Oil extraction – Page 2

23Oct

By adminNo Comments

World

Chevron to Buy Hess for $53 Billion

Updated Oct. 23, 2023 1:50 pm ETChevron said it would buy Hess in an all-stock deal worth $53 billion, the second major oil tie-up this month following Exxon Mobil’s deal to buy Pioneer Natural Resources. The U.S. energy company said buying Hess would upgrade and diversify its portfolio, marking Chevron’s entrance into an Exxon-led partnership overseeing a generational oil find in Guyana, while picking up additional U.S. shale assets largely in North Dakota.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Chevron and Exxon Might Have Kicked Off an Oil Land Grab

23Oct

By adminNo Comments

Money

Chevron and Exxon Might Have Kicked Off an Oil Land Grab

The smell of mergers and acquisitions is in the air following more than $110 billion worth of oil megadeals this month—Chevron’s agreement to buy Hess and Exxon Mobil’s deal for Permian giant Pioneer Natural Resources. Who’s next?Deal talks are already under way. Devon Energy, another top Permian producer, is said to be eyeing targets that include Marathon Oil and CrownRock, according to a report from Bloomberg. Gas producer Chesapeake Energy is reportedly considering an acquisition of Southwestern Energy, according to Reuters.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

14Oct

By adminNo Comments

World

Exxon CEO’s $60 Billion Vindication

Listen to article(2 minutes)In 2021, Darren Woods suffered a humbling defeat. A little-known activist investor convinced shareholders to give it three seats on the board of the oil behemoth he helms, Exxon Mobil, attacking his big spending and strategy for the shift to green energy.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

12Oct

By adminNo Comments

Business

Exxon's Pioneer Shale Play

The oil and gas giant protects itself from Biden leasing rules.

The Oil Patch Is Primed for an Era of Megadeals

7Oct

By adminNo Comments

World

The Oil Patch Is Primed for an Era of Megadeals

A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.

7Oct

By adminNo Comments

Money

The Oil Patch Is Primed for an Era of Megadeals

A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.

Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer

6Oct

By adminNo Comments

Money

Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer

A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said.

The Biden administration plans to schedule three oil and gas lease sales in the Gulf of Mexico over the next five years, a reversal of the president's campaign promise to stop new offshore drilling under his administration.

30Sep

By adminNo Comments

World

The Biden administration plans to schedule three oil and gas lease sales in the Gulf of Mexico over the next five years, a reversal of the president's campaign promise to stop new offshore drilling under his administration.

The Biden administration plans to schedule three oil and gas lease sales in the Gulf of Mexico over the next five years, a reversal of the president’s campaign promise to stop new offshore drilling under his administration.