HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today that it will host a conference call to discuss its fourth quarter and full year 2021 results on Tuesday, February 22, 2022 at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). Solaris will issue its fourth quarter and full year 2021 earnings release before the market opens on February 22, 2022.

To join the fourth quarter and full year 2021 conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website, www.solarisoilfield.com.

An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 8943512. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.

About Solaris Oilfield Infrastructure, Inc.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented equipment and systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.

Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Today Ecofin Sustainable and Social Impact Term Fund (TEAF) announced the tax characterization of 2021 distributions paid to its common stockholders.

2021 Tax Characterization of Distributions

For tax purposes, TEAF's 2021 distributions were characterized as 32% as ordinary income, 39% qualified dividend income and 29% return of capital.

Additional information regarding the tax characterization of the 2021 distributions is available at www.TortoiseEcofin.com.

A copy of the information is also available upon request by calling (866) 362-9331.

Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual Report

The adviser also announced today the release of the 2021 annual stockholders' report. The annual report is available online at https://cef.ecofininvest.com/funds/teaf/. Please call (866) 362-9331 or email This email address is being protected from spambots. You need JavaScript enabled to view it. to request a hard copy of this report free of charge.

Upcoming Webinar

Please see a link to register for an upcoming webinar that will provide an update on the fund as well as an outlook on the sectors and direct investments in the fund.
Wednesday, February 16, 2022, 11:00am ET/10:00am CT
Register here.

Quarterly Commentary

TEAF commentary has been published for the fourth calendar quarter of 2021. The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests. A copy of the commentary piece is available here on the company website.

For additional information on this fund, please visit https://cef.ecofininvest.com/funds/teaf/.

TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the fund’s sub-adviser.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Jen Ashlock
(913) 981-1020
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Electric vehicle (EV) owners don’t have the information they need to prepare for charging their EVs according to new research from Uplight. Shoppers are often unaware of the variety of helpful utility resources around rates and charging to help them.

BOULDER, Colo.--(BUSINESS WIRE)--Most electric vehicle (EVs) owners conduct little to no research on charging infrastructure before purchasing new vehicles until they bring their electric vehicles home, according to a study released today by clean energy software leader Uplight and See Change Institute. Added to this, most did not consider their utility when looking for any information around EVs, despite an abundance of utility EV-related resources.

The majority of those surveyed qualify as “reactive chargers,” only pursuing in-depth charging research after encountering a charger-related issue with their electric vehicles, such as high electricity bills after charging at home. For these participants, the extent of their charging research before purchasing the vehicle is limited to checking for an outlet in the garage. Many participants admit to “figuring it out as they go,'' rather than researching charging options, capabilities, and cost before the major purchase of the vehicle itself.

While participants acknowledged the importance of conducting research on charging options, few were familiar with the guidance offered by their utilities. The findings also convey a hesitancy to purchase Level 2 chargers proactively, with participants most often considering Level 2 chargers only after experiencing slow charging times with Level 1. Participants in the focus group overwhelmingly preferred charging their vehicles at home rather than at community chargers, but they are largely unaware of the tools readily available to guide them in doing so efficiently.

Those participants who did conduct in-depth research failed to take advantage of the utility offerings and primarily relied upon social media and YouTube for information, rather than seeking information specific to their home or lifestyle or by contacting qualified professionals. The ongoing switch to EVs requires a paradigm shift for consumers to look to their utility when they typically look to dealers and gas stations when it comes to fueling their car.

“Many of the EV owners we talked to cited busy lifestyles or lack of time for doing their own research on charging cost, tools and options. The research on recent EV owners echoed my personal experience purchasing an EV this fall, the lack of education and engagement and the decision to charge at home. We believe these insights show an excellent opportunity for utilities to become a trusted energy advisor and create a one-stop customer experience that helps walk customers through all available options, help them identify rebates and better understand how owning an EV will affect their electric bill,” said Devren Hobbs, Vice President of Product of Emerging Technology at Uplight. “Uplight's EV Solutions help utilities get ahead of the EV curve and their decarbonization goals while helping customers proactively understand and optimize charging while creating a deeper utility-customer relationship that extends beyond electric vehicles.”

Other Research Highlights:

• While participants hadn’t previously utilized their utility's EV resources, they were open to doing so in the future, and preferred a single EV resource on cars, chargers, rebates, and related costs. Participants said had they known about the offering, they would have taken advantage of it.

• Most participants charge their EVs at home and overnight. This is driven by convenience and a perception that public chargers are a hassle, risky, and/or time-consuming. Participants were hesitant to install Level 2 chargers even after research because of the need to find an electrician for installation and electric panel upgrade.

• Most participants are unaware of EV specific rates or other EV and charging-related offerings from their utility.

Uplight partnered with See Change Institute to conduct a focus group of recent EV owners. Utilities interested in learning more about how customers think about EV charging can sign up for a webinar on February 3rd, 2022 @ 11:00 am MT to learn more.

About Uplight

Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streamlining the complex transition to the clean energy ecosystem for more than 80 electric and gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with its clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy.

Elaine Reddy
720-252-8105
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NEW YORK & OSLO, Norway & LUXEMBOURG & VAASA, Finland--(BUSINESS WIRE)--FREYR Battery (“FREYR”), a developer of clean, next-generation battery cell production capacity, has developed a program for the Environmental Impact Assessment (EIA) and submitted its proposal to Finland’s Centre for Economic Development, Transport and the Environment (ELY Centre).

This marks an important step in the approval process to initiate a potential construction of FREYR’s planned battery cell plant project in Vaasa, Finland. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028.

FREYR has identified Vaasa as a promising production site due to its local supply of affordable, renewable energy and its proximity to raw materials and a highly competent workforce. The aim of the project in Vaasa is to produce advanced, energy efficient battery cells with the lowest possible CO2 emissions. EIA approval is required before the final investment decision and construction of the plant can begin.

“Vaasa is a key Nordic center for the battery industry, a journey that this city began nearly five years ago. For FREYR, Vaasa represents an ideal location for Gigawatt hour scale production in the Nordics, a place where we can attract talent, collaborate across the value chain, as we continue our progress towards becoming one of Europe’s largest producers of low-carbon battery cells,” said Tom Einar Jensen, the CEO of FREYR.

“To this end, the EIA process is essential both to take the right steps towards the construction phase, and also to understand the impact we may have on the local environment, and what is required of us to mitigate or eliminate that impact from the start,” he added.

