Welcome to our dedicated page for Bunge Global SA news (Ticker: BG), a resource for investors and traders seeking the latest updates and insights on Bunge Global SA stock.
Bunge Global SA reports agribusiness developments tied to grain origination, storage and distribution, oilseed processing and refining, and plant-based oils, fats and proteins. The company connects farmers, commodity flows and food, feed and fuel customers through a global agricultural supply chain.
Recurring BG news includes operating and financial results, investor presentations, strategic growth and capital allocation updates, governance matters, shareholder voting items and capital-structure disclosures. Company updates also cover integration of the completed Viterra acquisition and portfolio additions such as soy protein concentrate, lecithin and soy crush assets.
Bunge (NYSE: BG) has finalized an asset purchase agreement to acquire Fuji Oil New Orleans' newly constructed port-based refinery at IMTT's Avondale Terminal in Louisiana. This state-of-the-art facility boasts multi-oil refining capabilities, enhancing Bunge’s customer base and operational footprint in North America. The acquisition aligns with Bunge's long-term strategy to expand its value-added oils segment, with expectations to commence operations in Q2 2023. The facility's expansion will create new job opportunities and strengthen Bunge's partnerships within the local community. Bunge has a longstanding relationship with IMTT, dating back 80 years, emphasizing their commitment to the region.
Bunge Limited (NYSE: BG) will announce its Q1 2023 results on May 3, 2023, before market opening. A conference call is scheduled for 7:00 am CT to discuss these results, accompanied by a slide presentation available on www.bunge.com.
Investors can access the webcast in the 'Events and presentations' section of the website. A replay will be available from May 3 to June 3, 2023, via specific dial-in numbers provided in the release.
Bunge aims to sustain global food security and innovate in food solutions, supported by a workforce of nearly 23,000 across 300 facilities in over 40 countries.
Bunge Limited (NYSE: BG) announced leadership changes ahead of the 2023 Annual General Meeting. Non-executive chairperson Kathleen Hyle and director Erik Fyrwald will not seek re-election. Mark Zenuk, a board member since 2018, is nominated to serve as non-executive chairperson, pending re-election. The board also plans to nominate Monica McGurk, CEO of Tropicana, and David Fransen, former chairman of Vitol, as new directors. Hyle expressed pride in the company's achievements during her tenure, while Zenuk emphasized the importance of the new nominees' experience in agribusiness and consumer goods. These changes aim to steer Bunge toward continued growth.
Bunge (NYSE: BG), Corteva (NYSE: CTVA), and Chevron (NYSE: CVX) announced a collaboration to introduce proprietary winter canola hybrids aimed at producing low-carbon plant-based oil. This initiative targets the renewable fuels market in the southern United States, creating a sustainable crop rotation for farmers while enhancing soil health. The plan includes a pilot program in the 2022-23 growing season to optimize management practices. Executives from the collaborating companies emphasized the importance of feedstock innovation for advancing a lower-carbon energy future and supporting agricultural productivity.
Bunge Limited (NYSE: BG) is set to replace Signature Bank (NASDAQ: SBNY) in the S&P 500 index before market open on March 15, 2023. This change comes after the Federal Deposit Insurance Corporation (FDIC) placed Signature Bank into receivership, rendering it ineligible for the index. The addition of Bunge, a major player in the consumer staples sector, highlights a significant shift in the index's composition. This move may affect investor sentiment towards both companies, particularly in light of Signature Bank's recent challenges.
Bunge Limited (NYSE: BG) announced a quarterly cash dividend of $0.625 per common share on February 22, 2023. This dividend is payable on June 2, 2023, to shareholders of record by May 19, 2023. Bunge, with over 200 years of experience, focuses on connecting farmers to consumers and enhancing food security globally. The company operates approximately 300 facilities in over 40 countries and emphasizes sustainability and innovation in the food industry.
X-energy Reactor Company, LLC has appointed Christopher Ginther and Kathleen Hyle to its Board of Directors, effective immediately. Ginther, from Ontario Power Generation, has invested $40 million in X-energy since 2021, while Hyle brings extensive governance experience from AmerisourceBergen and Bunge Limited. This leadership change coincides with X-energy's transition to a public company through a merger with Ares Acquisition Corporation (AAC), anticipated to close in Q2 2023. The Board aims to leverage their expertise to navigate growth in the advanced nuclear energy sector and achieve net-zero goals by 2040.
Bunge Limited (NYSE: BG) reported its Q4 and full-year 2022 results, revealing full-year GAAP EPS of $10.51, down from $13.64 in 2021. Adjusted EPS was $13.91 compared to $12.93 the previous year. In Q4, GAAP EPS was $2.21, up from $1.52, but adjusted EPS fell to $3.24 from $3.49. The company reported net income of $1,610 million for the year, down from $2,078 million in 2021. Despite these declines, Bunge anticipates a favorable market environment in 2023, expecting adjusted EPS of at least $11 per share and continued demand growth for food and renewable fuels.
Bunge has achieved 80% traceability of soybeans from its indirect supply chain in the Brazilian Cerrado. This initiative is part of the Sustainable Partnership Program, launched in 2021 to enhance sustainability in grain reselling. The company is now expanding its partnership with Vega Monitoramento to utilize the LYRA platform for enhanced monitoring and socio-environmental assessments.
By 2025, Bunge aims to establish deforestation-free supply chains, reflecting its commitment to responsible sourcing. The program supports resellers with training and technical assistance, fostering transparency and sustainability in the agribusiness sector.
Bunge Limited (NYSE: BG) will announce its Q4 2022 results on February 8, 2023, prior to market opening. A conference call is scheduled for 7:00 AM CT to discuss the results, with a slide presentation available on www.bunge.com. Investors can access the webcast in the 'Events and presentations' section of the website. A replay of the call will be available through March 8, 2023. Bunge is a leading player in oilseed processing and aims to enhance food security globally.