Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
S&P Global has appointed Daniel Yergin as Vice Chairman following its merger with IHS Markit. Yergin, previously Vice Chairman of IHS Markit, brings extensive experience in energy and economics to the leadership team. His appointment is effective immediately, and he will report to CEO Doug Peterson. Yergin's credentials include award-winning publications and significant roles in global energy discussions. This move is expected to enhance S&P Global's intelligence and analytics capabilities in the evolving market landscape.
The Global Bank Rankings by S&P Global Market Intelligence reveal that Chinese banks retained their top positions, while European lenders saw declines in their asset rankings. In 2021, 26 of 37 European banks fell in rank amid a 2.16% decrease in total assets to $36.9 trillion. Chinese banks like Industrial & Commercial Bank of China solidified their lead. Meanwhile, U.S. banks like JPMorgan Chase and Bank of America improved their rankings. Analysts note that slowing economic growth and competitive pressures are contributing factors.
Gogo Inc. (GOGO) will be included in the S&P SmallCap 600 Index effective April 8, 2022, following the acquisition of SPX FLOW Inc. (FLOW) by Lone Star Funds. This index addition represents a significant change in the index composition, with Gogo replacing SPX FLOW, which will be removed from the index. Being part of the S&P SmallCap 600 can enhance Gogo's visibility and attract more investment interest, potentially impacting its stock performance positively.
S&P Global Ratings forecasts that sovereign borrowing will reach $10.4 trillion in 2022, exceeding pre-pandemic levels by nearly one-third. Key factors include high debt-rollover needs and challenges in fiscal policy normalization due to pandemic effects, high inflation, and geopolitical tensions, particularly from the Russia-Ukraine conflict. The total commercial sovereign debt stock is projected to hit a record $66.5 trillion, with the G-7 nations contributing 70% of this total. Investment-grade borrowing is expected to dominate issuance.
S&P Global Commodity Insights releases a report indicating that greenhouse gas (GHG) emissions from Canadian oil sands are projected to decline by the mid-decade, despite an increase in production. The report, titled The Trajectory of Oil Sands GHG Emissions: 2009-2035, forecasts a 20-28% reduction in GHG intensity from 2020 to 2035. While immediate increases in absolute emissions are anticipated, advancements in technology and efficiency, particularly carbon capture and steam displacement technologies, are expected to significantly impact future emissions.
S&P Commodity Insights has introduced new Platts monthly Methane Intensity calculations for 19 US natural gas production basins, enhancing visibility on emissions from fossil fuel production. Utilizing satellite technology, these calculations reveal the true volume of methane emissions, a greenhouse gas significantly more potent than CO2. This initiative aims to prioritize methane emission reduction in climate change efforts. The data includes daily pricing in dollars per MMBtu and CO2 equivalent metrics, marking a significant step towards better environmental accountability in the energy sector.
S&P Global (NYSE: SPGI) announced the final settlement of its cash tender offer for outstanding Senior Notes. Approximately $2.3 million in aggregate principal amount were tendered by the March 31, 2022 deadline, adding to approximately $1.6 billion previously tendered by March 17, 2022. This totals approximately 73.84% of the outstanding Notes. The early tender premium for Notes accepted was $30 per $1,000. Holders of Notes will receive accrued interest, and the Company intends to redeem remaining outstanding Notes following this Offer.
S&P Global (NYSE: SPGI) will release its first quarter 2022 financial results on May 3, 2022, at 7:15 a.m. EDT. A conference call will follow at 8:30 a.m. EDT, hosted by CEO Douglas L. Peterson and CFO Ewout Steenbergen, to discuss the results. The webcast will be accessible live and as a replay for a year on their Investor Relations site. Investors can access the call via telephone, with specific numbers for U.S. and international callers provided.
S&P Dow Jones Indices reported a significant increase in U.S. common dividend payments, with net changes rising by $18.2 billion in Q1 2022. This marks a slight improvement from $18.0 billion in both Q4 2021 and Q1 2021. Total U.S. common dividend increases reached $86.0 billion over the past 12 months, a substantial 74.3% increase from the previous year. Despite a $6.9 billion reduction by AT&T impacting overall figures, the overall dividend outlook remains positive with a median increase of 9.52% in Q1 2022 within the S&P 500.
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