“FREYR Battery's preparations for building a cell factory are Finland's first large-scale cell project, and we are very pleased that the process has progressed to this stage. We have collaborated with many operators in the GigaVaasa region at different stages of the environmental impact assessment processes and we have learned a lot at the same time. FREYR Battery's EIA process, which is done carefully, provides a good basis for future permit procedures,” says CEO Ulla Mäki-Lohiluoma on behalf of the GigaVaasa team.

The purpose of the assessment is to identify, evaluate and describe the likely environmental impacts of FREYR’s project in Vaasa. The target is to conclude the assessment procedure before the end of 2022 with a subsequent potential investment decision in Finland’s first Gigawatt hour scale battery cell facility.

The ELY Centre will base its EIA assessment of the proposed FREYR plant on factors such as the location, physical characteristics and environmental aspects that may affect the project. They will also assess how the project will affect the predicted residues and emissions, as well as the use of natural resources and the broader environmental impact on the Vaasa area.

About FREYR Battery

FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028. To learn more about FREYR, please visit www.freyrbattery.com

Cautionary Statement Concerning Forward-Looking Statements

All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the potential battery cell plant project in Vaasa, Finland and the United States; FREYR’s ability to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028; the Vaasa project’s ability to produce advanced, energy efficient battery cells with the lowest possible CO2 emissions; the potential benefits of locating FREYR’s production site in Vaasa, including its local supply of affordable, renewable energy and its proximity to raw materials and a highly competent workforce; FREYR's ability to attract talent and collaborate across the value chain and become one of Europe’s largest producers of low-carbon battery cells; and FREYR’s ability to conclude the assessment procedure before the end of 2022 with a subsequent potential investment decision in Finland’s first Gigawatt hour scale battery cell facility are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and in other SEC filings available on the SEC’s website at www.sec.gov.

Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161

Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570

BELLEVUE, Wash.--(BUSINESS WIRE)--In 2018, T-Mobile (NASDAQ: TMUS) was the first and only U.S. provider to create an ambitious plan to source 100% of its total electricity usage with renewable energy by the end of 2021. Today the company announced it was the first in wireless to do it. Even with a historic merger that significantly expanded its electricity needs, the Un-carrier met its RE100 goal through a combination of renewable energy investments that support the company’s efforts to mobilize for a thriving planet.

“T-Mobile put a stake in the ground as the first telecom to commit to going all in on renewable energy by the end of 2021, and now we’re the first to hit this milestone years ahead of others,” said Mike Sievert, T-Mobile CEO. “This was no easy task, but we set a goal and we achieved it. Today, thanks to amazing efforts from a team who was unwavering in our commitment to reduce our impact on the planet, the Un-carrier is powering America’s largest, fastest and most reliable 5G network with 100% clean electricity.”

To help reach the 100% benchmark, T-Mobile developed a renewable energy strategy that includes eight virtual power agreements, 19 retail agreements, one Green Direct program, and unbundled Renewable Energy Certificates that support projects across the country. As a result, the company has invested in enough wind and solar power annually to account for every unit of electricity consumed. The nine large wind and solar farm projects alone (which include the virtual power agreements and Green Direct program) are contracted to provide T-Mobile with approximately 3.4 million MWh of clean energy annually—enough to provide electricity to over 313,000 homes per year.

Beyond agreements that directly contribute to T-Mobile's energy matching efforts, the company also supports 37 community solar projects, which represent greening local energy grids with more than 2.1 million MWh over 25 years for Maine, Massachusetts, Minnesota, New York and Oregon.

T-Mobile’s commitment to renewable energy is complemented by an enterprise-level focus on energy conservation, which includes switching to smart thermostats and ENERGY STAR certified LED lighting in retail stores, upgrading mechanical and electrical systems in our data centers, optimizing air management to keep equipment cool at locations such as cell sites, and installing energy-efficient radio equipment on cell towers, among other things.

“T-Mobile is an example of leadership for sustainability in its industry,” said Louisa Plotnick, Head of Programs, North America, at Climate Group, which co-leads the RE100 in partnership with CDP. “By adopting and driving new development of sustainable power sources, T-Mobile shows that corporations can act quickly if ambition is supported by real change. We are thrilled to see T-Mobile achieve this milestone and look forward to our continued partnership as the US rapidly embraces the transition to a renewable future.”

This RE100 achievement is further proof of T-Mobile's industry-leading efforts to help build a more sustainable future for everyone. T-Mobile has also led Green America’s Wireless Scorecard three years in a row, and the company recently got a top grade in the 2021 CDP Climate Change questionnaire.

Moving forward, the Un-carrier plans to add more renewable energy projects to its portfolio to match future electricity usage, explore onsite solar infrastructure and invest in organizations delivering clean energy to more communities across the U.S. Plus, the company plans to share new commitments aimed at further decarbonizing its business later this year.

Visit the T-Mobile Sustainability Page to learn more about the Un-carrier's environmental initiatives.

T-Mobile matches its own annual electrical usage with renewable energy from a portfolio of sources including: virtual power purchase agreements, a green direct tariff, renewable retail agreements, and unbundled REC purchases. For details see T-Mobile.com. 5G: Capable device required; coverage not available in some areas. Some uses may require certain plan or feature; see T-Mobile.com. Most Reliable: According to an audit report conducted by independent third party umlaut containing crowdsourced data for user experience collected from April to September 2021. Full details at: www.umlaut.com/en/benchmarking/USA. Fastest: Based on median, overall combined 5G speeds according to analysis by Ookla® of Speedtest Intelligence® data 5G download speeds for Q4 2021. Ookla trademarks used under license and reprinted with permission.

About T-Mobile

T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. For more information please visit: http://www.t-mobile.com.

About RE100

RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by international non-profit the Climate Group in partnership with CDP, the group have a total revenue of over US$6.6 trillion and operate in a diverse range of sectors. Together, they send a powerful signal to policymakers and investors to accelerate the transition to a clean economy. For more information please visit: https://www.there100.org/.

T-Mobile US Media Relations
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Investor Relations
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PARIS--(BUSINESS WIRE)--Regulatory News:

Technip Energies (PARIS:TE) (ISIN:NL0014559478) will disclose its full year 2021 financial results, provide 2022 guidance and outlook, and report on its ESG roadmap in a press release to be issued on Thursday March 3, 2022 at 07:30 CET. The Company will host a results conference call on the same day at 14:00 CET.

