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Bunge Global SA (NYSE: BG) is a leading global agribusiness and food company, with a strong presence in over 40 countries and employing approximately 35,000 people. Founded in 1818 and headquartered in White Plains, New York, Bunge operates at every stage of the food production chain. The company specializes in buying, selling, storing, and transporting oilseeds and grains to meet the needs of customers worldwide.
Bunge processes oilseeds to produce protein meal for animal feed and edible oil products for both commercial customers and consumers. The company is also engaged in the production of sugar and ethanol from sugarcane, as well as milling wheat, corn, and rice to create ingredients for food companies. Additionally, Bunge is a significant seller of fertilizer in South America.
The company operates through several segments, including Agribusiness, Refined and Specialty Oils, Milling, Sugar and Bioenergy, and Corporate and Other. The Agribusiness segment generates the majority of Bunge's revenue and includes activities related to oilseed and grain processing. By leveraging its extensive global network and state-of-the-art facilities, Bunge ensures the efficient transportation and processing of agricultural commodities.
In recent developments, Bunge has partnered with ag-tech start-up WeedOut, Ltd., through its investment arm, Bunge Ventures. WeedOut specializes in developing green solutions to combat herbicide-resistant weeds, an issue posing a significant threat to agriculture and food security worldwide. This collaboration aims to enhance crop yields and reduce reliance on chemical herbicides.
With a commitment to sustainability and innovation, Bunge continues to play a crucial role in connecting farmers to consumers, delivering essential food, feed, and fuel to a growing global population.
Bunge Limited (NYSE:BG) has updated its volume reporting methodology starting Q1 2022, aiming for clearer alignment with its primary income-generating activities. The company will no longer report grains and oilseeds origination volumes. New reporting categories include processing volumes, merchandising volumes, refined and specialty oils segment volumes, and milling segment volumes, while sugar and bioenergy segments will not report volumes. Prior year amounts have been adjusted to match this new methodology, but it does not affect previously issued financial statements.
Bunge Limited (NYSE: BG) will release its financial results for the quarter ended March 31, 2022, on April 27, 2022, before market opening. A conference call will take place at 7:00 am Central Time to discuss these results, available via webcast at www.bunge.com. Investors can access the call by dialing 1-844-735-3666 or 1-412-317-5706 for international calls. A replay will be accessible from April 27 through May 27, 2022.
Bunge is a leader in oilseed processing, committed to delivering essential food and fuel globally, with significant operations spanning over 40 countries.
Bunge Limited (NYSE: BG) announced the automatic conversion of its 4.875% cumulative convertible perpetual preference shares into common shares effective March 23, 2022. This conversion, triggered by the common share price surpassing 130% of the conversion price, will simplify the company's capital structure and increase its public float. Approximately 6.9 million preference shares will convert into 8.9 million common shares. Following this conversion, no preferred shares will remain, and holders will lose their rights to previously declared dividends.
Bunge Limited (NYSE: BG) announced a quarterly cash dividend of $0.525 per share on February 23, 2022, payable on June 2, 2022, to shareholders on record as of May 19, 2022. Additionally, a dividend of $1.21875 per share for its 4.875% cumulative convertible perpetual preference shares will be paid on June 1, 2022, to those on record by May 15, 2022. Bunge aims to connect farmers to consumers, emphasizing sustainability and global food security while operating over 300 facilities worldwide.
Chevron Corporation (NYSE: CVX) and Bunge Limited (NYSE: BG) have entered definitive agreements to form a joint venture focused on renewable fuel feedstocks. Bunge will contribute its soybean processing plants in Louisiana and Illinois, while Chevron will invest approximately $600 million in cash. The venture aims to double production capacity from 7,000 tons per day by the end of 2024 and explore further renewable opportunities. Chevron plans to produce 100,000 barrels per day of renewable diesel and sustainable aviation fuel by 2030, securing a reliable feedstock supply for lower carbon intensity fuels.
Bunge Limited (NYSE:BG) reported strong full-year 2021 results with GAAP EPS of $13.64, up from $7.71 in 2020. Q4 GAAP EPS was $1.52, a decrease from $3.74 year-over-year. The company's Agribusiness segment thrived due to effective operations, while Refined and Specialty Oils achieved record results. Looking ahead, Bunge anticipates adjusted EPS of at least $9.50 for 2022, although some segments may see a decline from record 2021 levels. The company continues to navigate the impacts of COVID-19 while focusing on growth and ESG goals.
Bunge Limited (NYSE: BG) is set to report its financial results for the quarter ending December 31, 2021, on February 9, 2022, prior to market opening. Management will conduct a conference call at 7:00 am Central Time to discuss these results, with a slide presentation available on their website. Investors can listen to the call by dialing specific numbers depending on their location, or through a live webcast. A replay will be accessible later that day until March 9, 2022. For more details, visit www.bunge.com.
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