Chevron to Buy Hess for $53 Billion
Updated Oct. 23, 2023 10:12 am ETChevron said it would buy Hess in an all-stock deal worth $53 billion, the...
Energy
Exxon to Buy Pioneer in $60 Billion Deal to Create Shale Giant
The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction...
Cruise Lines Pursue Greener Journeys Ahead of New Climate Rules
As tourists flock to ships and strain port cities, regulators and environmental groups are pushing companies to invest in cleaner...
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....
Chevron Labor Dispute Flares Up Again in Australia
Workers at two natural-gas facilities operated by Chevron in Australia have voted to restart industrial action, reigniting a dispute that...
PG&E’s $6 Billion Plan to Prevent Wildfires Is in Peril
California regulators are likely to significantly restrict the number of power lines the company can bury in the coming years...
Oil Is Near $100. Shale Isn’t Coming to the Rescue.
Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link
Fuel Prices Are Soaring. Who Is Feeling the Pinch?
Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link
WSJ News Exclusive | Inside Exxon’s Strategy to Downplay Climate Change
Listen to article(2 minutes)Exxon Mobil issued its first public statement that burning fossil fuels contributes to climate change in 2006,...
With CEO Out, BP Faces Choice of Whether to Abandon Push to Go Green
The surprise departure of Bernard Looney presents an opportunity for the oil giant to again prioritize fossil fuels. Source link
The Race to Drill America’s Longest Oil and Gas Wells
With the shale boom’s end in sight, some companies are trying to impress Wall Street by eking out growth—and drilling...
WSJ News Exclusive | Saudi Arabia’s Aramco Considers Selling $50 Billion in Shares
The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans...
Utilities Face a Growing Dilemma: Shut Off Power or Risk Wildfires
As wildfire risk spreads from Oregon to Hawaii, utilities weigh whether to leave customers in the dark when winds pick...
WSJ News Exclusive | PG&E Scraps Tree-Trimming Program Once Seen as Key to Fire Prevention
The California utility spent more than $2 billion on an effort it says was ineffective. Its focus now is on...
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping...
Weaker Energy Prices Temper Shell’s Profit, but Not Cash Payouts for Investors
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its...
Chevron Waives Retirement Age for CEO Mike Wirth
The oil giant reported higher-than-expected profit in the second quarter. Source link
Google, McDonald’s, Exxon Headline Busy Earnings Week
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. Source link
Drones Reach Stratospheric Heights in Race to Fly Higher, Longer
New military and commercial craft aim to go far higher than jumbo jets and stay there for months, offering a...
Market Bets on Cheaper Oil, Dashing Saudi Hopes for a Price Rebound
The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom’s efforts to...