To participate in the conference call, please use one of the following telephone numbers and dial in approximately 10 minutes prior to the scheduled start time:

FR: +33 1 76 70 07 94
UK: +44 (0) 2071 928000
US: +1 631 510 74 95

Conference Code: 9195285

The event will be webcast simultaneously and can be accessed at: https://edge.media-server.com/mmc/p/vcbpmnmf

To listen to the webcast, please register on the website at least 10 minutes before the call begins. The webcast will be available on-demand shortly after it has finished.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO₂ management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.com.

Investor relations

Phillip Lindsay
Vice-President Investor Relations
Tel: +44 20 7585 5051
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Media relations

Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Migdal Insurance, Israel’s leading insurance company, will invest an additional amount of up to $ 75 Million in phase II of Doral LLC’s Mammoth Solar Project in Northwest Indiana as part of its ESG Policy. The new investment would expand Migdal’s investment in the project to up to $175 Million, beyond its investment in the company.

PHILADELPHIA--(BUSINESS WIRE)--Migdal Insurance, Israel’s largest insurance company, with assets under management of $90 billion, is expanding its strategic partnership with Doral Renewables LLC (dba Doral LLC) by committing an additional amount of up to $75 Million in the second phase of the company’s Mammoth Solar project in Northwest Indiana. Migdal will own 22.5% of the project’s second phase, named Mammoth South, which is expected to generate 300 MWac of clean energy.

The new agreement would see Migdal increase its direct investment in the Mammoth Solar project, one of the largest solar projects in the country, to up to $175 million and its overall investment in Doral LLC, including capital and credit to an amount of up to $415 million. This investment is being carried by virtue of Migdal's option, under the initial agreement with Doral LLC in May, 2021, to invest in certain pre-defined projects of the company.

In May, 2021, Migdal acquired 20% of Doral LLC’s ownership for $110 million. In addition, Migdal has allocated a $130 million credit facility and committed to invest up to $100 million in the first phase of the Mammoth Solar Project (Mammoth North), expected to generate 400 MWac.

The Mammoth Solar project is one of the country’s largest solar farms with over 13,000 acres across Starke and Pulaski Counties in Northwest Indiana. The project is expected to generate 1.3GWac of clean energy, enough to meet the needs of over 230,000 households in the Midwest annually. The project is further projected to encompass an economic investment of approximately $1.5 billion. In October 2021, the company held a ribbon cutting ceremony, featuring the Governor of Indiana, The Honorable Mr. Eric Holcomb and the Israeli Ambassador to the US, Mr. Gilad Erdan.

“Midgal’s investment supports our achievement of becoming a market leader with the best people and a rapidly expanding project portfolio with over $6 billion in construction value. Mammoth Solar, Doral LLC and the renewables market is transforming the world. Indiana is a leader in the energy sector and their efforts to form the strongest industry cluster are working. Doral is creating jobs and revitalizing communities across America,” says Nick Cohen, President and CEO of Doral LLC.

Yaki Noyman, CEO of the Doral Group: “Migdal increasing its investment is a direct expression of the trust offered by Israel’s institutional entities in the renewable energy sector and in Doral in particular. We have chosen partners that are not only interested in generating returns from its investment, but also in its impact on the public and the environment. We continue to initiate and develop more projects in Israel, Europe, and the US.”

Erez Migdali, Deputy CIO and Head of Private Assets at Migdal Insurance: “We are delighted to deepen our investment in Doral LLC’s activities. This significant, growing partnership is an indication of our trust in the renewables industry and in Doral. This investment is in correlation with our ongoing ESG policy, in which we have developed an investment framework of over NIS 3 Billion in net positive investments, annually. I have no doubts that this deal, signed in the first days of 2022, is the first among many new investments we intend to promote in the upcoming year."

Doral

Doral LLC was founded in 2019 as a joint venture between Doral Group and Clean Air Generation. Doral LLC currently has approximately 6 gigawatts of projects under development and over 40,000 acres of land control in the U.S. The management team of Doral LLC includes experienced multidisciplinary individuals who worked together for many years in the renewables industry in the US.

Doral Group is a publicly traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue generating renewable energy assets. Doral Group is active, inter alia, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 750MW(dc) + 1,400MWh of storage facilities in Israel.

Migdal Insurance

Migdal Insurance is Israel’s largest insurance company and pension manager with AUM of 90 billion dollars, 2.3 million customers and more than 4,900 employees. Migdal has a local corporate rating of Aa1. Migdal was Israel’s first institutional body to announce the adoption of an ESG (Environmental Social and Governance) investment policy over six months ago. Migdal has already made several investments in the field, including a NIS 1 Billion investment in Copenhagen Infrastructure Partners IV, a Danish Fund which is active in renewable energy projects; a $100 Million investment in BayWa Renewable Energy, an international growth company operating in renewable energies and a unique investment of $60 Million in the AMUNDI PLANET Fund which was established in partnership with large global institutional entities to develop “green” bond markets in emerging countries.

Media:
Maya Ziv Wolf
Corporate Media Relations
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CAMPO GRANDE, Mato Grosso do Sul--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s worldwide leader in Flex MLPE (Module Level Power Electronics), today announced that it has worked with Mensch Engenharia, a full-service photovoltaic solutions provider headquartered in Ituiutaba, Brazil, to maximize the benefits of PV systems by leveraging Tigo solar technology. Following its mission to focus on solution quality and outstanding customer service, Mensch Engenharia uses Tigo Flex MLPE products to deliver improved safety, performance, and manageability to its customers in the state of Minas Gerais.

Mensch Engenharia is an integrated solar solutions company that handles the sizing, design and installation of photovoltaic solar systems for residential, commercial, and rural customers. With more than 400 solar installations completed since its founding in 2018, Mensch Engenharia has made a significant contribution to the solarization of Brazil’s most productive solar-energy-producing states. Due to the hilly terrain and prolific vegetation of Minas Gerais, Mensch Engenharia regularly contends with the challenges of partial module and system shading. Further, the company must often deploy differently-powered solar modules on roof faces at various orientations to maximize solar energy production.

"Many of our customer sites are located in adventurous terrain, and Tigo gives us the flexibility to deploy highly productive solar systems despite prevailing shading, orientation, and related constraints,” said Alex Barbosa, partner and director at Mensch Engenharia. “The flexibility and performance of Tigo products help us close deals, and they are amplified by the dedication to service of the Tigo support team that ensures our installer teams are always highly productive. Our business is growing, and I am pleased to say that because of Tigo optimizers we must no longer run from the shadows.”

