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...meet hourly matching rules would “martyr” the sector before it had a chance to flourish, said Shannon Angielski, president of the Clean Hydrogen Future Coalition, whose board includes members from BP, Chevron...
...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...
...International Energy Agency has forecasted that demand for fossil fuels will peak before 2030....
...It follows deals by Exxon, Chevron and Occidental in the shale patch since last autumn. The move will pile pressure on those such as ConocoPhillips that have yet to secure their own deal....
...One of his first big decisions was to walk away from a $50bn-plus takeover battle with rival Occidental Petroleum for Anadarko Petroleum....
...A deal has got to be what we say is ‘one plus one equals three’.” Chevron announced its own mega-deal this week: a $53bn takeover of Hess that accelerates the pace of M&A activity in the sector....
...Many are about to enter a challenging part of their career at UBS with increasingly demanding shareholders who are hopeful its wealth division will fuel a surge in its valuation....
...But there is a strategy behind the Chinese electric vehicle giant’s move to widen its range of offerings — not only by price point but also by fuel type....
...talks to take control of BuzzFeed and HuffPost in UK (FT) Elon Musk to make another break with Delaware by moving SpaceX to Texas (FT) Cambridge-led coalition of universities threatens banks over fossil fuel...
...Need to know: UK and Europe economy The House of Commons was told that China-linked hackers were responsible for a raft of cyber attacks against British MPs and peers, plus a big attack on the Electoral...
...His view, echoed by many in the oil sector, is why would Chevron and ExxonMobil drop $120bn-plus combined on buying Hess and Pioneer if they thought oil demand was at risk of heading into decline?...
...Big Oil remains unapologetic: “We are not selling a product that is evil,” Chevron chief Mike Wirth told the FT this week as he laid out a “real world” case for fossil fuels....
...The biotech entrepreneur also accused Fink of “telling Exxon and Chevron they can’t drill here”....
...Morgan Stanley brought on Greg Weinberger, a longtime adviser to Chevron who left Credit Suisse in 2019....
...Five unmissable stories this week Private equity can no longer rely on borrowing cheap money to fuel returns, and will have to go back to its roots of sourcing good deals and making operational improvements...
...Petrobras shares have surged 60 per cent over the past 12 months to hit and all-time high last week, outperforming ExxonMobil and Chevron....
...Two private capital groups, New York-based Global Infrastructure Partners and Sweden’s EQT, are each working to raise $20bn-plus funds next year....
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
...The CEO: Mike Wirth of Chevron: The boss of the oil and gas giant talks about avoiding divisive issues when he has staff in both progressive California and conservative Texas....
...Operating costs excluding fuel, notably labour, are rising by more than a tenth annually....
...The persistence of gas in the fuel mix has become a theme in recent transactions....
...Deutsche Bank’s first effort to integrate Postbank between 2010 and 2015, dubbed Magellan, resulted in €1bn down the drain and failed badly enough to help fuel Deutsche’s decision to put Postbank up for...
...To support these, Toyota is working with oil majors such as Shell, Exxon and Chevron to roll out charging stations in California....
...Plus, executives in the oil and gas industry might have a pipeline problem. Jamie Smyth Young people in particular are worried about global warming....
...Investors must wait a further two weeks until Berkshire reports individual changes in its holdings, although Saturday’s filing indicated it had sold roughly 9mn Chevron shares....
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