coverage. Verizon leads in 4G LTE coverage with 60%, followed by AT&T at 57% and T-Mobile at 45%. For 5G coverage, T-Mobile ranks first, AT&T second, and Verizon third. The FCC's National Broadband Map allows users to check coverage by address, comparing speeds and providers. The map includes data for 2025 and is regularly updated.

Thehill·
US
VZ
+1.64%
US
T
+0.28%
US
TMUS
+1.49%
Thehill·
US
VZ
+1.64%
US
T
+0.28%
US
TMUS
+1.49%

J&J directs a new campaign with Naomi Watts in the spotlight

Johnson & Johnson has launched a new campaign with actress Naomi Watts to promote vision health among women over 40. The initiative aims to integrate eye exams into self-care routines, highlighting the importance of eye health in overall well-being. J&J's vision portfolio includes treatments for age-related conditions, and the campaign seeks to encourage routine eye checks. A survey commissioned by J&J found that while many value clear vision, a significant number neglect regular eye exams. The campaign aligns with Watts' advocacy for health and wellness in aging.

Fiercepharma·
US
JNJ
-0.21%
Fiercepharma·
US
JNJ
-0.21%

Sector Update: Energy Stocks Edge Higher Premarket Friday

Energy stocks edged higher premarket Friday, with XLE slightly advancing. USO fell 0.3%, while UNG rose 4.3%. WTI crude oil and Brent crude oil both decreased by 0.1%, while natural gas futures increased by 3.8%. BP is in talks to sell its Castrol business, with its stock down over 2%. NFE shares rose over 6% after approval of a Gas Supply Agreement. Chevron and partners made a final investment decision on the Gorgon Stage 3 development. Shell shares fell over 1% premarket.

fidelity·
US
CVX
-0.74%
fidelity·
US
CVX
-0.74%
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