NYSE:SPGI

S&P Global Commodity Insights Raises 10-year Production Outlook for Canadian Oil Sands

Retrieved on: 
Thursday, May 9, 2024
Economics, S&P Global, AB, Investment, Learning, Projection, TMX, Oil

CALGARY, AB, May 9, 2024 /PRNewswire/ -- S&P Global Commodity Insights has raised its 10-year oil sands production outlook for the second consecutive year. The updated forecast expects Canadian oil sands production to reach 3.8 million barrels per day (mbd) by 2030—half a million barrels per day higher than today. The new projection represents an increase of nearly 100,000 b/d (or 3%) in 2030 from the previous outlook. This also marks the first time S&P Global is making public its outlook to 2035 where initial declines in production begin to emerge.

Key Points: 
  • CALGARY, AB, May 9, 2024 /PRNewswire/ -- S&P Global Commodity Insights has raised its 10-year oil sands production outlook for the second consecutive year.
  • The updated forecast expects Canadian oil sands production to reach 3.8 million barrels per day (mbd) by 2030—half a million barrels per day higher than today.
  • The new forecast, produced by the S&P Global Commodity Insights Oil Sands Dialogue , attributes the increased projection to producers' ongoing focus on maximizing existing assets through investments in optimization and efficiency.
  • "Oil sands production continues to grow despite concerns about the advancing federal oil gas emissions cap's potential impact on production," said Celina Hwang, Director, North American Crude Oil Markets, S&P Global Commodity Insights.

S&P Global Market Intelligence Global Bank Ranking: Chinese Banks Maintain Dominance in 2023 Despite Economic Headwinds

Retrieved on: 
Thursday, May 9, 2024
Agricultural Bank, JPMorgan Chase, HDFC Bank, Research, Commercial bank, Citigroup, HSBC, Bank, Face, S&P Global

NEW YORK, May 8, 2024 /PRNewswire/ -- Chinese banks maintained their dominance in the global largest lender rankings of 2023 despite a downturn in the property sector, according to the Global Bank Ranking published by S&P Global Market Intelligence, an annual ranking of the 100 largest banks in the world by total assets.

Key Points: 
  • Chinese banks kept 20 positions in the ranking, including the top four, showcasing the continued strength of China's banking sector.
  • Industrial and Commercial Bank of China Ltd. remained the world's largest bank, with assets of $6.3 trillion.
  • "Elevated inflation and higher interest rates served as headwinds to global economic growth and the commercial real estate sector.
  • Despite a downturn in the property sector, Chinese banks retained their place as the largest in the world," said Nathan Stovall, director of financial institutions research at S&P Global Market Intelligence.

S&P Global to Present at the Barclays Americas Select Franchise Conference on May 7, 2024

Retrieved on: 
Friday, May 3, 2024
Webcast, Web browser, S&P Global, SPGI, URL, Conference

NEW YORK, May 3, 2024 /PRNewswire/ -- Doug Peterson, President and Chief Executive Officer of S&P Global (NYSE: SPGI), will participate in the Barclays Americas Select Franchise Conference on May 7, 2024 in London, UK. Mr. Peterson is scheduled to speak from 1:30 p.m. to 2:10 p.m. British Summer Time (8:30 a.m. to 9:10 a.m. Eastern Daylight Time). The "fireside chat" will be webcast and may include forward-looking information.

Key Points: 
  • NEW YORK, May 3, 2024 /PRNewswire/ -- Doug Peterson, President and Chief Executive Officer of S&P Global (NYSE: SPGI), will participate in the Barclays Americas Select Franchise Conference on May 7, 2024 in London, UK.
  • Mr. Peterson is scheduled to speak from 1:30 p.m. to 2:10 p.m. British Summer Time (8:30 a.m. to 9:10 a.m. Eastern Daylight Time).
  • The webcast (video) will be available live and in replay through the Company's Investor Relations website http://investor.spglobal.com/Investor-Presentations (please copy and paste URL into web browser).
  • Any additional information presented during the session will be made available on the Company's Investor Presentations web page.

