|Bid||311.45 x 0|
|Ask||311.95 x 0|
|Day's Range||301.70 - 313.35|
|52 Week Range||4.69 - 537.00|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 27, 2020|
|Forward Dividend & Yield||0.16 (5.21%)|
|Ex-Dividend Date||Aug 13, 2020|
|1y Target Est||7.99|
Mexico's president has given officials until late September to craft a plan to reassert state control over the energy industry as an alternative to constitutional change to achieve the same goals, according to three people familiar with the matter. According to the sources, Lopez Obrador read out the memorandum to some two dozen regulators and officials and gave them until Sept. 22, the date of a planned follow-up meeting, to report back on how to make its 17 points a reality. Published by Mexican media and seen by Reuters, the memorandum distilled how Lopez Obrador intends to roll back the business-friendly 2013-14 liberalization of the energy market pushed through by his predecessor, Enrique Pena Nieto.
I Squared Capital is planning an auction to sell power firm Energia Group later this year, with the infrastructure fund aiming to secure a valuation of around 2 billion euros ($2.35 billion) including debt, sources familiar with the matter said. Called Viridian Group until a 2019 rebranding, Energia owns and operates around 1 gigawatt of renewable and conventional power generation in the Republic of Ireland and Northern Ireland, and provides gas and electricity to over 750,000 customers, according to its website. A sale process for Energia is expected to begin later this year, subject to market conditions, according to four sources, who spoke on condition of anonymity as the information is not public.
U.S. oil major Exxon Mobil said on Tuesday it has signed an agreement with Global Clean Energy to buy 2.5 million barrels of renewable diesel per year for five years to help reduce its carbon footprint. Investors in recent years have increased pressure on fossil fuel companies, including Exxon Mobil, to reduce emissions, spend more on low-carbon energy and make disclosures on the impact of fossil fuel production on climate change. The renewable diesel will be sourced from Global Clean Energy's refinery in Bakersfield, California, starting 2022.