|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||7.60 - 8.20|
|52 Week Range||4.59 - 93.00|
|Beta (5Y Monthly)||0.26|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
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Occidental Petroleum (OXY) is reportedly in talks to acquire oil producer CrownRock in a deal estimated above $10 billion, according to the Wall Street Journal. The potential buyout follows other companies like Chevron (CVX) and Exxon (XOM) also investing in shale assets to scale output. Ford (F) trimmed its 2023 profit outlook citing higher than expected labor costs from the recent UAW contract. It now forecasts adjusted pretax earnings between $10 billion and $10.5 billion, down from $11 billion to $12 billion previously estimated. Vinfast Auto (VFS) shares closed higher Thursday afternoon, after the Vietnamese automaker announced it will debut its latest VF 9 electric model at the COP28 climate summit. The event presents an opportunity to boost Vinfast’s global brand alongside policymakers and sustainability leaders amid uncertainty in the EV market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Now it is also getting more analyst coverage and global recognition, too. Known as COP28, the summit will include a display of VinFast's VF 9 flagship SUV as well as participation by the vice chairwoman of VinFast's parent company Vingroup. The vice chairwoman will participate in a panel discussion entitled "Strengthening Sustainable Supply Chain Resilience."
VinFast Auto (NASDAQ: VFS) stock ripped higher Thursday morning and was trading up 21% as of 10:15 a.m. ET after the electric vehicle (EV) maker said it will display its highest-end model in Dubai at the annual United Nations summit on climate change, COP28. VinFast CEO Madame Le Thi Thu Thuy will join a panel discussion of global leaders to discuss green mobility solutions (among other things) at COP28, which will convene from Nov. 30 to Dec. 12 in Dubai. VinFast currently has five SUVs, and VF 9 is its highest-priced model with a starting price of $83,000 including battery and an EPA-certified range of 330 miles.