S&P CORELOGIC CASE-SHILLER INDEX'S UPWARD TREND PERSISTS IN FEBRUARY 2024

Retrieved on: 
Thursday, May 2, 2024
Digital asset, Composite, Commodity, Real, Federal Reserve, City, Housing, S&P Dow Jones Indices, History, National Home, Face, Fed, Growth, Cryptocurrency

NEW YORK, May 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the February 2024 results for the S&P CoreLogic Case-Shiller Indices.

Key Points: 
  • NEW YORK, May 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI) today released the February 2024 results for the S&P CoreLogic Case-Shiller Indices.
  • The leading measure of U.S. home prices shows that 18 out of the 20 major metro markets reported month-over-month price increases.
  • The 10-City Composite showed an increase of 8.0%, up from a 7.4% increase in the previous month.
  • The 20-City Composite posted a year-over-year increase of 7.3%, up from a 6.6% increase in the previous month.

S&P Global Announces Successful Completion of Visible Alpha Acquisition

Retrieved on: 
Wednesday, May 1, 2024
Slate, Feed, LLP, Capital, SPGI, Research, Jefferies Group, S&P Global, Acquisition, Morgan, Lewis & Bockius, API, Overalls, Alpha, Cryptocurrency

NEW YORK, May 1, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the successful completion of its acquisition of Visible Alpha, the financial technology provider of deep industry and segment consensus data, creating a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform.

Key Points: 
  • NEW YORK, May 1, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the successful completion of its acquisition of Visible Alpha, the financial technology provider of deep industry and segment consensus data, creating a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform.
  • Visible Alpha will be operated within the S&P Global Market Intelligence division.
  • "Visible Alpha and its innovative team are an outstanding complement to S&P Global's culture and capabilities," said Adam Kansler, President of S&P Global Market Intelligence.
  • S&P Global announced its agreement to acquire Visible Alpha in February 2024.

S&P Global Declares Second Quarter Dividend

Retrieved on: 
Tuesday, April 30, 2024
Corporation, SPGI, S&P Global, Holding company

NEW YORK, April 30, 2024 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend on the Corporation's common stock for the second quarter of 2024.

Key Points: 
  • NEW YORK, April 30, 2024 /PRNewswire/ -- The Board of Directors of S&P Global (NYSE: SPGI) has approved a cash dividend on the Corporation's common stock for the second quarter of 2024.
  • The dividend of $0.91 is payable on June 12, 2024, to shareholders of record on May 29, 2024.
  • The annualized dividend rate is $3.64 per share.
  • The Company has paid a dividend each year since 1937 and is one of fewer than 30 companies in the S&P 500® that has increased its dividend annually for at least the last 50 years.

S&P Global Mobility: April auto sales to sustain spring volume push

Retrieved on: 
Monday, April 29, 2024
Environment, SAAR, Growth

SOUTHFIELD, Mich., April 29, 2024 /PRNewswire/ -- S&P Global Mobility projects new light vehicle sales volume in April 2024 to reach 1.34 million units. While this unadjusted volume total would be a drop from both the month prior (down 7%) and year-ago (down 2%) levels, two fewer selling days than March 2024 and one less than April 2023 more than account for any potential declines. This volume would translate to an estimated sales pace of 16.0 million units (seasonally adjusted annual rate: SAAR), just the third time in the past twenty-four months the metric has reached this level.

Key Points: 
  • While expected to be below the March 2024 volume total, new light vehicle sales volume in April should sustain some of the spring selling momentum
    SOUTHFIELD, Mich., April 29, 2024 /PRNewswire/ -- S&P Global Mobility projects new light vehicle sales volume in April 2024 to reach 1.34 million units.
  • This volume would translate to an estimated sales pace of 16.0 million units (seasonally adjusted annual rate: SAAR), just the third time in the past twenty-four months the metric has reached this level.
  • The supply side of the auto equation is continuing to show signs of advancement, hinting at sustained growth for inventories and incentives moving through 2024.
  • S&P Global Mobility projects calendar-year 2024 light vehicle sales volume of 16.0 million units, a 3% increase from 2023."

