Abundia Global Impact Group Authorized To Repurchase Up To $5 Mln Of Shares

Shell plc completed the sale of its 50% interest in the Na Kika platform and 100% in the Coulomb tieback in the Gulf of America to Talos Energy and Ridgewood Energy for $840 million. The deal includes future payments and royalty interests. Shell aims to reshape its portfolio, with the assets expected to be minor contributors by 2030. Shell's Deep Water business remains a key part of its strategy.

BHP Group has allocated $8.25 billion for reparations related to the Rio Doce disaster. The company's stock has seen a 5-day change of +1.39% and a year-to-date increase of +3.11%. This allocation is significant for investors as it impacts the company's financial commitments and ESG considerations.

Glencore suspended Peter Hill, its head of steelmaking raw materials, pending a review of its dealings with Singapore-based iron ore trader Radiant World. This follows a $2bn lawsuit by Radiant against Glencore units, alleging misrepresentation in audited accounts. Glencore denies wrongdoing and plans to contest the claims, citing evidence of falsified documents.

Chemours (CC) shares rose 3.10% after agreeing to a settlement with North Carolina and nearby communities over emissions. The stock is at $14.98, down 29.24% over 90 days. Analysts view it as undervalued at a fair value of $19.78, citing growth in advanced materials and cost optimization. However, PFAS liabilities and regulations pose risks.

TotalEnergies (TTE) and partner AMNI approved the Ima gas field development in Nigeria, with production expected to start in 2028. The project will supply gas for the Nigeria LNG Train 7 expansion, with TotalEnergies holding a 15% stake in the plant. The field is expected to produce 350 million cubic feet of gas per day, equivalent to 60,000 barrels of oil equivalent per day.

InnovAge Holding Corp. (INNV) shares dropped 9.43% in after-hours trading after announcing a secondary offering of 10 million shares at $9.25 each by selling stockholders. The company will not receive proceeds. Barclays, Goldman Sachs, and Wells Fargo are lead managers. INNV has a market cap of $1.45B and shares rose 121.52% over the past year.