Chesapeake Energy, Southwestern Energy Sign Merger Agreement
Chesapeake Energy and Southwestern Energy have agreed to merge in an all stock-transaction valued at $7.4 billion that is aimed...
oil
Occidental to Buy CrownRock for $12 Billion as Oil Patch Consolidates
Updated Dec. 11, 2023 8:13 am ETOccidental Petroleum announced a $12 billion agreement Monday to buy West Texas producer CrownRock...
The Next Chips to Transform EVs Could Be Made From Wood
Listen to article(2 minutes)ADELAIDE, Australia—Ivan Williams reckons he can help to break China’s dominance of a key ingredient of electric-vehicle...
FTC Investigates Exxon’s $60 Billion Deal for Pioneer
Updated Dec. 5, 2023 5:25 pm ETU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which...
Exxon Makes Lithium Play in Long-Term Bet on EV Demand
Updated Nov. 13, 2023 10:02 am ETExxon Mobil said Monday it is starting to drill for lithium in Arkansas and...
An American Family Oil Dynasty Ends as Hess Sells
Listen to article(2 minutes)One of the first things you notice when entering the Hess Tower in downtown Houston is the...
Exxon, Chevron Invest in the West as Global Conflicts Increase
Updated Oct. 25, 2023 12:01 am ETListen to article(2 minutes)As the world becomes more dangerous, the two largest Western crude...
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...
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...
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....
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...
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...
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...
