S&P Global Stock Price, News & Analysis

John F. Kerry, U.S. Special Presidential Envoy for Climate, will address the 41st CERAWeek by S&P Global from March 6-10 in Houston. This year's theme is 'Navigating a Turbulent World: Energy, Climate and Security'. The conference will address energy transition challenges amidst global uncertainty, discussing key themes like energy security, geopolitics, and innovation. Kerry's insights are anticipated to enhance dialogues on climate and energy security among industry leaders, policymakers, and experts. The event will also feature a technology hub showcasing transformative energy solutions.

S&P Global Mobility announced the winners of its 27th annual Automotive Loyalty Awards. General Motors secured the 'Overall Loyalty to Manufacturer' award for the eighth consecutive year, while Tesla was recognized for 'Overall Loyalty to Make' among other accolades. The automotive industry faced challenges in 2022, with loyalty decreasing to 50.2%, down from 54.6% in 2019. The awards highlighted Tesla's significant loyalty among ethnic consumers, who accounted for 52% of its loyal customer base. Mercedes-Benz and Subaru received notable awards as well, marking a strong performance in customer retention despite market pressures.

S&P Global (NYSE: SPGI) will feature President and CEO Douglas L. Peterson at the Raymond James' 44th Annual Institutional Investors Conference on March 6, 2023. Peterson is scheduled to present from 9:50 a.m. to 10:20 a.m. ET in Orlando, Florida. The event will be webcast live, providing insights that may include forward-looking information. Following the presentation, a replay will be available on the Company's Investor Relations website for three months, ending June 3, 2023. S&P Global offers essential intelligence and solutions across various markets, empowering entities to make informed decisions.

The CERAWeek by S&P Global 2023 will take place from March 6-10 in Houston, focusing on technology and innovation in the energy sector. The event will feature prominent speakers such as AWS CEO Adam Selipsky and bestselling author Walter Isaacson. Key topics include strategies for reducing emissions and addressing energy demands amidst global uncertainties. The CERAWeek Innovation Agora will showcase over 225 start-ups and facilitate discussions on technologies like hydrogen, carbon management, and digital solutions. The conference aims to foster collaboration among energy leaders, start-ups, and policymakers to tackle pressing energy challenges.

S&P Global Mobility reports that February 2023 U.S. light vehicle sales are projected at 1.1 million units, marking a 5% year-over-year growth and a 6% increase from January. The sales pace stands at 14.4 million units (SAAR), although this reflects a decline from January. Analysts note a rise in fleet sales, indicating consumer uncertainty. Despite concerns over demand destruction, expected increased production will improve vehicle availability by mid-2023, stimulating demand. The 2023 sales forecast is set at 14.8 million units, a 7% increase from 2022, driven by sustained development of battery-electric vehicle (BEV) sales.

S&P Global Mobility has announced the acquisition of Market Scan Information Systems, enhancing its automotive pricing and incentive intelligence capabilities. The move integrates Market Scan's Automotive Payments as a Service™ and payment calculation engine into S&P Global Mobility's offerings, aimed at providing greater value to dealers, OEMs, and lenders. Financial terms were not disclosed, but the acquisition is anticipated to bolster S&P Global Mobility's position in the growing digital automotive retail market. Leaders from both companies expressed excitement about the alignment of their visions and the potential for improved predictive pricing accuracy.

S&P Global Commodity Insights has announced details for the 13th International Fujairah Bunkering & Fuel Oil Forum (FUJCON 2023), scheduled for March 13-15, 2023, at Novotel Fujairah. Jointly hosted by the Government of Fujairah and the Port of Fujairah, the event follows a record oil handling year in 2022. Fujairah's storage capacity stands at 11.1 million cbm, with new storage projects expected. The forum will feature key speakers discussing topics under the theme 'The Maritime Energy Transition and Future Fuels,' addressing decarbonization and market trends affecting the bunkering industry.

A recent report by International Energy Forum and S&P Global Commodity Insights highlights the urgent need for upstream oil and gas investment to reach $640 billion annually by 2030, marking a 28% increase. Cumulative investment of $4.9 trillion is necessary to meet global demand and avoid shortages. Despite a 39% rise in capital expenditure in 2022 to $499 billion, drilling activity remains 10% below 2019 levels. Experts stress the importance of balancing traditional energy sources with renewables to ensure energy security and affordable supplies.

automotiveMastermind, a part of S&P Global Mobility, announces a new integration with Elead CRM, enhancing dealer partner efficiency. This integration allows Mastermind users to sync notes directly to Elead, streamlining customer communication and automating processes. Dealers can manage customer interactions more effectively, with notes automatically sent to the relevant deals in Elead. Chief Product Officer Aaron Baldwin emphasized the importance of CRM integrations for generating business outcomes. This marks automotiveMastermind's third key CRM integration, reinforcing its commitment to providing strategic technological solutions for dealerships.