On Thursday, Shares of Union Pacific Corporation (NYSE:UNP), gained 0.48% to $90.53.
Rob Knight, chief financial officer of Union Pacific Corporation (UNP), will address the Goldman Sachs Industrials Conference 2015 at 9:20 a.m. ET on Wednesday, November 4, 2015, in Boston.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
Shares of Caterpillar Inc. (NYSE:CAT), inclined 0.03% to $71.99, during its last trading session.
Caterpillar, declared it will host the first national summit focused on catalyzing the industry of natural infrastructure restoration on Wednesday, November 4, 2015 from noon to 5 p.m. at the Grand Hyatt in New York City.
Caterpillar will convene leaders from the engineering, construction and financial sectors, in addition to thought leaders from academia, non-government organizations and government officials to engage in a negotiation on the need for and the benefits of restoring degraded natural infrastructure – such as forests, prairies, agricultural lands, estuaries, coastal landscapes and wetlands – in addition to the opportunities it offers with respect to the global sustainable development aims. The outcomes from the dialogue will drive noteworthy recommendations for both the public and private sectors.
“Our deep relationships with a wide range of infrastructure businesses – from traditional construction to sustainable building to agriculture to energy and transportation – put us in a unique position to give this sustainability topic the focus it deserves,” said Karl Weiss, vice president with responsibility for Caterpillar’s Earthmoving Division. “We believe this could represent new opportunities for Caterpillar and our customers. But, more importantly, we recognize that preserving and restoring our natural assets just makes sense for our business and our global community.”
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.
Finally, Shares of Statoil ASA(ADR) (NYSE:STO), ended its last trade with -2.06% loss, and closed at $ 15.97.
Statoil, delivered adjusted earnings of NOK 16.7 billion and adjusted earnings after tax of NOK 3.7 billion in the third quarter. Statoil stated net income in accordance with IFRS of negative NOK 2.8 billion, mainly due to net impairment charges and provisions.
“We continue to reduce underlying operational costs and deliver a quarter with strong operational performance and solid results from marketing and trading. In the third quarter, our financial results continued to be affected by low liquids prices. The results enable us to improvement our guided production growth to above 3% for 2015, in addition to reduce the guided capital expenditure level with USD 1 billion to around USD 16.5 billion. We have generated a strong cash flow in the current environment and have a solid balance sheet with a net debt ratio of 24%,” says president and CEO of Statoil ASA, Eldar Saetre.
Adjusted earnings were NOK 16.7 billion in the third quarter contrast to NOK 30.9 billion in the same period in 2014. The reduction was primarily a consequence of lower liquids prices and raised depreciation, partially offset by stronger refining margins, good operational performance and reduced underlying operating costs. Realized average liquids prices in the quarter were down 37% measured in NOK contrast to the third quarter last year. Adjusted earnings after tax were NOK 3.7 billion, contrast to NOK 9.1 billion in the same period last year.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.