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Exxon Buys Pioneer for $60 Billion to Create Shale Giant
The deal is Exxon’s largest since its merger with Mobil in the late 1990s and is the biggest corporate transaction so far this year. Source
The Oil Patch Is Primed for an Era of Megadeals
A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own. Source link
Chevron Labor Dispute Flares Up Again in Australia
Workers at two natural-gas facilities operated by Chevron in Australia have voted to restart industrial action, reigniting a dispute that has rattled global energy markets.
Inside Exxon’s Strategy to Downplay Climate Change
Listen to article (2 minutes) Exxon Mobil issued its first public statement that burning fossil fuels contributes to climate change in 2006, following years of
With CEO Out, BP Faces Choice of Whether to Abandon Push to Go Green
The surprise departure of Bernard Looney presents an opportunity for the oil giant to again prioritize fossil fuels. Source link
BP CEO Bernard Looney Resigns
The oil company said Looney was “not fully transparent” about past personal relationships with colleagues. Source link
Saudi Arabia's Aramco Considers Selling $50 Billion in Shares
The offering, likely on the Riyadh exchange, would be the largest in the history of capital markets. Similar previous plans have fallen through. Source link
U.S. Plans New Tariffs on Food-Can Metal From China, Germany and Canada
The levies, announced in response to dumping allegations, could raise prices for canned foods, an industry group says. Source link
Texas Sues Shell Over Massive Fire at Houston Chemical Plant
State officials allege that the multiday blaze caused ‘mass quantities’ of airborne contaminants and illegal flows of wastewater into waterways. Source link
BP Profit Declines More Steeply Than Peers'
Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares. Source link