Press release content from PR Newswire. The AP news staff was not involved in its creation.
Shanghai Electric’s Upgraded HSI ESG Rating Highlights Its Corporate Social Responsibility Efforts in 2020
February 7, 2021 GMT
Shanghai Electric Logo (PRNewsfoto/Shanghai Electric)
SHANGHAI, Feb. 6, 2021 /PRNewswire/ Shanghai Electric Group (“Shanghai Electric” or “the Company”), the world’s leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has been upgraded to A on the Hang Seng environmental, social and corporate governance (ESG) sustainability rating scale, reflecting the Company’s improved efforts in advancing its Covid-19 pandemic relief, poverty alleviation and environmental, health and safety (EHS) practices.
Press release content from Business Wire. The AP news staff was not involved in its creation.
NOV Reports Fourth Quarter and Full Year 2020 Results
February 4, 2021 GMT
HOUSTON (BUSINESS WIRE) Feb 4, 2021
NOV Inc. (NYSE: NOV) today reported fourth quarter 2020 revenues of $1.33 billion, a decrease of four percent compared to the third quarter of 2020 and a decrease of 42 percent compared to the fourth quarter of 2019. Net loss for the fourth quarter of 2020 was $347 million, or -26.1 percent of sales, which included non-cash, pre-tax charges (“Other Items”, see Other Corporate Items for additional detail) of $236 million. Adjusted EBITDA (operating profit excluding depreciation, amortization, and Other Items) decreased $54 million sequentially to $17 million, or 1.3 percent of sales.