On Monday, Chevron Corporation (NYSE:CVX)’s shares inclined 3.35% to $89.34.
Chevron Corporation (CVX) confirmed that its partner, Chevron Overseas (Congo) Limited, and partners have started production from the deepwater development Moho Bilondo Phase 1b offshore the Republic of Congo.
Located about 46 miles (75 km) off the coast of Pointe-Noire in water depths ranging from 2,400 to 4,000 feet (750 to 1,200 meters), Moho Bilondo Phase 1b is part of the Moho Nord joint development project, the largest-ever oil and gas project undertaken in the Republic of Congo. The Moho Bilondo Phase 1b project comprises 11 wells tied back to an existing floating production unit and is predictable to produce a total of 40,000 barrels of oil per day.
“First oil from the Moho Bilondo Phase 1b development is the latest successful start-up in our diverse portfolio of deepwater projects, which we expect to generate value for years to come,” said Jay Johnson, executive vice president Upstream, Chevron Corporation.
Chevron Corporation, through its auxiliaries, engages in the petroleum, chemicals, and power and energy operations worldwide. The company operates in two segments, Upstream and Downstream.
Northern Tier Energy LP (NYSE:NTI)’s shares dropped -2.94% to $23.73.
Northern Tier Energy LP (NTI) will report its financial results for the fourth quarter and full year ended December 31, 2015, on Thursday, February 25, 2016, before the open of trading on the New York Stock Exchange. Northern Tier will also host a conference call to talk about these results on Thursday, February 25, 2016, at 11:30 a.m. EST.
Northern Tier Energy LP, an independent downstream energy company, engages in refining, retail, and pipeline operations in the United States. It operates through two segments, Refining and Retail. The Refining segment offers refined products, counting gasoline, diesel, jet fuel, and asphalt to resellers and consumers primarily in the Petroleum Administration for Defense District II region.
At the end of Monday’s trade, Mondelez International Inc (NASDAQ:MDLZ)‘s shares surged 1.38% to $43.32.
Mondelez International - More than 12,000 employees volunteered nearly 40,000 hours across 70 countries during Mondelēz International’s annual Global Volunteer Month campaign. As part of its commitment to protect the well-being of people and the planet, the company dedicated the month of October to giving back to communities, inspiring employees to answer the call through meaningful service projects that promote healthy lifestyles, overall community well-being and employee growth and development.
Developing Micro-Enterprises in Cocoa Farming Communities
Among the thousands of volunteers, 14 employees served as “Joy Ambassadors” during a two-week skills-exchange mission in Ghana. This team had the unique chance to learn about the challenges and opportunities in securing a sustainable cocoa supply while sharing their diverse business skills - from agronomy and research and development to operations, procurement, marketing and law. The team, representing ten countries (Australia, Brazil, Canada, China, Columbia, Egypt, Turkey, United Arab Emirates, the United States and Switzerland), lived in Aysikrom, Adiembra and Ehiamenkyene, three of the more than 200 Ghanaian villages active in Cocoa Life, the company’s 10-year, $400 million cocoa sustainability program.
Leveraging their day-to-day expertise, the Joy Ambassadors facilitated micro-enterprise workshops focused on developing entrepreneurial skills to assist local communities. They shared their insights on how to identify and launch a business idea, by scaling a business through effective marketing practices and building the critical facilitation, partnership and influencing skills to assist enable positive community outcomes.
Mondelez International, Inc., through its auxiliaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, counting cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products.