On Monday, Shares of BP plc (ADR)(NYSE:BP), added 1.38% and closed at $36.67 in the last trading session. The last trading range of the stock ranges between $36.42 and $36.83. The company’s Market capitalization is $118.29 Billion with the total Outstanding Shares of 18.78 billion. BP p.l.c. operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGLs). It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, in addition to NGLs extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers lubricants, and related products and services under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. This segment also sells gasoline, diesel, and aviation fuel. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. This segment also owns and operates 10 refineries in Russia; and refineries in Germany. As of December 31, 2015, it owned and operated about 2,500 retail service stations in Russia and internationally.
Lam Research Corporation (NASDAQ:LRCX), jumped 1.79% and closed at $102.15 in the last trading session. The last trading range of the stock ranges between $100.61 and $102.44. The company’s Market capitalization is $16.50 Billion with the total Outstanding Shares of 161.26 million. During the 52-week trading session the minimum price at which share price traded, registered at $63.10 and reached to max level of $102.44. Lam Research Corp. (LRCX) and KLA-Tencor (KLAC) recently declared that they have mutually agreed to terminate their projected merger agreement. After careful review of recent antitrust agency feedback and evaluation of their options, both companies have decided that it is not in the best interest of their respective stakeholders to continue pursuing the merger. In accordance with terms set forth in the merger agreement, no termination fees will be payable by either company.
“We believe that this projected combination would have resulted in compelling benefits for our customers, employees and stockholders, in addition to accelerate innovation in the broader semiconductor industry, so we are disdesignated with the outcome. However, together with our customers, we have affirmed the value of closer cooperation between process and process control for new enabling solutions, for that reason, we plan to explore partnershipopportunities with KLA-Tencor around programs identified as beneficial to our customers,” said Martin Anstice, president and chief executive officer.
Anstice continued: “Lam’s growth trajectory as a standalone company remains firmly in place. We are more committed than ever to moving forward with the company’s mission of creating and delivering raised value to all stakeholders. The need for leading-edge wafer processing capability, particularly those enabling the key technology inflections, continues to become even more critical to our customers as they seek to deliver more powerful and capable semiconductor products that make possible the disruptive innovations of our future. We look forward to updating our vision and strategy for delivering continued industry outperformance and profitable growth at our Analyst Day event in November.”
On the otherhand TJX Companies Inc (NYSE:TJX), jumped 1.48% and closed at $74.83 in the last trading session. The last trading range of the stock ranges between $74.45 and $75.22. The company’s Market capitalization is $48.82 Billion with the total Outstanding Shares of 656.64 million. During the 52-week trading session the minimum price at which share price traded, registered at $63.53 and reached to max level of $83.64. The TJX Companies, Inc. (TJX) recently declared the declaration of a quarterly dividend on its common stock of $.26 per share payable December 1, 2016, to shareholders of record on November 10, 2016.