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...Hess, with Exxon arguing it has the right of first refusal over Hess’s stake in the Guyanese development.On Monday, Exxon chief Darren Woods insisted the conflict would not undermine the companies’ ability...
...The chief executive of ExxonMobil has insisted that its tense dispute with Chevron over a prized Guyana oilfield will not damage the working relationship between the two US oil companies, even as the spat...
...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”....
...Exxon confirmed talks were ongoing with Chevron and Hess and said the company “owe[d] it to our investors and partners to consider our pre-emption rights”. Read more here...
...The chief executive of ExxonMobil has insisted its tense dispute with Chevron over a prized Guyana oilfield will not damage the working relationship between the two US oil companies, even as the spat threatens...
...Chevron acquisition....
...Chevron, the second-biggest US oil company, has been “engaged in discussions” with Exxon and Cnooc — joint owners of the Stabroek Block project — “regarding a right of first refusal provision in the joint...
...Hess’s investors appeared to be more concerned, with the difference between the company’s current stock price and the value of Chevron’s offer continuing to widen....
...Chevron’s fell from $6.4bn to $2.3bn....
...It may well sell down its stake to an international oil company. Candidates include Shell, Total and Chevron, which are all drilling, or planning to drill, in the same Orange oil basin....
...John Kerry, the US climate envoy, singled the company out. Asked at COP28 what more Chevron could be doing on climate, he responded: “everything”....
...Chevron on Tuesday said a deepening rift with lawmakers over energy policy in California would dent its earnings in the fourth quarter and further reduce its investment plans for its home state....
...The chemicals industry, which sits at the start of a vast number of companies’ supply chains, is seen as a bellwether for industrial production, adding to concern among German politicians and executives...
...Thousands of US lawsuits targeting major chemical companies have been filed and agencies globally are tightening regulation....
...The plaintiffs claim that Chevron and several other oil companies transferred hundreds of low-yielding wells to HRM, which kept the profits of operating these assets and then conspired to avoid millions...
...In September the state sued several of the world’s biggest oil companies, including Chevron, alleging they deceived the public for decades about how the burning of fossil fuels is destroying the planet....
...Chevron has restored production at the Tamar offshore gasfield in Israel, the company said on Monday, ending the supply disruption caused by the start of the war on October 7....
...Adnoc declined to comment.At the heart of the matter is the complexity of the transaction and the cross-shareholdings between the companies’ chemicals arms....
...The company said on Friday that it expected 2023 free cash flow of €2.7bn. This would not cover consensus expectations for a dividend payout of €3bn, as compiled by Visible Alpha....
...America’s second biggest oil company posted earnings that were down from $11.2bn in the same period last year but up from $6bn in the previous three months amid fluctuating crude prices....
...But it is moot whether anyone will see an oil company as a trophy asset 23 years from now....
...Wirth, who has a degree in chemical engineering from the University of Colorado, led the company’s refining business before becoming CEO, where tight margins mean “you have to watch every penny”....
...While it isn’t the only public company that has struggled to file its annual report on time this year, it also faces a decent amount of PFAS (or “forever chemicals”) litigation on top of everything else....
...These are largely, but not exclusively, a legacy of its $63bn acquisition of US crops company Monsanto in 2016....
...One scoop to start: Northvolt is looking to list its shares in Stockholm over other venues for one of the largest flotations for a European company in recent years....
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