The Tigo Energy TS4 platform maximizes the benefit of PV systems for installers on all continents. With a range from less than 10kW to more than 10MW in size, and installation in less than 10-seconds per module, Tigo has a globally proven, trusted, and reliable product portfolio, from rapid shutdown to module-level monitoring and advanced energy optimization. Tigo products can work seamlessly with more than 2000 inverter types, ranging from 2.2kW to 2MW, globally.

“At Tigo, our goal is to empower solar installers with technology that speeds up design and installation, boosts performance, and makes operations and service efficient. I am delighted to see the team at Mensch Engenharia leverage all three," said Manoel Monteiro, LATAM representative sales manager at Tigo Energy. “I am also proud of the feedback to the performance of our regional support team, which truly rounds out our offering.”

For more information about going solar in Minas Gerais, please contact Mensch Engenharia by going to https://mchengenharia.com.br/. To hear Alex Barbosa of Mensch Engenharia describe his experience working with Tigo Energy, watch his review of Tigo optimizers here.

To find out more about Tigo Energy Flex MLPE products, please visit www.tigoenergy.com.

About Tigo Energy

Tigo Energy is the worldwide leader in Flex MLPE (Module Level Power Electronics) with innovative solutions that increase solar energy production, decrease operating costs, and significantly enhance safety of solar energy systems. The Tigo TS4 platform maximizes the benefit of solar and provides customers with the most scalable, versatile, and reliable MLPE solution available. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy worldwide. Tigo systems operate on seven continents and produce gigawatt hours of reliable, clean, affordable, and safe solar energy daily. With a global team, Tigo Energy is dedicated to making the best MLPE on earth so more people can enjoy the benefits of solar. Find us online at www.tigoenergy.com.

Media Contact for Tigo in Brazil
Manoel Monteiro
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MacGown to oversee Australasia Operations and Expansion of Wisk’s Presence in Broader APAC Region

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--#EverydayFlight--Wisk Aero, a leading Advanced Air Mobility (AAM) company and developer of the first all-electric, self-flying air taxi in the U.S., announced today that Catherine MacGowan has joined the company as its new Asia Pacific Region Director.

In her new role, Catherine will serve on Wisk’s Executive Leadership Team and oversee all operations in Australasia, as well as the expansion of Wisk’s presence in the wider Asia Pacific region. She will also be responsible for overseeing key existing projects, including Wisk’s airspace integration trial - a leading program that will advance the broader AAM industry - and the company’s social acceptance work in the region.

In addition to Wisk’s U.S. focus, the Australasia region remains a core element in Wisk’s broader strategy and will play a key role in the company's growth and go-to-market efforts announced in its recent funding announcement.

“We are excited to have Catherine join our team,” said Gary Gysin, CEO of Wisk. “Since Wisk’s arrival in New Zealand, our work in this progressive part of the world has made a significant contribution to the development of our all-electric, self-flying air taxi. Catherine’s strong leadership skills and her in-depth understanding of the aerospace environment will be of huge value to Wisk and our mission to make safe, everyday flight a reality.”

“It’s a privilege to be joining Wisk, a leader in advanced air mobility, who are pioneering an entirely new way to fly,” says Catherine. “Wisk’s commitment to safe, sustainable and accessible travel is something that really resonates with me and I’m excited to be part of such a passionate and highly-skilled team.”

Prior to joining Wisk, Catherine was a Group Captain in the Royal New Zealand Air Force and has held several leadership positions across the New Zealand Defence Force. Catherine has also served in a number of senior leadership roles for the New Zealand Government.

ABOUT WISK

Wisk is an urban air mobility company dedicated to delivering safe, everyday flight for everyone. Wisk’s self-flying, eVTOL (electric vertical takeoff and landing) air taxi will make it possible for passengers to skip the traffic and get to their destination faster. Based in the San Francisco Bay Area and New Zealand, Wisk is an independent company backed by The Boeing Company and Kitty Hawk Corporation. With over a decade of experience and over 1500 test flights, Wisk is shaping the future of daily commutes and urban travel, safely and sustainably.

Wisk is on a journey to deliver safe, autonomous, all-electric, everyday flight, join us and learn more here.

Chris Brown
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MANSFIELD, Ohio--(BUSINESS WIRE)--#ANNUALMEETINGDATE--The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.17 per share on the common stock of the Company, payable March 10, 2022, to shareholders of record as of February 15, 2022. This will mark the 288th consecutive quarterly dividend paid by The Gorman-Rupp Company.

Other action taken by the Board of Directors of The Gorman-Rupp Company was the announcement of the Annual Meeting of Shareholders scheduled to be held Thursday, April 28, 2022, and the related establishment of the close of business on February 28, 2022 as the record date for shareholders entitled to notice of and to vote at the meeting. The meeting will be in a virtual format only via webcast at 10:00 a.m. Eastern time.

About The Gorman-Rupp Company

Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.

Forward-Looking Statements

In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) acquisition performance and integration; (4) impairment in the value of intangible assets, including goodwill; (5) defined benefit pension plan settlement expense; (6) family ownership of common equity; and general risk factors including (7) continuation of the current and projected future business environment, including the duration and scope of the COVID-19 pandemic, the impact of the pandemic and actions taken in response to the pandemic; (8) highly competitive markets; (9) availability and costs of raw materials; (10) cyber security threats; (11) compliance with, and costs related to, a variety of import and export laws and regulations; (12) environmental compliance costs and liabilities; (13) exposure to fluctuations in foreign currency exchange rates; (14) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (15) changes in our tax rates and exposure to additional income tax liabilities; and (16) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.

Brigette A. Burnell
Corporate Secretary
The Gorman-Rupp Company
Telephone (419) 755-1246
NYSE: GRC

For additional information, contact James C. Kerr, Chief Financial Officer, Telephone (419) 755-1548.

LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT #earnings--BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press release detailing fourth quarter and full-year 2021 results on Tuesday, February 22, 2022, after market close and will host a conference call at 5:00 p.m. EST.

Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 844-850-0542 and (International) 412-317-6014. All participants should ask to be joined into the BWX Technologies (BWXT) call. A replay of the call will remain available on the BWXT website for a limited time.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com

Media Contact
Jud Simmons
Director, Media and Public Relations
434.522.6462
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Investor Contact
Mark Kratz
Vice President, Investor Relations
980.365.4300
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CLEVELAND--(BUSINESS WIRE)--Power management company Eaton recently announced it achieved a 100% on the Human Rights Campaign’s 2022 Corporate Equality Index (CEI) for the seventh year in a row. This national benchmarking survey and report on corporate policies, practices, and benefits for lesbian, gay, bisexual, transgender, and queer employees serves as a benchmark for workplace equality in the U.S.

