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

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.
Exxon Acquires Pioneer Natural Resources for $60 Billion

Exxon Acquires Pioneer Natural Resources for $60 Billion

The acquisition of Pioneer Natural Resources, Exxon’s largest since its merger with Mobil in 1999, increases the company’s presence in the Permian basin in Texas and New Mexico.