ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign of slowing down.
Category: Chevron Corporation
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Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders
Hurdles remain as Chevron and Exxon Mobil wage a legal battle over Hess’s stake in a lucrative oil project in Guyana.
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Exxon Mobil and Chevron Report Lower Earnings
Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.
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Exxon Raises Questions About Chevron’s $53 Billion Deal for Hess
Exxon may try to upend its rival’s megadeal. The prize is a 30 percent stake in the oil-rich fields off the coast of Guyana.
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Oil Giants Pump Their Way to Bumper Profits
Exxon and Chevron reported robust earnings and large payouts to investors as they continued to expand their fossil-fuel production.
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What the Supreme Court Fishery Case Could Mean for Federal Agencies’ Power
The case appears poised to be the next step in the conservative legal movement’s multigenerational effort to chip away at the New Deal.
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Supreme Court to Hear Case That Could Limit Power of Federal Government
The Supreme Court will hear arguments on Wednesday over whether to overturn a key precedent on the power of executive agencies.
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2024 M&A Outlook After a Rough Year for Deal Makers
Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.
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In a Warming World, Clean Energy Stocks Fall While Oil Prospers
The market is focused on making money now and isn’t heeding urgent warnings about climate change, our columnist says.
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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.