Saturday, 3 October 2026

Stanbic Bank Kenya Limited will act as Receiving Bank and Custodian Bank for a proposed programme that would let Kenyan investors buy into the Dangote Petroleum Refinery & Petrochemicals FZE initial public offering through the Nairobi Securities Exchange, according to khusoko.com. The role is subject to regulatory approval and final terms.

The programme targets up to USD 300 million in participation from Kenyan investors, according to kenyaonlinenews.com.

Bloom Energy Corporation shares rose 4.3% during Friday trading, according to themarketsdaily.com. The stock traded as high as USD 297.59 and last changed hands at USD 289.4840.

Virginia's newly released energy blueprint targets up to 5 GW of non-combustion gas resource capacity from 2029 through 2035, according to blockonomi.com.

RBC Capital maintained its Outperform rating on Bloom Energy with a USD 335 price target, citing the Virginia blueprint, according to blockonomi.com.

ExxonMobil Holdings Corp. and Chevron Corp. are expected to report third-quarter results on Oct. 30, according to Benzinga. Investor attention centers on refining margins, crude prices, production growth and the effect of geopolitical disruptions on the two companies' global operations, Benzinga reported.

For Exxon, analysts expect earnings of USD 3.40 per share, up from USD 1.88 a year earlier, according to Benzinga. Revenue is projected to rise to USD 94.88 billion from USD 85.29 billion.

For Chevron, analysts expect earnings of USD 4.32 per share, up from USD 1.85 a year earlier, according to Benzinga. Revenue is projected to rise to USD 54.94 billion from USD 49.73 billion.