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...Bringing this oil to market will cost billions of dollars. It may well sell down its stake to an international oil company....
...Exxon on Wednesday said it had filed a case in the International Chamber of Commerce in Paris to assert its right of first refusal over Hess’s stake in a Guyana oil find that is seen as the crown jewel of...
...Access to some of Guyana’s 11bn barrels of offshore oil was a key rationale for Chevron’s acquisition of Hess announced last year....
...Chevron’s chief executive hit back at ExxonMobil on Tuesday, expressing “surprise” at its decision to seek arbitration in a tense stand-off over a lucrative Guyana oil project....
...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...
...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...
...Both companies hold stakes in the oil rich project off the coast of the South American nation, which has been the focal point of the deal....
...Both companies hold stakes in the oil-rich project off the coast of the South American nation, which has been the focal point of the deal....
...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....
...High commodity prices in the wake of Russia’s full-scale invasion of Ukraine pushed oil and gas companies globally to record profits in 2022 before receding last year....
...Chevron’s woes have put the glare of the spotlight on a company — valued at about $277bn — that has long avoided the brunt of anti-oil criticism hurled at its much larger rival, ExxonMobil....
...Mindful of the risk that fresh sanctions on Venezuela might push up oil prices in a US election year, Washington will allow US major Chevron to continue a joint venture with Venezuela’s national oil company...
...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 face sceptics after its Hess mega-deal Things were going so well for Chevron last July that the company’s board waived its mandatory retirement age of 65 for CEO Mike Wirth, citing the “extraordinary...
...“Continuing regulatory challenges” would contribute to a non-cash charge of $3.5bn-$4bn, the oil company said, reflecting a writedown in the value of its US upstream oil and gas assets, primarily in California...
...Both acquisitions were accompanied by triumphal announcements regarding the long-term outlook for fossil fuel demand, including Chevron’s chief executive challenging the International Energy Agency’s projections...
...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...
...Darren Woods received salary, stock options and a bonus amounting to $36.9mn in 2023, the US’s biggest oil company reported in a securities filing on Thursday....
...Chevron’s acquired acreage is just west of Galp’s. The American oil company has applied to drill as many as 10 wells starting in the fourth quarter of this year....
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
...“Chevron and Shell are oil majors and if they can’t get it right, who can?”...
...Ithaca Energy has agreed a deal to acquire almost all of Eni’s UK oil and gasfields in a transaction worth about £750mn that will turn the London-listed company into one of the North Sea’s largest producers...
...Equatorial Guinea wanted a foreign company to take over the assets from Exxon and has been wooing international oil companies including Eni, the Italian producer, and several Nigerian companies, according...
...For now, companies are focused on getting their transactions over the line. Exxon, Chevron and Occidental’s deals are being studied by US competition regulators....
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