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Hindustan Unilever falls after adjusting for ice cream business spin-off

** Hindustan Unilever falls 2.4% to 2,365 rupees** Stock adjusts for demerger of ice cream business** Shareholders of consumer staples major get one share of demerged ice cream business unit Kwality Wall's (India)** ICICI securities says ice cream business contributes ~3% to co's revenues and insignificantly to bottomline** Adds that ice cream business likely valued at 95 billion rupees ($1.06 billion)-119 billion rupees; value per share is 40-50 rupees($1 = 89.8560 Indian rupees)

Reuters·
US
UL
-0.42%
US
TGT
+0.74%
US
COST
-2.86%
Reuters·
US
UL
-0.42%
US
TGT
+0.74%
US
COST
-2.86%

Chevron Australia and Gorgon JV participants take final investment decision on Gorgon stage 3 development

Chevron Australia and Gorgon JV participants take final investment decision on Gorgon stage 3 development

marketscreener·
US
CVX
+0.44%
marketscreener·
US
CVX
+0.44%

Chevron Australia & Gorgon JV Participants Takes Final Investment Decision On Gorgon Stage 3 Development

Chevron Corp :CO, GORGON JV PARTICIPANTS TAKEN FINAL INVESTMENT DECISION ON GORGON STAGE 3 DEVELOPMENTDEVELOPMENT INVOLVES INSTALLATION OF 3 MANIFOLDS, 35KM PRODUCTION FLOWLINE AMONG OTHER ASSOCIATED INFRASTRUCTUREA$3 BILLION BACKFILL DEVELOPMENT CONNECTS OFFSHORE GERYON & EURYTION NATURAL GAS FIELDS TO GORGON’S FACILITIES ON BARROW ISLAND

Reuters·
US
CVX
+0.44%
Reuters·
US
CVX
+0.44%

Chevron-operated Gorgon project secures $2 billion investment nod

Chevron's Australian unit announced a $2 billion investment in the Gorgon Stage 3 development off Western Australia's coast. The project, a joint venture with Exxon Mobil, Shell, Osaka Gas, JERA, and MidOcean, aims to connect offshore gas fields to existing infrastructure, ensuring long-term gas supply for Western Australia and LNG for Asia. Gorgon can produce 300 terajoules of gas daily for the local market and 15.6 million tonnes of LNG annually.

Reuters·
US
CVX
+0.44%
Reuters·
US
CVX
+0.44%

Macy’s: Strong Performance Overshadowed by Valuation Concerns

BTIG analyst Robert Drbul maintains a Hold rating on Macy's stock, citing strong performance but valuation concerns. Macy's has exceeded expectations in revenue and earnings for three consecutive quarters, benefiting from its multi-brand strategy. However, the stock's current valuation, with a P/E ratio of 10.5 times the 2026 EPS estimate, is higher than its historical average. Drbul advises waiting for a better entry point. Telsey Advisory also maintains a Hold rating with a $25 price target.

Tip Ranks·
US
M
-0.62%
Tip Ranks·
US
M
-0.62%
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