On Thursday, Shares of The Goodyear Tire & Rubber Company (NASDAQ:GT), gained 2.89% to $28.79.
The Goodyear Tire & Rubber Company, has begun using a next-generation silica to enhance the fuel-efficiency of its tires. This new silica will be first used in the Goodyear EfficientGrip SUV tire, which is being launched this month in Latin American markets. Tires containing the silica also will be introduced in other regions within the next year.
For more than a decade, Goodyear researchers worked with PPG Industries to examine the effects of chemically treated silica on tire performance. The aim was to further improve rolling resistance without having a detrimental effect on traction in wet conditions. In Goodyear’s new EfficientGrip SUV tire, this next generation silica was used in a new tread compound and a new tread pattern to provide both improved rolling resistance and improved wet traction.
The Goodyear Tire & Rubber Company develops, manufactures, distributes, and sells tires, and related products and services in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.
Shares of Anadarko Petroleum Corporation (NYSE:APC), declined -0.99% to $88.77, during its last trading session.
Anadarko Petroleum Corporation, declared its financial and operating results for the first quarter of 2015, counting a first-quarter net loss attributable to common stockholders of $3.268 billion, or $6.45 per share (diluted). The net loss comprises certain items typically excluded by the investment community in published estimates, which in aggregate reduced net income by $2.903 billion or $5.73 per share (diluted) on an after-tax basis.(1) Net cash used in operating activities in the first quarter of 2015 was $4.504 billion, which comprised of the $5.2 billion Tronox settlement payment. Discretionary cash flow from operations totaled $1.495 billion.
FIRST-QUARTER 2015 HIGHLIGHTS
- Delivered record sales volumes, highlighted by year-over-year growth of more than 130,000 barrels of oil equivalent (BOE) per day on a divestiture-adjusted basis(3)
- Reduced operating expense per BOE by 17 percent over the first quarter of 2014
- Ramped production rates toward capacity at the Lucius facility in the Gulf of Mexico
- Discovered noteworthy oil accumulation at the Yeti prospect in the Gulf of Mexico
- Declared divestiture of improved oil recovery (EOR) assets in Wyoming.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing.
At the end of Thursday’s trade, Shares of EOG Resources, Inc. (NYSE:EOG), lost -1.66% to $93.50.
EOG Resources, stated a first quarter 2015 net loss of $169.7 million, or $0.31 per share. This compares to first quarter 2014 net income of $660.9 million, or $1.21 per share.
Adjusted non-GAAP net income for the first quarter 2015 was $16.8 million, or $0.03 per share, contrast to the same preceding year period adjusted non-GAAP net income of $767.7 million, or $1.40 per share. Adjusted non-GAAP net income is calculated by matching realizations to settlement months and making certain other adjustments in order to exclude one-time items.
EOG’s first quarter 2015 financial results were significantly influenced by low commodity prices. Raised liquids production volumes, higher cash settlements from commodity derivative contracts and lower operating expenses were more than offset by lower commodity price realizations, resulting in decreases to adjusted non-GAAP net income, discretionary cash flow and EBITDAX during the first quarter 2015 contrast to the first quarter 2014.
EOG Resources, Inc., together with its auxiliaries, explores for, develops, produces, and markets crude oil and natural gas. The company’s principal producing areas are located in New Mexico, North Dakota, Texas, Utah, and Wyoming in the United States; and Canada, Trinidad, the United Kingdom, and China.
Finally, Southern Company (NYSE:SO), ended its last trade with 0.34% gain, and closed at $44.23.
Georgia Power, is the largest partner of The Southern Company.
As the early summer sun rose on the parking lot of Georgia Power headquarters in Atlanta this morning, hundreds of Georgia Power employees, community and business leaders gathered for a special event around a glistening new fleet of plug-in electric hybrid Chevy Volts. Georgia Power Chairman, President & CEO Paul Bowers was joined by Commissioner Tim Echols of the Georgia Public Service Commission (PSC) and Michael Beinenson of the EV Club of the South to mark the addition of 32 new electric vehicles (EVs) to the company’s fleet.
“We are leading by example and demonstrating to our customers, and other Georgia businesses, that electric transportation works for all drivers,” said Bowers at the event. “Through constructive regulation, and partnerships with organizations like the EV Club of the South, we are growing the EV market in Georgia and assisting our customers reap the overwhelming benefits of driving electric.”
The Southern Company, together with its auxiliaries, operates as a public electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources in the states of Alabama, Georgia, Florida, and Mississippi.
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