The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened recently of a major oil industry merger.
Senate Majority Leader Chuck Schumer is urging the Federal Trade Commission to look into whether Exxon Mobil and Chevron’s proposed oil and gas acquisitions could violate antitrust laws.
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.October 27, 2023
Chevron Corp. bought a plot of land the size of almost 60 football fields just outside of Houston in preparation for what could become a new research-and-development campus.
Chevron Corp. agreed to buy oil and gas producer PDC Energy Inc. in a $6.3 billion all-stock deal as it seeks to expand amid what may be a busy year of mergers and acquisitions in U.S. shale.
Chevron Corp. plans to operate its California refinery “normally” amid a worker strike that began just after midnight on March 21, potentially limiting the impact on gasoline prices in the state.
Chevron Corp. agreed to buy green diesel producer Renewable Energy Group Inc. for $3.1 billion in the biggest low-carbon deal of CEO Mike Wirth’s four-year tenure.
Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado as part of an industry push into “responsibly sourced” gas.
ExxonMobil reversed the losses it suffered last year during the pandemic with a $6.75 billion third-quarter profit as demand pushes the price for a barrel of crude past $80 for the first time in years.October 29, 2021