“This honor demonstrates our deep commitment to ensuring equitable access and opportunity for all,” said Monica Jackson, vice president, Global Inclusion and Diversity. “We do not take this recognition for granted as we aspire to be a model of inclusion and diversity in our industry. Equally important, it acknowledges the work we do each day to create an inclusive workplace.”

The 2022 CEI evaluated the policies and practices of nearly 1,300 businesses that relate to the LGBTQ+ community. Initiatives such as non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBTQ+ community were reviewed as part of this process.

“When the Human Rights Campaign Foundation created the Corporate Equality Index 20 years ago, we dreamed that LGBTQ+ workers—from the factory floor to corporate headquarters, in big cities and small towns—could have access to the policies and benefits needed to thrive and live life authentically,” said Jay Brown, senior vice president of programs, research, and training, Human Rights Campaign. “We are proud that the Corporate Equality Index paved the way to that reality for countless LGBTQ+ workers in America and abroad. But there is still more to do, which is why we are raising the bar yet again to create more equitable workplaces and a better tomorrow for LGBTQ+ workers everywhere.”

In addition to achieving a 100% on the Corporate Equality Index, Eaton was also recognized for the second year in a row by the HRC as one of the Best LGBTQ+ Places to Work in Mexico.

For more information on the 2022 Corporate Equality Index or to download a free copy of the report, visit www.hrc.org/cei. Information on Eaton’s certification by HRC Equidad Mexico can be found here. To learn more about Eaton’s inclusion and diversity journey, please read our first-ever Global Inclusion and Diversity Transparency Report.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical and mechanical power—more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 87,000 employees. For more information, visit Eaton.com.

Drew Horansky, +1 (440) 523-4306

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2682 per share, payable March 1, 2022 to all shareholders of record on Feb. 11, 2022.

Essential Utilities has paid consecutive quarterly cash dividends for 77 years and has increased the dividend 31 times in the last 30 years.

About Essential

Essential is one of the largest publicly traded water, wastewater service and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

WTRGF

Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Erin O’Donnell
Communications
O: 412.266.2446
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that its Board of Directors has declared a fourth quarter 2021 common unit distribution of $0.40 per unit. The fourth quarter common unit distribution will be paid on February 14, 2022 to holders of record as of February 8, 2022.

NuStar Energy L.P.’s Board of Directors also declared a fourth quarter 2021 Series A preferred unit distribution of $0.43606 per unit, a Series B preferred unit distribution of $0.47657 per unit and a Series C preferred unit distribution of $0.56250 per unit. The preferred unit distributions will be paid on March 15, 2022 to holders of record as of March 1, 2022.

A conference call with management is scheduled for 9:00 a.m. CT on Thursday, February 3, 2022, to discuss the financial and operational results for the fourth quarter of 2021. Investors interested in listening to the discussion may dial toll-free 844/889-7787, passcode 3315309. International callers may access the discussion by dialing 661/378-9931, passcode 3315309. The partnership intends to have a playback available following the discussion, which may be accessed by dialing toll-free 855/859-2056, passcode 3315309. International callers may access the playback by dialing 404/537-3406, passcode 3315309. The playback will be available until 12:00 p.m. CT on March 3, 2022.

Investors interested in listening to the live discussion or a replay via the internet may access the discussion directly at https://edge.media-server.com/mmc/p/5eqbhkx3 or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 64 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 57 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of NuStar Energy L.P.’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of NuStar Energy L.P.’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals and corporations, as applicable. Nominees, and not NuStar Energy L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314 / 210-410-8926

LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that Nitin Jain joined the company as senior vice president of strategy and business development. In this newly created role reporting directly to CEO Beth Wozniak, Jain will lead strategic planning and inorganic growth opportunities at nVent. He will develop new growth platforms through partnerships, alliances and acquisitions.

“The electrification of everything presents exciting opportunities for nVent to enhance our offerings and further serve our customers. With his strong leadership and deep experience in the electrical industry, Nitin will play a critical role in leading nVent’s strategy while also identifying inorganic opportunities to bolster our growth. We are thrilled to welcome Nitin to the nVent team,” said nVent CEO Beth Wozniak.

Jain has 18 years of global experience in business transformation, corporate development, program management and customer management. Jain joins nVent from Schneider Electric where he spent the past eight years in progressive leadership roles, most recently serving as the vice president of strategy for the digital energy division. Jain’s experience building and executing corporate strategy and leading business transformations will help nVent accelerate its growth strategy and build on its successful acquisition track record.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

Media Contact
Stacey Wempen
Director, External Communications
nVent
763.204.7857
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• Fourth quarter earnings of $5.1 billion; annual earnings of $15.6 billion
• Strong cash flow from operations of $29.2 billion in 2021
• Record free cash flow of $21.1 billion in 2021
• Dividends and share repurchases of $11.6 billion in 2021

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today reported earnings of $5.1 billion ($2.63 per share - diluted) for fourth quarter 2021, compared with a loss of $665 million ($(0.33) per share - diluted) in fourth quarter 2020. Included in the current quarter were asset sale gains of $520 million, losses on the early retirement of debt of $260 million and pension settlement costs of $82 million. Foreign currency effects decreased earnings by $40 million. Adjusted earnings of $4.9 billion ($2.56 per share - diluted) in fourth quarter 2021 compares to adjusted earnings of $298 million ($0.16 per share - diluted) in fourth quarter 2020.

Chevron reported full-year 2021 earnings of $15.6 billion ($8.14 per share - diluted), compared with a loss of $5.5 billion ($(2.96) per share - diluted) in 2020. Included in 2021 were net charges for special items of $289 million, compared to net charges of $5.1 billion for special items in 2020. Foreign currency effects increased earnings in 2021 by $306 million. Adjusted earnings of $15.6 billion ($8.13 per share - diluted) in 2021 compares to adjusted earnings of $172 million ($0.09 per share - diluted) in 2020. For a reconciliation of adjusted earnings/(loss), see Attachment 5.

Sales and other operating revenues in fourth quarter 2021 were $46 billion, compared to $25 billion in the year-ago period.

Earnings Summary

“In 2021, we delivered record free cash flow and accelerated our progress towards a lower carbon future,” said Mike Wirth, Chevron’s chairman and chief executive officer. “We’re an even better company than we were just a few years ago. We’re more capital and cost efficient, enabling us to return more cash to shareholders.”

