[ad_1] Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the…
Tag: oil extraction
WSJ News Exclusive | OPEC+ Mulls New Oil Production Cuts Amid Middle East Conflict
[ad_1] Updated Nov. 29, 2023 2:03 pm ET OPEC and its Russia-led allies are considering new oil production cuts of as much as 1 million barrels a day, delegates said…
American Oil—Good to the Last Drop?
[ad_1] How low can they go? U.S. shale developers have been on a relentless chase to drill for oil as cheaply as possible. With plenty of cash in their pockets…
Chevron and Exxon Might Have Kicked Off an Oil Land Grab
[ad_1] The smell of mergers and acquisitions is in the air following more than $110 billion worth of oil megadeals this month—Chevron’s agreement to buy Hess and Exxon Mobil’s deal…
Chevron to Buy Hess for $53 Billion
[ad_1] Updated Oct. 23, 2023 7:45 am ET Chevron said it would buy Hess in an all-stock deal worth $53 billion, the second major oil tie-up this month following Exxon…
Exxon to Buy Pioneer in $60 Billion Deal to Create Shale Giant
[ad_1] The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction so far this year. [ad_2] Source link
The Oil Patch Is Primed for an Era of Megadeals
[ad_1] A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own. [ad_2] Source link
WSJ News Exclusive | Saudi Arabia Willing to Raise Oil Output to Help Secure Israel Deal
[ad_1] Riyadh has signaled to the White House it would act if crude prices are too high to win goodwill in the U.S. Congress. [ad_2] Source link
Opinion | Chuck Schumer Doesn’t Know How Gas Prices Work
[ad_1] Senate Majority Leader Chuck Schumer and 22 Democratic senators recently wrote to Federal Trade Commission Chairman Lina Khan calling for an investigation into the proposed mergers between Exxon Mobil…