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Sabrina Valle

FILE PHOTO: Mike Wirth, the CEO of Chevron Corporation, listens to a question from Daniel Yergin, the vice chairman of S&P Global, as top energy executives and officials from around the world gather during the CERAWeek 2023 by S&P Global, energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
BusinessFuelNewsOil

Chevron CEO under pressure to halt share slide as Hess deal stalls

After years of outperforming rivals, Chevron and its CEO are now under pressure as the company's Hess purchase stalls.

Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

FTC set to greenlight Chevron’s $53 billion buy of oil rival Hess: sources

The FTC is set to approve Chevron's $53 billion Hess acquisition, with Exxon’s challenge on Guyana assets as the final hurdle.

Chevron CEO Michael Wirth gives the keynote address as top energy executives and ministers meet in Houston for the annual Gastech conference in Houston, Texas, U.S., September 17, 2024. REUTERS/Callaghan O'Hare
BusinessNatural GasNewsOilPolitics

Chevron CEO hits Biden’s natural gas policies, says fuel is crucial for AI

Chevron CEO Michael Wirth criticized President Biden’s policies as "attacks on natural gas,” urging support for gas in AI growth.

Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration
BusinessFuelHydrogenNewsPolitics

Exxon, Abu Dhabi’s ADNOC to partner in delayed Texas hydrogen project

Baytown refinery's hydrogen development gets significant investment from ADNOC despite uncertainty over tax credits.

FILE PHOTO: Hess logo is seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Hess Guyana’s secret value becomes part of Exxon arbitration, sources say

Value of Guyana oil field partly owned by Hess under scrutiny by experts as part of Exxon objection to Chevron's takeover.

FILE PHOTO: Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFuelLabourLiquefied Natural GasMiningNatural GasNewsOil

Exxon Mobil reports 59 layoffs to Texas agency post-Pioneer acquisition

Exxon Mobil issued layoff notices to 59 employees following its $60 billion acquisition of Pioneer Natural Resources.

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
BusinessFinanceFuelNewsOil

Occidental Petroleum beats Q2 profit estimates on higher production

Occidental Petroleum surpassed Wall Street's Q2 profit estimates, driven by increased oil production and higher crude prices.

FILE PHOTO: ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Exxon delivers $9.2 billion second-quarter profit, raises output target

Rising oil prices and a boost from buying Pioneer lead Exxon Mobil to bumper Q2 profits.

FILE PHOTO: A Chevron gas station sign is shown after Chevron Corp said it would buy Hess Corp in a $53 billion all-stock deal, in Encinitas, California, U.S., October 23, 2023. REUTERS/Mike Blake/File Photo
BusinessNewsOil

Chevron reports Q2 earnings miss on weak refining margins

Chevron Q2 results affected by weak refining margins.

File photo: A miniature of Exxon Mobil's Liza Unity oil platform is displayed at booth during Guyana's Energy Conference & Exposition in Georgetown, Guyana February 19, 2024. REUTERS/Sabrina Valle/File photo
BusinessFinanceFuelNewsOil

Exxon clash with Chevron hinges on change of control of Hess’ Guyana asset, sources say

Exxon Mobil's legal bid to stop Chevron's proposed $53bn acquisition of Hess rests on control of prize subsidiary in Guyana.

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