Last 42,121
Change Today +1,090 / 2.66%
Volume 1.6M
SOL On Other Exchanges
Symbol
Exchange
Johannesburg
Frankfurt
Frankfurt
Mexico
As of 10:00 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

sasol ltd (SOL) Snapshot

Open
$40,875
Previous Close
$41,031
Day High
$42,231
Day Low
$40,875
52 Week High
06/17/14 - $65,299
52 Week Low
01/15/15 - $36,000
Market Cap
274.2B
Average Volume 10 Days
2.0M
EPS TTM
$60.16
Shares Outstanding
650.9M
EX-Date
10/6/14
P/E TM
7.0x
Dividend
$2,150
Dividend Yield
5.10%
Current Stock Chart for SASOL LTD (SOL)

sasol ltd (SOL) Related Bloomberg News

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sasol ltd (SOL) Details

Sasol Limited operates as an integrated energy and petrochemicals company worldwide. The company mines saleable coal; distributes and markets natural gas and methane-rich gas; owns, operates, and maintains cross-border natural gas pipelines; produces coal-based synfuels; produces synthesis gas and converts into synthetic fuel components, chemical feedstock, and pipeline gas; and markets blended fuel products, such as petrol, diesel, jet fuel, illuminating paraffin, liquid petroleum gas, fuel oils, bitumen, motor and industrial lubricants, and sulphur to licensed wholesalers in South Africa. It also supplies ethylene, propylene, polyethylene, polypropylene, polyvinyl chloride, chlor-alkali chemicals, and mining reagents; solvents, acrylates, and associated products; and surfactants, linear alkylbenzene, surfactant intermediates, n-paraffins, n-olefins, C6-C22 alcohols, co-monomers, oleochemicals, and other organic intermediates, as well as provides specialty aluminas, silica aluminas, and hydrotalcites. In addition, the company produces and markets chemical products comprising waxes, fertilizers, and mining explosive products, gases, phenol, ortho-cresol, and meta-cresol and para-cresol, as well as a range of blended products consisting of mixtures of phenol, cresols, xylenols, and other phenol derivatives. Further, it is involved in research and development, alternative energy, and financing activities, as well as produces natural gas and condensate from the Temane and Pande gas fields in Mozambique; oil in Gabon from the offshore Etame, Avouma, and Ebouri oilfield cluster; and shale/tight gas from the Farrell Creek and Cypress A assets in Canada. It has 293 Sasol branded service stations, including 7 Sasol branded integrated energy centers; and 87 Exel service stations in South Africa, as well as exports fuels through third parties to South African Development Community countries. The company was founded in 1950 and is headquartered in Johannesburg, South Africa.

Founded in 1950

sasol ltd (SOL) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: R45.9M
Acting Chief Financial Officer, Executive Dir...
Total Annual Compensation: R6.9M
Executive Vice President of Southern African ...
Total Annual Compensation: R10.4M
Executive Vice President of Upstream & Busine...
Total Annual Compensation: R10.4M
Executive Vice President of Advisory & Assura...
Total Annual Compensation: R9.8M
Compensation as of Fiscal Year 2014.

sasol ltd (SOL) Key Developments

IDC Not To Sell Stakes In Listed Companies

Geoffrey Qhena, Chief Executive Officer of The Industrial Development Corporation of South Africa Limited (IDC) said that IDC will not sell stakes in the listed companies to raise funds to help in Eskom Holdings SOC Limited's cash crunch. Geoffrey further said that selling stakes in the listed investments will result into loss of income which is counter to IDC's objectives. The investments in listed companies provide money to IDC to fund new businesses. According to Barclays, government can raise upto ZAR 86 billion by selling stakes in 10 listed companies. IDC hold stakes in 8 of the 10 companies which are Sasol Ltd. (JSE:SOL), Kumba Iron Ore Ltd. (JSE:KIO), ArcelorMittal South Africa Limited (JSE:ACL), Sappi Limited (JSE:SAP), Life Healthcare Group Holdings Limited (JSE:LHC), Hulamin Limited (JSE:HLM), Merafe Resources Limited (JSE:MRF) and BHP Billiton plc (LSE:BLT). "A complete disposal is out of the picture. Out of the eight we are taking out nothing because they are key in the IDC’s life…. We have not been approached by anyone," Geoffrey Qhena said.

Sasol Limited Announces Completion of $4 Billion Credit Facility for its Ethane Cracker and Derivatives Complex in Lake Charles, Louisiana

Sasol Limited announced the completion of a $4 billion credit facility for its ethane cracker and derivatives at its existing site in Lake Charles, Louisiana. A syndicate of 18 international banks and other financial institutions are lenders for the credit facility. The syndicate consists Book-runners and joint lead arrangers: The Bank of Tokyo-Mitsubishi UFJ Ltd.; BNP PARIBAS; HSBC Bank USA, National Association; Intesa Sanpaolo S.p.A.; JPMorgan Chase Bank, N.A.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Mizuho Bank Ltd.; Sumitomo Mitsui Banking Corporation and Citibank, N.A. Joint lead arrangers: Absa Bank Limited; KfW IPEX-Bank GmbH; Industrial and Commercial Bank of China Limited; ING Capital LLC; Korea Development Bank and SG Americas Securities LLC. Managers: Export Development Canada; Deutsche Bank AG and UniCredit Bank Austria AG. The Bank of Tokyo-Mitsubishi UFJ Ltd. is the administrative agent, Bank of America, N.A. is the account bank, and HSBC Bank USA, National Association is the security trustee for the credit facility. The Royal Bank of Scotland plc acted as the project's financial advisor, and Latham & Watkins LLP served as legal advisor for the project. Skadden, Arps, Slate, Meagher & Flom LLP advised the lenders. In October, Sasol announced its final investment decision relating to a $8.9 billion petrochemical complex, which consists of an ethane cracker that will produce 1.5 million tons of ethylene annually. The complex will also comprise six chemical manufacturing plants, enabling infrastructure and utility improvements. The remainder of the funds required for construction will be raised in a phased manner from a variety of potential sources, including surplus cash available in the group. Additional funding will be announced as it is secured.

INEOS Olefins & Polymers and Sasol Announce Ground Breaking Ceremony for High-Density Polyethylene Joint Venture

INEOS Olefins & Polymers USA and Sasol broke ground on their much anticipated high-density polyethylene manufacturing joint venture at the INEOS Battleground Manufacturing Complex in La Porte, Texas. The facility will produce 470 kilotons per annum of bimodal HDPE using Innovene S process technology licensed from INEOS Technologies. The intention is to produce a limited number of grades allowing high grade efficiencies.

 

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