Chevron Wins Exxon Case but Loses Time, Oil and Billions
The No. 2 U.S. oil producer had originally targeted a mid-2024 close for the deal. Get the Latest US Focused Energy News Delivered to You! It’s FREE: Exxon, which operates…
Oil Steadies as Mixed US Economic and Tariff News Offset New Russia Sanctions
Summary US consumer sentiment up, but homebuilding drops US Trump seeking minimum tariffs on EU EU to stop importing fuels from Russia Chevron closes Hess acquisition after arbitration win (Reuters)…
US Drillers Add Oil and Gas Rigs For First Time in 12 Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in 12 weeks, energy services firm Baker Hughes said in its closely followed…
US Firms to Develop Syria Energy Masterplan After Trump Lifts Sanctions
By U.S. President Donald Trump meets with Syrian President Ahmed al-Sharaa in Riyadh, Saudi Arabia, in this handout released on May 14, 2025. Get the Latest US Focused Energy News…
US Natgas Prices Edge Up to 3-Week High as Heat Boosts Air Conditioning Use
(Reuters) – U.S. natural gas futures edged up about 1% to a three-week high on Friday as hot weather forces power generators to burn lots of the fuel to keep…
Exxon vs. Chevron Battle Sets Stage For Oil Industry’s Race for Prize Assets: Bousso
By Ron Bousso Chevron wins legal dispute over Hess’s stake in Guyana’s Stabroek oil block Exxon-Chevron rivalry shapes U.S. energy sector, competing for dominance in shale oil Oil firms face…
SLB Beats Quarterly Profit Estimates on Steady Oilfield Services Demand
July 18 (Reuters) – Top oilfield services firm SLB (SLB.N) narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped…
Oil Prices Steady as Mixed US Economic News Offsets New EU Sanctions on Russia
By US consumer sentiment up, but homebuilding drops EU to stop importing fuels from Russia Chevron closes Hess acquisition after arbitration win NEW YORK, July 18 (Reuters) – Crude oil…
Biggest Oil and Gas Sector Deals Since Start of the Century
Mergers and acquisitions in the shale industry have drawn increased antitrust scrutiny, with the U.S. Federal Trade Commission reviewing several multi-billion dollar deals, including Chevron, Exxon Mobil, Diamondback Energy, Occidental…
Chevron Closes Hess Acquisition After Winning Exxon Legal Battle
By Hess takeover is one of largest energy deals in decades Chevron CEO’s strategy hinged on completing acquistion Exxon says it disagrees with arbitration court decision Shares in Chevron, Exxon…
