Integrated Oil/Gas

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…

2 years ago

Weaker Energy Prices Temper Shell's Profit, but Not Cash Payouts for Investors

The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its…

2 years ago

Chevron Waives Retirement Age for CEO Mike Wirth

The oil giant reported higher-than-expected profit in the second quarter. Source link

2 years ago

This Arkansas Town Could Become the Epicenter of a U.S. Lithium Boom

Near the quiet town of Magnolia, companies including Exxon Mobil are working out how to extract lithium from brine water…

2 years ago

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…

2 years ago

Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund

The second such transfer comes amid high oil prices and as the kingdom seeks to diversify its economy away from…

2 years ago

Exxon CEO's Pay Jumps 52% Amid Rising Oil Prices, Record Profit

Darren Woods’s total compensation includes stock awards of $24.9 million and a nearly $6.4 million bonus. Source link

2 years ago

Exxon Deal Hunt Signals Possible Shale M&A Wave

A transaction involving Pioneer Natural Resources would indicate that drillers are looking to put their large war chests of cash…

2 years ago

ExxonMobil: Eyes on the Permian Prize

ExxonMobil was once known for exploring for oil in all sorts of exotic places, but right now its own back…

2 years ago

Exxon Mobil Eyes Potential Megadeal With Shale Driller Pioneer

WSJ News ExclusiveBusinessOil-and-gas giant has held informal, early-stage talks to buy the $49 billion-market cap Pioneer Natural Resources Source link

2 years ago