Oil and Gas
ConocoPhillips to acquire Marathon Oil in $17.1 billion all-inventory deal that bolsters shale property
ConocoPhillips Chairman & CEO Ryan Lance speaks all through the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | AFP | Getty Photos ConocoPhillips agreed on Wednesday to get Marathon Oil in an all-inventory transaction really worth $17.1 billion that would bolster the company’s shale property as the broader oil and […]
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Hess shareholders to vote on Chevron deal as dispute with Exxon in excess of Guyana belongings produces uncertainty
Jaap Arriens | Nurphoto | Getty Images Hess shareholders will vote Tuesday on the New York-headquartered oil company’s pending acquisition by Chevron for $53 billion, as the timeline for when the deal may perhaps shut has develop into significantly murky with the businesses locked in a dispute with Exxon Mobil. The pending deal is in […]
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Iran strategies to elevate oil output to 4 million barrels for every day — Tasnim
The sunshine sets guiding a pumpjack during a gusty evening on March 24, 2024 in Fort Stockton, Texas. Brandon Bell | Getty Photographs Iran has authorised a plan to raise its oil output to four million barrels for each day, the country’s Tasnim news agency reported on Sunday, with no furnishing a time frame. “An […]
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Oil prices bounce back from 3-thirty day period lows but guide a loss for the 7 days
A Shell fuel station in Austin, Texas, on Might 3, 2024. Brandon Bell | Getty Illustrations or photos Crude oil futures bounced back again from three-thirty day period lows on Friday but nonetheless booked to a decline for the week, as the summer season driving year receives underway with the Memorial Working day holiday getaway. […]
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Previous BP exec’s ex-spouse gets jail for insider trading following eavesdropping on her phone calls
Sam Edwards | Getty Pictures The ex-husband of a former BP mergers and acquisitions manager was sentenced to two yrs in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her function phone calls about the oil giant acquiring another company. The ex-spouse, Tyler Loudon, also was sentenced to 1 […]
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Biden to release 1 million barrels of gasoline to cut down costs at the pump in advance of July 4
US President Joe Biden provides remarks on initiatives to decrease high gasoline rates in the South Court docket Auditorium at Eisenhower Govt Office Setting up June 22, 2022 in Washington, DC. Jim Watson | AFP | Getty Illustrations or photos The Biden administration will launch 1 million barrels of gasoline from reserves held in the […]
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Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in company and politics
Republican presidential applicant and previous president Donald Trump shakes palms with North Dakota Gov. Doug Burgum and Vivek Ramaswamy, remaining, at a campaign rally at the The Margate Resort in Laconia, NH on Monday, January 22, 2024. Jabin Botsford | The Washington Publish | Getty Photos If former President Donald Trump faucets North Dakota Gov. […]
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Exxon faces opposition from CalPERS following ‘devastating’ anti-ESG activist match
ExxonMobil CEO Darren Woods speaks through the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Illustrations or photos Exxon Mobil‘s monthslong battle with two environmentally targeted activist investors has value the company the assist of the California Community Employees’ Retirement Program. CalPERS, a $484 billion […]
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U.S. strength secretary to pay a visit to Saudi Arabia, UAE up coming 7 days, officers say
Vitality Secretary Jennifer Granholm testifies through the Senate Electricity and Natural Resources Committee listening to titled “President’s Funds Request for the U.S. Section of Power for Fiscal Calendar year 2025,” in Dirksen developing on Tuesday, April 16, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Photos U.S. Electrical power Secretary Jennifer Granholm will go […]
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Oil rates increase immediately after Netanyahu dismisses Hamas stop-fireplace offer as ‘sabotage’
Hundreds of Palestinians, including women of all ages and kids living in east component of Rafah, migrate to the west part of the Khan Yunis with their couple possessions loaded on motor vehicles pursuing the Israel’s announcement on the evacuation of neighborhoods, in Khan Yunis, Gaza on May well 6, 2024. Ashraf Amra | Anadolu […]
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