During 2021, Chevron increased its quarterly dividend per share by 4 percent to $1.34 and repurchased $1.4 billion of company stock, all while increasing return on capital employed to 9.4 percent and reducing debt by $12.9 billion. The company raised its dividend per share an additional 6 percent to $1.42 earlier this week and guided first quarter 2022 buybacks to the top of its $3 to $5 billion annual guidance range.

Also last year, the company and its affiliates further strengthened its businesses by advancing the Future Growth Project and Wellhead Pressure Management Project in Kazakhstan and the Anchor Project in the Gulf of Mexico, integrating legacy Noble Energy people and assets while realizing more than double the initially announced synergies, signing an agreement to extend Block 0 concession in Angola, and starting up the olefins mixed-feed cracker and associated polyethylene units in South Korea.

Chevron’s net oil-equivalent production grew in 2021 to a record 3.10 million barrels per day. The company also added 1.3 billion barrels of net oil-equivalent proved reserves in 2021. These additions, which are subject to final reviews, equate to approximately 112 percent of net oil equivalent production for the year. The largest net additions were from assets in the Permian Basin, the Gulf of Mexico and Australia. The largest net reductions were from assets in Kazakhstan primarily due to higher prices and their negative effect on reserves. The company will provide additional details relating to 2021 reserves in its Annual Report on Form 10-K scheduled for filing with the SEC on February 24, 2022.

In 2021, the company made progress to advance its lower carbon future as it set targets to lower the carbon intensity of its operations, adopted a 2050 net zero aspiration for upstream scope 1 and 2 emissions, expanded its renewable fuels business, formed the Chevron New Energies organization that aims to grow hydrogen, carbon capture and offsets businesses, and tripled its associated planned capital investment to approximately $10 billion through 2028.

At year-end, balances of cash, cash equivalents, and marketable securities totaled $5.7 billion, a slight increase from the end of 2020. Total debt at December 31, 2021 was $31.4 billion, a decrease of $12.9 billion from a year earlier.

“We’re delivering greater value to stockholders today, while working to meet the world’s growing energy demands in a lower carbon future,” Wirth concluded.

UPSTREAM

Worldwide net oil-equivalent production was 3.12 million barrels per day in fourth quarter 2021, a decrease of 5 percent from a year ago. Worldwide net oil-equivalent production for the full-year 2021 was 3.10 million barrels per day, a slight increase from a year ago.

U.S. upstream operations earned $2.97 billion in fourth quarter 2021, compared with $101 million a year earlier. The improvement was primarily due to higher realizations, gains on asset sales, higher sales volumes and lower exploration expense, partially offset by higher employee benefit costs.

The company’s average sales price per barrel of crude oil and natural gas liquids was $63 in fourth quarter 2021, up from $33 a year earlier. The average sales price of natural gas was $4.78 per thousand cubic feet in fourth quarter 2021, up from $1.49 in last year’s fourth quarter.

Net oil-equivalent production of 1.22 million barrels per day in fourth quarter 2021 was up 21,000 barrels per day from a year earlier. The increase was due to net production increases in the Permian Basin and the absence of Gulf of Mexico weather effects, partially offset by a 48,000 barrel per day decrease related to the Appalachian asset sale. The net liquids component of oil-equivalent production in fourth quarter 2021 increased 6 percent to 929,000 barrels per day, and net natural gas production decreased 9 percent to 1.73 billion cubic feet per day, compared to last year’s fourth quarter.

International upstream operations earned $2.19 billion in fourth quarter 2021, compared with $400 million a year ago. The increase in earnings was primarily due to higher realizations, partially offset by lower sales volumes, and higher depreciation and employee benefit costs. Foreign currency effects had a favorable impact on earnings of $375 million between periods.

The average sales price for crude oil and natural gas liquids in fourth quarter 2021 was $74 per barrel, up from $40 a year earlier. The average sales price of natural gas was $7.90 per thousand cubic feet in the fourth quarter, up from $4.23 in last year’s fourth quarter.

Net oil-equivalent production of 1.90 million barrels per day in fourth quarter 2021 was down 181,000 barrels per day from fourth quarter 2020. The decrease was primarily due to the absence of 186,000 barrels per day following expiration of the Rokan concession in Indonesia and unfavorable entitlement effects, partially offset by lower production curtailments. The net liquids component of oil-equivalent production decreased 18 percent to 899,000 barrels per day in fourth quarter 2021, while net natural gas production of 6.01 billion cubic feet per day increased 2 percent, compared to last year's fourth quarter.

DOWNSTREAM

U.S. downstream operations reported earnings of $660 million in fourth quarter 2021, compared with a loss of $174 million a year earlier. The increase was mainly due to higher margins on refined product sales, higher earnings from the 50 percent-owned Chevron Phillips Chemical Company, and higher sales volumes, partially offset by higher transportation and employee benefit costs.

Refinery crude oil input in fourth quarter 2021 increased 9 percent to 882,000 barrels per day from the year-ago period, as the company increased refinery runs in response to higher demand and the improved refining margin environment.

Refined product sales of 1.16 million barrels per day were up 14 percent from the year-ago period, mainly due to higher gasoline and jet fuel demand as travel restrictions associated with the pandemic continue to ease.

International downstream operations reported earnings of $100 million in fourth quarter 2021, compared with a loss of $164 million a year earlier. The increase was mainly due to higher margins on refined product sales and a $142 million favorable swing in foreign currency impacts between periods, partially offset by higher transportation and employee benefit costs.

Refinery crude oil input of 602,000 barrels per day in fourth quarter 2021 increased 11 percent from the year-ago period due to higher demand and improved refining margin environment.

Refined product sales of 1.33 million barrels per day in fourth quarter 2021 increased 8 percent from the year-ago period, mainly due to higher demand for gasoline and jet fuel as restrictions from the pandemic continue to ease along with higher sales in Australia.

ALL OTHER

All Other consists of worldwide cash management and debt financing activities, corporate administrative functions, insurance operations, real estate activities and technology companies.

Net charges in fourth quarter 2021 were $860 million, compared to $828 million a year earlier. The increase in net charges between periods was mainly due to losses on the early retirement of debt, higher employee benefit costs, and the absence of prior year favorable tax items, partially offset by lower pension expenses and the absence of prior year Noble Energy acquisition costs. Foreign currency effects increased net charges by $23 million between periods.

CASH FLOW FROM OPERATIONS

Cash flow from operations in 2021 was $29.2 billion, compared with $10.6 billion in 2020. Excluding working capital effects, cash flow from operations in 2021 was $30.6 billion, compared with $12.2 billion in 2020.

