Chevron Corp

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend
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Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

Occidental Petroleum Jay L. Clendenin | Los Angeles Instances | Getty Photographs Occidental Petroleum has agreed to purchase CrownRock, a serious privately held power producer that operates within the Permian Basin, for $12 billion. The deal is newest in a spate of consolidation within the U.S .power sector, notably within the Permian, the biggest oil-producing … Read more

Exxon CEO dismisses worries FTC could hold up Pioneer deal
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Exxon CEO dismisses worries FTC could hold up Pioneer deal

Darren Woods, CEO of ExxonMobil, speaks throughout an interview with CNBC on the ground on the New York Inventory Trade (NYSE) in New York Metropolis, U.S., December 7, 2023.  Brendan Mcdermid | Reuters Exxon Mobil CEO Darren Woods on Thursday dismissed worries that the Federal Commerce Fee may maintain up the oil big’s pending acquisition … Read more

Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says
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Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says

The Gorgon liquefied pure fuel (LNG) and carbon seize and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Photos The oil and fuel business must let go of the “phantasm” that carbon seize know-how is an answer to local weather change and … Read more

Chevron, Exxon’s latest buys could herald a new era of oil megamergers
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Chevron, Exxon's latest buys could herald a new era of oil megamergers

Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Power heavyweights Chevron and Exxon Mobil introduced shiny new acquisitions this month — and a few business watchers say it could possibly be the beginning of extra multibillion megadeals to return. Chevron on Monday said it’s buying Hess for $53 billion in inventory, permitting … Read more

Why Exxon, Chevron are doubling down on fossil fuel energy
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Why Exxon, Chevron are doubling down on fossil fuel energy

Costs at a Chevron Corp. fuel station in Fontana, California, on Thursday, July 8, 2021. Kyle Grillot | Bloomberg | Getty Pictures On Monday, Chevron introduced plans to accumulate oil and fuel firm Hess for $53 billion in stock. Less than two weeks prior, Exxon Mobil introduced it’s buying oil firm Pioneer Natural Resources for … Read more

Oil deals and awaiting tech earnings
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Oil deals and awaiting tech earnings

Merchants work on the ground of the New York Inventory Trade on April 26, 2023 in New York Metropolis.  Michael M. Santiago | Getty Pictures This report is from as we speak’s CNBC Every day Open, our new, worldwide markets e-newsletter. CNBC Every day Open brings buyers in control on every thing they should know, … Read more