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...The China National Offshore Oil Corporation owns 25 per cent, while Hess holds the remaining 30 per cent that would transfer to Chevron if the deal closes....
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...ExxonMobil’s market capitalisation exceeds $400bn. Follow This, a Dutch climate activist group, controls shares in the oil supermajor that at last count were worth less than $4,000....
...The rivalry between ExxonMobil and Chevron has plumbed a new depth. On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation....
...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...
...producer for $53bn could be disrupted by ExxonMobil and the China National Offshore Oil Corporation Shares of Constellation Energy jumped more than 16 per cent to a record high after the clean energy producer...
...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 has warned that its $53bn acquisition of Hess could be thwarted by rival oil groups ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...ExxonMobil is suing Follow This, a small Amsterdam-based investor activist group, and Arjuna Capital, a registered investment adviser, over a shareholder proposal calling on the oil and gas group to cut...
...ExxonMobil, which also began operations in Nigeria in the 1950s, agreed to sell its oil business in the Niger Delta two years ago for $1.28bn but is yet to complete the transaction after the regulator insisted...
...US oil major ExxonMobil in January sued two small shareholders to stop their climate change petition from going to a vote before the company’s investors at its annual general meeting....
...More energy industry news: Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation....
...Earlier this year the state of California sued several of the world’s biggest oil companies, including ExxonMobil, Shell and BP, claiming they had misled consumers by suppressing information about the adverse...
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
...The next four crude cargoes will be supplied by the state-owned oil company the Nigerian National Petroleum Corporation (NNPC) in “two to three weeks” and ExxonMobil will supply the last of the initial six...
...Even so, the US oil majors’ investments look set to make Guyana one of the last petrostates to emerge in the oil era. “It is a jewel in ExxonMobil’s crown. It’s a significant resource....
...Chevron has agreed to buy US oil and gas producer Hess Corporation in a deal valuing Hess’s equity at $53bn in the latest consolidation in the US energy sector....
...The head of Norway’s $1.5tn oil fund has slammed ExxonMobil’s decision to sue two shareholders over a climate proposal, pursuing the litigation even after they dropped the resolution....
...Hoefelmann previously served as global head of infrastructure operations at Nikola Corporation and has worked in executive positions at Air Liquide....
...ExxonMobil plans to begin producing lithium in 2027 in a major strategic pivot....
...One we missed: IBM and the Holocaust: The Strategic Alliance Between Nazi Germany and America’s Most Powerful Corporation, by Edwin Black....
...ExxonMobil has agreed to buy the shale group Pioneer Natural Resources for $60bn. While Chevron will shell out $53bn for Hess Corporation....
...Oil companies including BP, ExxonMobil, Chevron, Shell and TotalEnergies posted combined record profits of $200bn in 2022....
...The bulk of them are oil and gas companies, including ExxonMobil and Chevron of the US, South Korea’s SK and GS conglomerates, Canada’s Imperial Oil, Austria’s OMV, Saudi Aramco — and the Abu Dhabi National...
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