Saturday, 18 January 2025

Focus on Hess Corporation

FILE - In this photo provided by the U.S. Army National Guard, North Dakota National Guard soldiers and airmen work with the Department of Emergency Services to build a handline and conduct a controlled burn to prevent the further spread of a wildfire in Mandaree, N.D., Oct. 6, 2024. (Staff Sgt. Samuel J. Kroll/U.S. Army National Guard via AP)
EmissionsEnvironmentNatural GasNewsRegulations

Natural gas flares sparked two wildfires in North Dakota, state agency says

Natural gas flares at oil wells sparked two North Dakota wildfires earlier this fall, according to reports from the North Dakota Fire Marshal's...

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.

News ReleaseNews

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

HOUSTON--(BUSINESS WIRE)---- $HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream” or the "company") today reported third quarter 2024 net income of $164.7 million compared...

News Release

Chevron-Hess Merger Clears FTC Antitrust Review

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company’s merger with Hess...

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

US FTC allows Chevron-Hess deal, bars John Hess from board

The FTC approved Chevron's $53 billion Hess acquisition, barring Hess's CEO from its board due to OPEC ties concerns.

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.

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...

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