Friday, 20 September 2024

Focus on Hess Corporation

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: 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.

News Release

Hess Midstream LP Reports Estimated Results for the Second Quarter of 2024

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported second quarter 2024 net income of $160.3 million compared...

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
BusinessEconomyFuelNewsOilPoliticsRegulationsTrade

U.S. FTC probes Hess, Occidental execs over OPEC communication: report

The U.S. Federal Trade Commission is probing executives from major oil firms over their communications with OPEC officials.

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.

FILE PHOTO: Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessFuelIn-DepthNewsOilPoliticsRegulations

Chevron and Hess say US FTC merger review expected for third quarter

The signal from the U.S. regulator is another hurdle for Chevron's proposed acquisition of Hess.

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