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Energy

“Chevron to Buy Hess for $53 Billion in Latest Oil Megadeal”

“Chevron Corp. agreed to buy Hess Corp. for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels… The acquisition will give Chevron a significant foothold in Guyana,… Continue Reading…

Economy

“Chevron annual profit doubles to record $36.5 billion, but fourth-quarter miss hits shares”

“Chevron on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second-largest U.S. oil producer’s… Continue Reading…

Energy

“Exxon and Chevron share $100bn in profit after surge in oil prices”

“ExxonMobil and Chevron are expected to rake in almost $100bn in combined profits from 2022 as the US corporate oil titans capitalise on surging fossil fuel prices following Russia’s invasion of Ukraine. The profit bonanza is seen by the oil majors… Continue Reading…

Business

“Chevron picks Noble in biggest U.S. energy deal since the oil crash”

“Chevron said on Monday it would buy Noble Energy in a $5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper. The deal, the largest in the U.S. energy sector this year, comes more than… Continue Reading…