Financial Performance and Strategy news

25 August 2026

Equinor reshapes international portfolio — targets 950,000 boepd outside Norway by 2030

Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
25 August 2026

Olin and Huntsman shareholders approve all‑stock merger to form OlinHuntsman

Transaction cleared overwhelming preliminary shareholder votes; remains subject to regulatory approvals, certification and other customary closing conditions with closing targeted H1 2027.
25 August 2026

Sinopec 2026 mid-year results

H1 revenue RMB1,436.6bn; net profit RMB25.6bn; interim dividend RMB0.105/share; oil & gas eq 263.47m bbl; ethylene 6.394m t; chemical exports up 70%.
20 August 2026

Asahi Kasei develops lithium pre-doping method to boost silicon-rich LIB energy density

Electrolyte additives let low-cost lithium carbonate decompose at normal cell voltages, enabling pre-doping to cut first-cycle lithium loss and raise energy density (10% in a test cell).
19 August 2026

Avantium advances FDCA Flagship Plant start-up and readies financing package

Oxidation unit commissioned; full start-up and first FDCA production targeted end‑2026; 22 offtakes and >150 kt reservations secured; pursuing €55m equity plus a €20m NOM loan.
19 August 2026

PETRONAS Chemicals Group posts resilient 2Q 2026 earnings amid major turnarounds

Improved earnings despite reduced plant utilisation from major planned turnarounds; revenue RM7.9bn, EBITDA RM1.3bn and interim dividend RM480m.

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