Welcome to our dedicated page for Celanese Corporation news (Ticker: $CE), a resource for investors and traders seeking the latest updates and insights on Celanese Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Celanese Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Celanese Corporation's position in the market.
Celanese has been awarded the American Chemistry Council's 2024 Sustainability Leadership Award in the “Circularity” category for its carbon capture and utilization project in Texas. The project is expected to capture 180,000 metric tons of CO2 emissions annually and produce 130,000 metric tons of low-carbon methanol. This initiative highlights Celanese's commitment to sustainability and innovation, enabling the production of ECO-CC products across various industries.
Celanese (NYSE: CE) reported first quarter diluted earnings per share of $1.10 and adjusted earnings per share of $2.08 with net sales of $2.6 billion, reflecting a 2% increase. Despite challenges in the demand environment, Celanese managed to largely offset higher expenses and reported operating profit of $210 million. The company demonstrated the ability to execute in a stabilizing market and is focused on enhancing earnings power for the future.