Proxy Firm: Hess Investors Should Abstain on Chevron Vote
Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a blow May 13 when a leading shareholder adviser urged investors to abstain from voting for the deal.
Exxon to Close Pioneer Deal
The FTC declined to challenge Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources but asserted that Scott Sheffield must not take a seat on the supermajor’s board.
Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates
Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
Exxon Confident Its Intent With Guyana Contract Will Prevail
Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.
Exxon Move May Delay Chevron-Hess Merger
Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.
Exxon Profit Falls Compared With Record Numbers Last Year
Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with Q2.
Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.
Exxon in Talks to Buy Pioneer
Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades.
October 6, 2023Exxon Profit Misses Estimates as Natural Gas, Refining Slip
Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit amid weaker natural gas prices and shrinking returns from fuel sales.
Exxon Works to Improve Fracking Methods
Exxon Mobil Corp. is betting that a better way to frack will double the amount of oil it can pump from shale fields.