Articles for tag: corporate debt, crude oil prices, financial strategies, oil market, refining margins, share buybacks, supermajor oil companies

October 28, 2024

Oil Giants Face Funding Challenges Amid Weak Crude Prices and Buybacks

Weaker crude prices and falling refining margins are pushing four of the five major oil companies to borrow money for $15 billion in share buybacks this past quarter. This raises concerns about the long-term sustainability of these payouts.

October 26, 2024

Market News

Business

Wendel Acquires Majority Stake in Monroe Capital for .13 Billion

Wendel Acquires Majority Stake in Monroe Capital for $1.13 Billion

French investment firm Wendel has agreed to acquire a majority stake in private lender Monroe Capital for $1.13 billion. This move aims to expand Wendel's presence in the growing private credit market. Monroe Capital's Chairman and CEO, Ted Koenig, discussed the deal in an interview with Sonali Basak on "Bloomberg Markets."