[ad_1] Updated Jan. 16, 2024 12:30 pm ET British oil major Shell suspended all shipments through the Red Sea after U.S. and U.K. strikes on Yemen’s Houthi rebels triggered fears…
Tag: Integrated Oil/Gas
Shell to Sell Nigeria Onshore Oil Business for Up to $2.4 Billion
[ad_1] Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit…
Shell Flags Earnings Hit of Up to $4.5 Billion From Impairments
[ad_1] Updated Jan. 8, 2024 5:44 am ET Shell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly…
Exxon Mobil Expects Up to $2.6 Billion in Upstream Impairments
[ad_1] Exxon Mobil is expecting up to $2.6 billion in impairments in the fourth quarter for its upstream business, mostly related to idled assets in California. The oil and gas…
Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets
[ad_1] Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas…
BP Docks Former CEO Bernard Looney as Much as $40 Million Over ‘Serious Misconduct’
[ad_1] Updated Dec. 13, 2023 1:07 pm ET LONDON—BP said former Chief Executive Bernard Looney will lose out on as much as $40.6 million in compensation as the result of…
FTC Probes Chevron’s $53 Billion Deal for Hess
[ad_1] Updated Dec. 8, 2023 11:34 am ET The Federal Trade Commission is investigating Chevron’s $53 billion proposed deal to buy Hess, the second-biggest oil megamerger this year. Chevron and…
FTC Investigates Exxon’s $60 Billion Deal for Pioneer
[ad_1] Updated Dec. 5, 2023 5:25 pm ET U.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which would be the largest oil-and-gas deal in two…
U.S. Oil Land Grab Continues
[ad_1] Occidental’s talks with CrownRock will make the few remaining large parcels in the Permian basin pricey. [ad_2] Source link