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ConocoPhillips buying Marathon Oil for $17.1 billion in all-stock deal, plus $5.4 billion in debt

ConocoPhillips buys Marathon Oil in latest consolidation of US oil market.

FILE PHOTO: 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
BusinessFuelLiquefied Natural GasNews

Aethon Energy to buy Tellurian upstream assets for $260 million

Aethon's Tellurian deal to buy two million tons of LNG a year comes as a boost to the developer's Driftwood project.

A view shows the logo of Chinese automobile manufacturer Geely at a dealership in Moscow, Russia, March 23, 2023. REUTERS/Maxim Shemetov/File Photo
AutomotiveBusinessNewsTransport

China’s Geely to launch hybrids with more fuel-efficient engines

Geely touts 46.1% thermal efficiency of engines as it prepares to launch hybrid Galaxy car in China.

FILE PHOTO: A staff member of Chinese electric vehicle (EV) maker Nio drives a Nio car as he demonstrates to media about the operation of the new battery swapping station, at a delivery center of the company, in Nanxiang, Shanghai, China March 23, 2023. REUTERS/Aly Song/File Photo
AnalysisAutomotiveBusinessElectric Vehicles (EVs)PoliticsTradeTransport

Analysis: China gears up to make a deal with Europe as EV tariffs loom

As a hike in Chinese EV tariffs across Europe looms, executives hope to strike a deal that will boost exports while letting carmakers...

BHP has already had two offers for Anglo American rejected (AFP)
BusinessCritical MineralsMineralsMiningNews

BHP asks for more time to explore Anglo American takeover

BHP hopes to please Anglo American shareholders with new measures to bolster attempted takeover as South Africa, whose state holds significant influence, goes...

FILE PHOTO: VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S.,  March 1, 2023. REUTERS/Lisa Baertlein/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

VinFast considers delaying $4 billion US plant, source says

Struggling Vietnamese EV manufacturer VinFast could push back opening of long-awaited North Carolina factory yet again.

FILE PHOTO: The logo of American oil and natural gas exploration and production company ConocoPhillips is seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/file photo
BusinessNewsOil

ConocoPhillips in advanced talks to buy Marathon Oil, FT reports

Conoco-Marathon deal values the oil company at a little over $15bn, though negotiations could still falter, in latest consolidation of US market.

ExxonMobil's aggressive posture towards climate activists has drawn criticism from Norway's sovereign wealth fund and others (GETTY IMAGES NORTH AMERICA)
BusinessEmissionsIndustryNewsOil

Exxon plays hardball against climate NGOs. Will investors care?

Exxon annual meeting presents a chance for shareholders to show support for or against the company's treatment of activist group Follow This.

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla, walks after attending the opening of the 10th World Water Forum in Nusa Dua, Bali, Indonesia, May 20, 2024. REUTERS/Johannes P. Christo/File Photo
BusinessCourtsElectric Vehicles (EVs)FinanceNews

Judge assured that Tesla won’t contest Musk pay ruling outside Delaware

The Delaware judge who voided Elon Musk's record Tesla pay package told the parties in the case that she felt assured by the...

FILE PHOTO: Motorists drive past Tesla's primary vehicle factory after CEO Elon Musk announced he was defying local officials' restrictions against the spread of the coronavirus disease (COVID-19) by reopening the plant in Fremont, California, U.S. May 12, 2020. REUTERS/Stephen Lam/File Photo
BusinessElectric Vehicles (EVs)FinanceNews

Musk offers Tesla factory tours to investors as he seeks support for pay package

Elon Musk is offering tours of Tesla's factory next month to 15 shareholders who vote on his $56 billion pay package, the latest...

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