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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.
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
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. Source link
Chevron Waives Retirement Age for CEO Mike Wirth
The oil giant reported higher-than-expected profit in the second quarter. Source link
Exxon Mobil Buys Pipeline Operator, Making Big Bet on Carbon
Exxon Mobil is buying pipeline operator Denbury for almost $5 billion, a big bet by the oil giant on the business of transporting and storing