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Exxon Buys Pioneer for $60 Billion to Create Shale Giant
Business

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
Business

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

Oil is Near $100. Shale Isn't Coming to the Rescue.
Business

Oil is Near $100. Shale Isn't Coming to the Rescue.

Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link

Inside Exxon’s Strategy to Downplay Climate Change
Business

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

Fuel Prices Are Soaring: Who Is Feeling the Pinch?
Business

Fuel Prices Are Soaring: Who Is Feeling the Pinch?

Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link

With CEO Out, BP Faces Choice of Whether to Abandon Push to Go Green
Business

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
Business

BP CEO Bernard Looney Resigns

The oil company said Looney was “not fully transparent” about past personal relationships with colleagues. Source link

The Race to Drill America's Longest Oil and Gas Wells
Business

The Race to Drill America's Longest Oil and Gas Wells

With the shale boom’s end in sight, some companies are trying to impress Wall Street by eking out growth—and drilling ever deeper. Source link

Saudi Arabia's Aramco Considers Selling $50 Billion in Shares
Business

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

Texas Pipeline Firm Adds to Shale Holdings in $7.1 Billion Deal
Business

Texas Pipeline Firm Adds to Shale Holdings in $7.1 Billion Deal

Energy Transfer said the purchase of rival Crestwood Equity Partners would benefit its natural-gas and crude-oil businesses by adding storage and terminal assets. Source link