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FILE PHOTO: A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNatural GasNewsOil

Exxon Mobil completes $60 billion deal for Pioneer Natural

The purchase took place one day after receiving a go-head from the U.S. Federal Trade Commission (FTC) for the deal.

FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo
Critical MineralsNews

Goldman Sachs settles class action lawsuit tied to metal trades

The lawsuit alleged Goldman Sachs had violated antitrust laws by conspiring to manipulate a benchmark for platinum and palladium prices.

FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFinanceFuelNatural GasNewsOil

Pioneer reports lower profit ahead of its takeover by Exxon

Pioneer Natural Resources on Thursday reported a lower first-quarter profit, weighed down by higher production costs and weak natural gas prices.

FILE PHOTO: The logo of U.S. oil and gas company EOG Resources is seen in its office in Chongqing, China December 15, 2017. Picture taken December 15, 2017. REUTERS/Chen Aizhu/File Photo
BusinessFinanceNatural GasNewsOil

EOG Resources beats first-quarter profit estimates

Crude oil prices in the quarter mirrored prices from the previous year as production cuts by OPEC+ countries offset lower demand, helping oil...

A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020.   REUTERS/Steve Marcus/File Photo
BusinessCritical MineralsFinanceMineralsMiningNews

MP Materials report wider-than-expected Q1 loss

Rare earths miner MP Materials reported wider-than-expected loss in first quarter on Thursday, hurt by lower concentrate sales and weak prices of the...

FILE PHOTO: An electric pick-up truck is pictured at the Rivian Automotive Inc facility in Costa Mesa, California, U.S.,November 1, 2023.     REUTERS/Mike Blake/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceNewsPolitics

Rivian receives $827 million incentive package to expand Illinois facility

The Illinois plant, where Rivian also makes its electric delivery vans for its largest investor, Amazon.com, can produce 150,000 vehicles a year, the...

Staff members work at the booth of Royal Dutch Shell at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017.    REUTERS/Toru Hanai/ File Photo
BusinessNews

Shell not looking at New York relisting at the moment, CEO says

Share buyback scheme is top of energy giant's agenda, claims CEO, as he denies Shell relisting on New York stock exchange.

FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessCourtsFinanceNewsOilPolitics

Exxon to bar Pioneer CEO from its board in deal with FTC: WSJ report

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add...

An exhibition booth of Tellurian is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo
BusinessLiquefied Natural GasNews

US LNG developer Tellurian sends production workers home amid sale talks

Houston-based LNG developer Tellurian has been holding talks with potential buyers to sell its Haynesville shale gas business to raise capital for its...

Federal Trade Commission seal is seen at a news conference to announce that Facebook Inc has agreed to a settlement of allegations it mishandled user privacy at FTC Headquarters in Washington, U.S., July 24, 2019. REUTERS/Yuri Gripas/ File photo
BusinessCourtsNewsOilPolitics

US FTC set to rule on $60 billion Exxon-Pioneer deal, Bloomberg reports

The U.S. Federal Trade Commission is set to decide whether to sue to block Exxon Mobil's $60 billion acquisition of Pioneer Natural Resources...

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