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$CVX's Upstream earnings in 3Q15 were $59MM vs. $4.6Bil in 3Q14. The fall in earnings was due to lower crude oil & natural gas realizations, and higher tax items and depreciation expenses. On the contrary, Downstream earnings were $2.2Bil, up $0.8Bil YoverY. The increase was due to higher margins on refined product sales and favorable FX effects.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?