French industrial gases company Air Liquide on Tuesday announced a joint investment with French oil major TotalEnergies to develop two large-scale, low-carbon hydrogen production plants in the Netherlands.
L'Air Liquide S.A. (OTCPK:AIQUF) Q3 2024 Q3 2024 Sales/Trading Statement Call October 23, 2024 4:30 AM ET Company Participants Aude Rodriguez - Head of Investor Relations François Jackow - Chief Executive Officer & Director Jerome Pelletan - Vice President, Chief Financial Officer & Member of the Executive Committee Emilie Mouren-Renouard - Vice President, Europe Industries, Member of the Executive Committee Adam Peters - Vice President, Chief Executive Officer, Air Liquide North America Conference Call Participants Alexander Jones - Bank of America Chetan Udeshi - JPMorgan Peter Clark - Bernstein Geoff Haire - UBS Sebastian Bray - Berenberg Jaideep Pandya - On Field Research Thomas Wrigglesworth - Morgan Stanley Operator Good morning, ladies and gentlemen, and welcome to the Air Liquide Third Quarter 2024 Revenue Conference Call.
Air Liquide reported a drop in revenue for the third quarter and missed analysts' expectations due to lower energy prices and negative currency effects.
France's political instability, with extreme parties potentially gaining power, has caused significant market uncertainty and a drop in L'Air Liquide's share price. Despite the current volatility, L'Air Liquide maintains strong financial health, diversified operations, and long-term growth prospects, particularly in healthcare and semiconductors. If extreme political outcomes are avoided, the current dip in share price could present a valuable investment opportunity due to the company's resilient business model and strategic growth initiatives.
Exxon Mobil and Air Liquide have agreed to support the production of low-carbon hydrogen and ammonia at the oil major's facility in Baytown, Texas, the companies said on Monday.
Air Liquide will invest $250 million on a new industrial gas plant in Idaho to supply U.S. chipmaker Micron Technology with ultra-pure nitrogen and other gases.