Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns

Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
Big Oil Gets Bigger as ESG Funds Are Falling Out of Favor
Posted inBP Plc Chesapeake Energy Corporation Chevron Corporation Corporate Social Responsibility Devon Energy Corporation Exxon Mobil Corp Global Warming Hess Corporation internal-storyline-no Mergers, Acquisitions and Divestitures Oil (Petroleum) and Gasoline Southwestern Energy Company

Big Oil Gets Bigger as ESG Funds Are Falling Out of Favor

Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products.