CAPITAL AND EXPLORATORY EXPENDITURES

Capital and exploratory expenditures in 2021 were $11.7 billion, compared with $13.5 billion in 2020. The amounts included $3.2 billion in 2021 and $4.0 billion in 2020 for the company’s share of expenditures by affiliates, which did not require cash outlays by the company. Expenditures for upstream represented 82 percent of the company-wide total in 2021.

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

NOTICE

Chevron’s discussion of fourth quarter 2021 earnings with security analysts will take place on Friday, January 28, 2022, at 8:00 a.m. PT. A webcast of the meeting will be available in a listen-only mode to individual investors, media, and other interested parties on Chevron’s website at www.chevron.com under the “Investors” section. Prepared remarks for today’s call, additional financial and operating information and other complementary materials will be available prior to the call at approximately 4:00 a.m. PT and located under “Events and Presentations” in the “Investors” section on the Chevron website.

As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.

Non-GAAP Financial Measures - This news release includes adjusted earnings/(loss), which reflect earnings or losses excluding significant non-operational items including impairment charges, write-offs, severance costs, Noble Energy acquisition costs, gains on asset sales, unusual tax items, effects of pension settlements and curtailments, foreign currency effects and other special items. During the first quarter of 2021, the Company updated its calculation of adjusted earnings to exclude pension settlement costs. The Company recognizes settlement gains or losses when the cost of all settlements for a plan during a year is greater than the sum of its service and interest costs during the year. By adjusting earnings to exclude pension settlement costs, the Company believes it removes non-operational costs that would otherwise obscure its underlying operating results. Adjusted earnings/(loss) for 2020 were recast to conform with the current presentation. We believe it is useful for investors to consider this measure in comparing the underlying performance of our business across periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for net income (loss) as prepared in accordance with U.S. GAAP. A reconciliation to net income (loss) attributable to Chevron Corporation is shown in Attachment 5.

This news release also includes cash flow from operations excluding working capital, free cash flow and free cash flow excluding working capital. Cash flow from operations excluding working capital is defined as net cash provided by operating activities less net changes in operating working capital, and represents cash generated by operating activities excluding the timing impacts of working capital. Free cash flow is defined as net cash provided by operating activities less cash capital expenditures, and represents the cash available to creditors and investors after investing in the business. Free cash flow excluding working capital is defined as net cash provided by operating activities excluding working capital less cash capital expenditures and represents the cash available to creditors and investors after investing in the business excluding the timing impacts of working capital. The company believes these measures are useful to monitor the financial health of the company and its performance over time. A reconciliation of cash flow from operations excluding working capital, free cash flow and free cash flow excluding working capital are shown in Attachment 3.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company's products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company's global supply chain, including supply chain constraints; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

Sean Comey -- +1 925-842-5509

• Combines Chemical and Downstream businesses, centralizes Technology and Engineering and key service organizations
• Enhances integration, customer focus and takes maximum advantage of corporate scale to improve performance, reduce costs and grow shareholder value
• Continues ongoing effort to fully leverage competitive advantages

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value.

“Our transformed business structure enables us to more fully leverage the corporation’s scale, integration, technology advantages, and the skills and capabilities of our talented workforce, to better serve our customers,” said Darren Woods, chairman and chief executive officer.

“Aligning our businesses along market-focused value chains and centralizing service delivery, provides the flexibility to ensure our most capable resources are applied to the highest corporate priorities and positions us to deliver greater shareholder returns.”

Effective April 1, the company will be organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions. They will be supported by a single technology organization, ExxonMobil Technology and Engineering, and other centralized service-delivery groups providing like capabilities, building on the successful consolidation of major projects across the corporation in 2019.

The move is a further evolution of the company’s business model and part of its strategy to build globally competitive businesses that lead industry in earnings and cash flow growth, operating performance and the energy transition.

ExxonMobil is on track to exceed $6 billion in structural cost savings by 2023, compared to 2019, driven by savings from the new business structure and measures such as centralizing procurement, digital transformation of processes, and right-sizing programs that were announced in 2020.

The new ExxonMobil Product Solutions Company will engineer, manufacture and deliver products needed by modern society at an industry-leading scale, serving multiple segments, products and markets. It will play a critical role in reducing greenhouse gas emissions and plastic waste by developing more sustainable products such as:

• Lower-emissions fuels to help decarbonize commercial transportation, including aviation and marine.
• Chemical performance products that enable customer emissions reductions in applications in the agriculture, health and renewable energy sectors.
• Next-generation lubricants and plastics that improve efficiency for traditional and electric vehicles.
• Certified circular polymers that bring new life to plastic waste through advanced recycling.

ExxonMobil Product Solutions will be the market leader in sales of polyethylene and other high-value chemical products and hold the No. 2 market position in aromatics, lubricants and fuel additives.

Karen McKee, formerly president of ExxonMobil Chemical Company has been appointed to lead ExxonMobil Product Solutions.

ExxonMobil Technology and Engineering will integrate technology activities, improving value delivery through centralized management of technical capabilities tightly linked to business priorities.

Priorities include developing new technologies to significantly lower the cost of scope 1, 2 and 3 emissions reductions; reducing greenhouse gas emissions at the asset level; increasing production yields and revenue; developing high-value differentiated products for customers; and improving advanced recycling of plastic waste.

Linda DuCharme, formerly president of ExxonMobil Upstream Integrated Solutions and ExxonMobil Upstream Business Development, has been appointed to lead ExxonMobil Technology and Engineering Company.

This change will also consolidate the Upstream into a single organization, ExxonMobil Upstream Company, which will be led by Liam Mallon, formerly president of ExxonMobil Upstream Oil and Gas Company.

To further collaboration and integration, the company said it will relocate its corporate headquarters from Irving, Texas, to its campus north of Houston. The move, which will be completed mid-year 2023, will enable closer teamwork to accelerate and increase value delivery through company-wide approaches.

“We greatly value our long history in Irving and appreciate the strong ties we have developed in the North Texas community,” said Woods. “Closer collaboration and the new streamlined business model will enable the company to grow shareholder value and position ExxonMobil for success through the energy transition.”

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com, the Energy Factor and Carbon capture and storage | ExxonMobil.