Private Equity and Venture Capital Industry Shows Resilience and Optimism in 2024 Amidst Shifting Market Dynamics according to S&P Global Market Intelligence survey

Retrieved on: 
Monday, April 29, 2024
Investment, GP, Artificial intelligence, Growth, Optimism, LP record, S&P Global, Venture capital, Financial services

NEW YORK, April 29, 2024 /PRNewswire/ -- The private equity industry is showing resilience and optimism for 2024 despite shifting market dynamics, according to the S&P Global Market Intelligence 2024 Private Equity and Venture Capital Outlook. According to the outlook, private equity executives are notably more optimistic about deal activity in 2024 with 60% expecting an improvement, compared to 34% last year. Survey respondents also showed increased interest in private credit and shared that artificial intelligence (AI) will play a larger role in deal sourcing and target selection.

Key Points: 
  • NEW YORK, April 29, 2024 /PRNewswire/ -- The private equity industry is showing resilience and optimism for 2024 despite shifting market dynamics, according to the S&P Global Market Intelligence 2024 Private Equity and Venture Capital Outlook.
  • Key highlights from the 2024 Private Equity and Venture Capital outlook:
    Mid-tier and smaller private equity (PE) firms are more optimistic for the deal activity to pick up in 2024 compared to their larger peers.
  • The S&P Global Market Intelligence Private Equity and Venture Capital Outlook surveyed a total of 370 global private equity, venture capital and limited partner respondents across North America, Latin America, Asia Pacific, Middle Eastern and Africa regions.
  • To request a copy of the 2024 Private Equity and Venture Capital Outlook, please contact [email protected].

S&P Global Market Intelligence Quarterly Report Finds Global M&A Deal Value Rose 18.5% YOY in Q1, Volume Fell to Lowest Level Since Q2 2020

Retrieved on: 
Tuesday, April 30, 2024
IPO, Equity, S&P Global, COVID-19, Investment, Optimism, Acquisition, Video game

NEW YORK, April 30, 2024 /PRNewswire/ -- Despite Global M&A deal volume falling to the lowest level in almost four years, global M&A value increased in the first quarter of 2024, according to S&P Global Market Intelligence's newly released 2024 Q1 Global M&A and Equity Offerings Report.

Key Points: 
  • NEW YORK, April 30, 2024 /PRNewswire/ -- Despite Global M&A deal volume falling to the lowest level in almost four years, global M&A value increased in the first quarter of 2024, according to S&P Global Market Intelligence's newly released 2024 Q1 Global M&A and Equity Offerings Report.
  • Higher interest rates have increased economic uncertainty and the cost of financing, which have decreased demand for M&A activity.
  • Key highlights from the quarterly report include:
    The number of global M&A announcements fell to 9,022, the lowest total since onset of the COVID-19 pandemic disrupted markets in the second quarter of 2020.
  • S&P Global Market Intelligence has produced the quarterly global M&A and equity offering report since the first quarter of 2018.

S&P Global Reports First Quarter Results

Retrieved on: 
Thursday, April 25, 2024
Supplement, EDT, S&P Global, SPGI, Conference

NEW YORK, April 25, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported first quarter 2024 results.

Key Points: 
  • NEW YORK, April 25, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today reported first quarter 2024 results.
  • The Company's earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings .
  • Supplemental Information/Conference Call/Webcast Details: The Company's senior management will review the first quarter 2024 earnings results on a conference call scheduled for today, April 25, at 8:30 a.m. EDT.
  • Additional information presented on the conference call may be found on the Company's Investor Relations Website at http://investor.spglobal.com/Quarterly-Earnings .