The Los Angeles Post
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Today: March 30, 2025
Today: March 30, 2025
Gary McWilliams

Gary McWilliams

Staff Writer

Latest From Gary McWilliams

Americas|Business|Economy|Finance|Stock Markets|US

US court accepts $20.8 billion in claims against Venezuela in Citgo auction

A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get

Business|Economy|Finance|Stock Markets|US

Big oil enters 2024 strengthened by U.S. industry consolidation

The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost reserves and prepare

Big oil enters 2024 strengthened by U.S. industry consolidation
Business|Finance|US

Interest jumps in US auction of shares in parent of Venezuela-owned Citgo

Dozens of companies have rushed in recent weeks to obtain data and join a U.S. court-ordered auction of shares in a parent of Houston-based

Interest jumps in US auction of shares in parent of Venezuela-owned Citgo
Americas|Business|Economy|Finance|News|US

Exclusive-Conoco emerges as surprise bidder in historic Citgo share auction

A U.S. court auction weighing the fate of Venezuela-owned oil refiner Citgo Petroleum has received bids using claims in lieu of cash,

Exclusive-Conoco emerges as surprise bidder in historic Citgo share auction
Business|Crime|Economy|US

Head of Exxon's shale oil business faces sexual assault charge in Texas

The head of Exxon Mobil's shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at a Texas hotel last

Head of Exxon's shale oil business faces sexual assault charge in Texas
Business|Finance|Stock Markets

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron offer

Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron offer
Business|Economy|Finance

Complex bids could extend Citgo auction evaluation, sources say

A U.S. federal court will likely extend a period for reviewing bids submitted in an auction of shares in the parent of Venezuela-owned

Complex bids could extend Citgo auction evaluation, sources say
Business|Finance|Stock Markets|US

Icahn-owned oil refiner CVR bidding in Citgo share auction, sources say

Oil refiner CVR Energy, controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of shares in the

Icahn-owned oil refiner CVR bidding in Citgo share auction, sources say
Americas|Economy|Finance|Stock Markets|US

US judge clears way for more Venezuela creditors to join Citgo auction

A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate in a January auction of shares in the

US judge clears way for more Venezuela creditors to join Citgo auction
Business|Economy|Finance|US

US oil and gas mergers continue at furious pace in Q2, says Enverus

U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big dollar tie-ups pushing values higher, according to data

US oil and gas mergers continue at furious pace in Q2, says Enverus
Business|Economy|Finance

Citgo auction pits Icahn-backed oil refiner, creditor group

An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are competing

Citgo auction pits Icahn-backed oil refiner, creditor group
Business|Economy|Finance

New drilling technology to put billions of barrels of oil in reach, analysts say

An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude

Americas|News|US|World

Hurricane Francine forces Louisiana evacuations, oil and gas shutdowns

Francine strengthened into a hurricane on Tuesday night, the U.S.

Hurricane Francine forces Louisiana evacuations, oil and gas shutdowns
Business|Economy|Finance

Elliott affiliate wins Citgo share auction with $7 billion conditional offer

An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares in a parent of oil

Elliott affiliate wins Citgo share auction with $7 billion conditional offer
Economy|Finance|News|US

Citgo share auction creditors oppose terms of Elliott-affiliate's bid

Creditors seeking proceeds from a U.S. court-ordered auction of shares in a parent of Citgo Petroleum to compensate them for Venezuela's debt

Citgo share auction creditors oppose terms of Elliott-affiliate's bid
Business|Economy|Finance|US

Citgo auction creditors assail Elliott bid, seek rival offers

Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would

Citgo auction creditors assail Elliott bid, seek rival offers
Economy|Finance|Stock Markets|US

Elliott defends Citgo offer in the face of creditors' objections

Hedge fund Elliott Investment Management on Monday pressed a court not to hold up its bid for Citgo Petroleum, saying the Venezuela-owned oil refiner's assets "

Elliott defends Citgo offer in the face of creditors' objections
Business|Economy|Finance|Stock Markets|US

Exxon's $8.6 billion profit beats as record output offsets weak fuel prices

Exxon Mobil on Friday edged past Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes

Exxon's $8.6 billion profit beats as record output offsets weak fuel prices
Americas|Business|Economy|Finance|US

Soaring legal fees in snarled Citgo auction rankle companies

Court advisers have billed nearly $30 million for a stalled auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum,

Soaring legal fees in snarled Citgo auction rankle companies
Business|Finance|Stock Markets

With Citgo share auction in shambles, US court readies plan to start over

An auction of shares in a Citgo Petroleum parent to pay claims against Venezuela needs to be overhauled, a court adviser recommended on

With Citgo share auction in shambles, US court readies plan to start over
Business|Economy|Finance|Stock Markets|US

Chevron to take up to $1.5 billion in fourth-quarter charges

U.S. oil producer Chevron on Thursday said it will take up to $1.5 billion in fourth-quarter charges for restructuring, asset impairments and property sales

Chevron to take up to $1.5 billion in fourth-quarter charges

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