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Cautionary Statement

Outlooks, projections, estimates, goals, targets, descriptions of business plans and objectives, market expectations and other statements of future events or conditions in this release are forward-looking statements. Actual future results, including future earnings and cash flows; cost savings; business performance; market position; and shareholder returns could differ materially due to a number of factors. These include changes in oil or gas demand, supply, prices or other market conditions affecting the oil, gas, petroleum and petrochemical industries; the ability to execute operational objectives and realize the benefits of organizational changes on a timely and successful basis; timely completion and startup of new projects; the outcome of research efforts and future technology developments; changes in laws or regulations, including treaties and laws regarding the environment; development of government policies and markets including with respect to lower-emission products; actions of competitors; war and other political or security disturbances; the outcome of commercial negotiations; the pace of recovery from the COVID-19 pandemic, and responsive actions taken by governments and consumers; general economic conditions, including the occurrence and duration of economic recessions; and other factors discussed in Item 1A. Risk Factors in our most recent Form 10-K and under the heading “Factors Affecting Future Results” available through the Investors page of our website at www.exxonmobil.com. For additional information on cash operating costs see “Frequently Used Terms” also available through our website.

ExxonMobil
Media Relations, 972-940-6007

METAIRIE, La.--(BUSINESS WIRE)--To give its shareholders more liquidity, Biloxi Marsh Lands Corporation today announced that it is creating a passive electronic stock-trading bulletin board. Using the bulletin board, shareholders and investors will be able to post notices of intent to buy or sell the Company’s common stock and to browse those posts for possible purchases or sales. Shareholders and investors can then directly communicate with each other to arrange the purchase or sale of the shares. Biloxi Marsh Lands Corporation will not act as a broker and participants will have to arrange for the delivery of payment and of shares themselves. The Company’s goal is to set up a 24/7 internet platform that will give our shareholders a forum to buy and sell the Company’s shares of common stock.

Previously, shares of Biloxi Marsh Lands Corporation had traded on the over-the-counter market under the symbol, “BLMC” and the shares were quoted on the Pink Sheets^©. After September 28, 2021 and the implementation of amended Rule 15c2-11, the SEC prohibited broker-dealers from quoting companies like Biloxi Marsh Lands Corporation, who do not provide financial statements that are prepared according to Generally Accepted Accounting Principles (“GAAP”).

Meeting the requirements of the amended SEC rule, which includes the conversion and maintenance of GAAP financial statements, will significantly increase costs to the Company, both in financial consideration paid to third parties and increased internal administrative expenses. The Company will continue its long-time practice of issuing current annual audited financial statements on the income tax basis of reporting and annual President’s Letter along with quarterly and special press releases. All this information has been and will be available on the Company’s website: www.biloximarshlandscorp.com.

Biloxi Marsh Lands Corporation hopes to have its electronic bulletin board up and running by the end of the first quarter of this year. Biloxi Marsh Lands Corporation is not a registered national securities exchange, information processor, broker, dealer, or investment adviser.

Biloxi Marsh Lands Corporation
Eric Zollinger: 504-837-4337

Tortoise Energy Infrastructure Corp. (NYSE: TYG)
Tortoise Midstream Energy Fund, Inc. (NYSE: NTG)
Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP)
Tortoise Energy Independence Fund, Inc. (NYSE: NDP)
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)

OVERLAND PARK, Kan.--(BUSINESS WIRE)--TortoiseEcofin today announced the tax characterization of 2021 distributions paid to common stockholders of each of the funds listed below:

Additional information regarding the tax characterization of the 2021 distributions is available at www.TortoiseEcofin.com.

A copy of the information is also available upon request by calling (866) 362-9331.

Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual Report

The adviser also announced today the release of the combined 2021 annual stockholders' report including all of these funds. The annual report is available online at cef.tortoiseecofin.com. Please call (866) 362-9331 or email This email address is being protected from spambots. You need JavaScript enabled to view it. to request a hard copy of this report free of charge.

About Tortoise

Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. For additional information, please visit www.TortoiseEcofin.com.

Tortoise Capital Advisors, L.L.C. is the Adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., and Tortoise Power and Energy Infrastructure Fund, Inc.

For additional information on these funds, please visit cef.tortoiseecofin.com.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

For more information contact Jen Ashlock at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it..

• CEMEX acquires sustainable waste management company “Broquers Ambiental” in Mexico as part of its Future in Action program to achieve carbon neutrality.
• Currently, CEMEX transforms more than 500,000 tons of waste per year into climate-friendly fuels for its operations, avoiding the emission of more than 730,000 tons of CO₂, which is equivalent to planting 12 million trees, thus helping to protect the environment and promote a circular economy in Mexico.

MONTERREY, Mexico--(BUSINESS WIRE)--$CEMEX #CEMEX--CEMEX, S.A.B. de C.V. (“CEMEX”) announced the acquisition of Broquers Ambiental ("Broquers"), a sustainable company that focuses on the separation, recovery, and treatment of urban solid waste generated in the city of Queretaro. This acquisition is part of CEMEX's Future in Action program, aimed to achieve carbon neutrality.

“With this acquisition, at CEMEX, we are firmly committed to the circular economy by integrating our value chain to the production of climate-friendly fuels that we use in cement production. Our objective for this year is to double Broquer´s capacity and thereby contribute to the progress towards sustainability in the city of Queretaro, as well as the transformation of Mexico towards a green economy,” said Ricardo Naya, President of CEMEX Mexico.

All waste processed at the Broquers plant will be used as a climate-friendly fuel to power CEMEX's operations in Mexico; CEMEX takes advantage of the energy generated from the processed waste to use in its plants. Thanks to this process, CO₂ emissions into the atmosphere are reduced by replacing fossil fuels, one of the most significant contributors to global warming.

Last year, CEMEX harnessed the energy of more than 500,000 tons of waste to power its operations in Mexico, avoiding the emission of more than 730,000 tons of CO₂ per year or the equivalent of planting 12 million trees.

Broquers expects to increase the current staff by 50 new employees this year to expand its processing capacity.

Broquers was the first plant of its kind in Mexico to have sophisticated waste separation equipment in line with European standards for waste treatment. This results in a fast, highly efficient, and safe industrial process that solves the challenge of Queretaro´s municipal waste in a local, sustainable, and environmentally friendly way.

Broquers will continue to operate ordinarily and comply, as before, with all the conditions stipulated in its concession title for the treatment of urban solid waste in the municipality of Queretaro. Also, the transaction did not represent any legal or financial impact for the city.

CEMEX (NYSE: CX) is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: cemex.com

CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

Media Relations
Jorge Pérez
+52 (81) 8259-6666
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Analyst and Investor Relations
Alfredo Garza / Fabián Orta
+1 (212) 317-6011
+52 (81) 8888-4327
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