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Today: January 19, 2025
Today: January 19, 2025
Sabrina Valle

Sabrina Valle

Staff Writer

Latest From Sabrina Valle

Business|Economy|Finance|US

Exxon misses on Q1 profit despite big gains in Guyana

Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices

Exxon misses on Q1 profit despite big gains in Guyana
Business|Economy|Europe|Finance

Earnings for Big Oil backpedal as natgas prices tumble

U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago.

Earnings for Big Oil backpedal as natgas prices tumble
Business|Economy|Finance|US

US oil executive censure puts spotlight on shale-OPEC meetings

A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil

US oil executive censure puts spotlight on shale-OPEC meetings
Business|Finance|News|Stock Markets|US

US greenlights Exxon-Pioneer deal, alleges shale founder colluded with OPEC

U.S. regulators gave the go-ahead on Thursday to Exxon Mobil's $60 billion purchase of Pioneer Natural Resources, but barred Pioneer's former CEO

US greenlights Exxon-Pioneer deal, alleges shale founder colluded with OPEC
Business

Magda Chambriard, new Petrobras CEO, charged by Lula with firing up job creation

The next chief executive of Petrobras, Magda Chambriard, arrives with the résumé and mandate to make Brazil's state-

Magda Chambriard, new Petrobras CEO, charged by Lula with firing up job creation
Business|Finance|Stock Markets|US

Hess-Chevron merger vote appears ripe for narrow approval

Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil

Hess-Chevron merger vote appears ripe for narrow approval
Business|Economy|Finance|Stock Markets|US

Hess shareholders sign off on $53 billion sale to Chevron

Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No.

Hess shareholders sign off on $53 billion sale to Chevron
Business|Finance|Stock Markets|US

Hess shareholders approve merger with Chevron

Hess Corp on Tuesday approved the company's $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote.

Hess shareholders approve merger with Chevron
Business|Economy|Finance

Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled

A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed,

Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled
Business|Finance|US

A mountain of asset sales loom after oil megamerger era

U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few

A mountain of asset sales loom after oil megamerger era
Business|Finance|US

Exxon-Hess arbitration panel nears formation, sources say

The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil's claim against Chevron's $53 billion purchase of Hess Corp, two

Exxon-Hess arbitration panel nears formation, sources say
Business|Economy|Finance|US

Exxon to take 18-24 months to hit full stride with Pioneer purchase

Exxon Mobil will take 18 to 24 months to achieve its full production synergies from its $60 billion purchase of U.S. shale oil producer Pioneer Natural Resources,

Exxon to take 18-24 months to hit full stride with Pioneer purchase
Business|Finance|Stock Markets|US

Chevron to buy Hess for $53 billion in latest oil mega-merger

Chevron has agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's massive Guyana

Chevron to buy Hess for $53 billion in latest oil mega-merger
Americas|Business|Economy|News

Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's

Guyana's lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the

Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's
Business|Economy|Finance|US

Exxon signals Q2 below market consensus, excluding Pioneer buy

Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second

Exxon signals Q2 below market consensus, excluding Pioneer buy
Business|Economy|News|US

Chevron and Hess say US FTC merger review expected for third quarter

Oil producers Chevron Corp and Hess Corp expect the U.S.

Chevron and Hess say US FTC merger review expected for third quarter
News

Former Chevron CEO Kenneth Derr dies at 87

Former Chevron Corp chairman and CEO Kenneth T.

Former Chevron CEO Kenneth Derr dies at 87
Business|Finance|US

Exxon clash with Chevron hinges on change of control of Hess' Guyana asset, sources say

Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess'

Exxon clash with Chevron hinges on change of control of Hess' Guyana asset, sources say
Business|Economy|Finance|Stock Markets|US

Exxon delivers $9.2 billion second-quarter profit, raises output target

Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil

Exxon delivers $9.2 billion second-quarter profit, raises output target
Business|Economy|Finance|Stock Markets|US

Exxon reports 59 layoffs to Texas agency post-Pioneer acquisition

Exxon Mobil issued a layoff notice to 59 employees as part of its workforce reshuffle following its $60 billion acquisition of Pioneer Natural Resources, according

Americas|Business|Finance

Hess Guyana's secret value becomes part of Exxon arbitration, sources say

An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, four people

Hess Guyana's secret value becomes part of Exxon arbitration, sources say
Business|Economy

Exxon forecasts 2050 oil demand to match today's, 25% above BP estimate

Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today's levels, a forecast 25% higher

Exxon forecasts 2050 oil demand to match today's, 25% above BP estimate
Business|Finance|US

Exxon, Abu Dhabi's ADNOC to partner in delayed Texas hydrogen project

Abu Dhabi National Oil Company (ADNOC) will acquire a 35% equity stake in Exxon Mobil Corp's proposed low-carbon hydrogen project in Texas, with the companies

Exxon, Abu Dhabi's ADNOC to partner in delayed Texas hydrogen project
Business|Economy|News|US

Chevron CEO hits Biden's natural gas policies, says fuel is crucial for AI

Chevron CEO Michael Wirth on Tuesday criticized U.S.

Chevron CEO hits Biden's natural gas policies, says fuel is crucial for AI
US

FTC set to greenlight Chevron's $53 billion buy of oil rival Hess, sources say

The U.S.

FTC set to greenlight Chevron's $53 billion buy of oil rival Hess, sources say

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