Sasol Stock News

Sasol Limited (SSL) CEO Fleetwood Grobler on Q2 2022 Results - Earnings Call Transcript

JOHANNESBURG , Feb. 21, 2022 /PRNewswire/ -- Earnings performance Earnings before interest and tax (EBIT) was R24,3 billion, an increase of 12% compared to the prior period. This performance was underpinned by a strong macroeconomic environment with higher crude oil prices, refining margins and chemicals prices coupled with increased demand, negated by lower production volumes due to operational challenges at our Secunda Operations (SO). Earnings were impacted mainly by the following non-cash adjustments: Reversal of impairments of R1,4 billion mainly due to a higher price outlook on the back of a sustained increase in demand for alcohols into the personal hygiene market during and post the COVID-19 pandemic; R4,9 billion gain on the realisation of the foreign currency translation reserve (FCTR), on the divestment of our Canadian shale gas assets; Losses of R0,1 billion on the translation of monetary assets and liabilities due to a 3% weakening of the closing rand/US dollar exchange rate compared to 30 June 2021 ; and Losses of R5,3 billion on the valuation of financial instruments and derivative contracts.

Sasol Ltd''s core profit for the six months ended Dec. 31 had tripled, the South African chemicals and fuel producer reported on Monday, boosted by a surge in crude oil and chemicals prices.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest

If you are looking for stocks that are well positioned to maintain their recent uptrend, Sasol (SSL) could be a great choice. It is one of the several stocks that passed through our "Recent Price Stre

If you are looking for stocks that are well positioned to maintain their recent uptrend, Sasol (SSL) could be a great choice. It is one of the several stocks that passed through our "Recent Price Stre

Sasol <> said it expects to report a mixed performance for H1 2022, with improved Brent crude oil prices, refining margins and chemical prices boosting margins, partly offset…

OIL PRICES galloped towards the feared $100 per barrel mark on Friday, rising to a seven-year high after a massive winter storm swept across the US and disrupted some oil production in the Permian Basin region. The price of Brent crude hit $93.33 (R1 440) per barrel early on Friday, extending its upward momentum to levels not seen since September 2014, before closing trade at $92.80 per barrel. Oil prices have been rising, with markets gripped by supply constraints since last month due to geopolitical tension between Russia and Ukraine, and between the United Arab Emirates and the Houthi rebels from Yemen. The fund manager at Anchor Capital, Peter Little, said the threat of Russia invading Ukraine had left the markets shocked by the possibility of oil supply constraints. The geopolitical tensions surrounding the build-up of Russian troops on the border of Ukraine placed pressure on a tight global energy market, driving Brent crude oil and thermal coal prices higher, Little said. Sasol and Thungela were the biggest local beneficiaries of spiking energy prices. Energy and chemical group Sasol ended trade on Friday 2.88 percent higher, to R350.28 per share, while thermal coal exporter Thungela Resources rose 3.19 percent, to R101.15 per share.

Sasol <> surges to a 52-week high after reporting a 31% rise in H1 revenue for FY 2022 to $4.86B from $3.7B for the year-ago period, helped by higher crude oil prices, refining…

The Zacks Analyst Blog Highlights: ASML Holding, Equinor ASA, Sasol, Embraer and Wipro

We have narrowed our search to five ADR stocks that have rallied more than double the S&P 500 Index in 2021. These are: ASML, SSL, EQNR, WIT and ERJ.

We have narrowed our search to five ADR stocks that have rallied more than double the S&P 500 Index in 2021. These are: ASML, SSL, EQNR, WIT and ERJ.

Companies covered in cresol market are Lanxess AG, Atul Ltd, Anhui Haihua Chemical Technology Co., Ltd, Mitsui Chemicals, Mitsui Chemicals Inc, Nanjing Datang Chemical Co., Ltd, Konan Chemical Manufacturing Co., Ltd., Sasol Ltd, SABIC, and others. Companies covered in cresol market are Lanxess AG, Atul Ltd, Anhui Haihua Chemical Technology Co., Ltd, Mitsui Chemicals, Mitsui Chemicals Inc, Nanjing Datang Chemical Co., Ltd, Konan Chemical Manufacturing Co., Ltd., Sasol Ltd, SABIC, and others.

Sasol Limited (OTCMKTS:SASOF) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 58,400 shares, a drop of 29.5% from the November 15th total of 82,800 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently []