Swiss Fund Managing $270B Halts Debt Purchases From Major Oil Producers Including Saudi Aramco

CVX-3.87%
According to Bloomberg, a Swiss institutional investor managing over $270 billion in assets is halting purchases of bonds issued by major oil and gas producers. The decision follows recommendations from the Swiss Association for Responsible Investment (SVVK-ASIR), which has proposed blacklisting debt from Chevron, ExxonMobil, Saudi Aramco, Marathon Petroleum, PBF Energy, Phillips 66, and Valero Energy. The blacklist applies only to debt investments; equity holdings remain exempt, with the association recommending members continue exercising voting rights on stock positions.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments