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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
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 new CEO unveiled a strategic
Chevron Waives Retirement Age for CEO Mike Wirth
The oil giant reported higher-than-expected profit in the second quarter. Source link
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 to help power electric vehicles.
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
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 oil. Source link
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
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 to work. Source link
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 yard is looking like the
Exxon Mobil Eyes Potential Megadeal With Shale Driller Pioneer
WSJ News Exclusive Business Oil-and-gas giant has held informal, early-stage talks to buy the $49 billion-market cap Pioneer Natural Resources Source link