Hints and tips:
...The UK’s Takeover Panel, which oversees local deal activity, has named Barclays’ co-head of M&A for Emea Omar Faruqui, as its director-general....
...I’m going to be joining the Chevron board and I intend on having my voice heard on the energy transition.”...
...Toy trucks and boardroom battles: the Hess dynasty tale Hess toy vehicles will keep truckin’ even after the oil dynasty they’re named after sells the company to Chevron for $53bn, John Hess, who inherited...
...In the oil and gas sector, both ExxonMobil and Chevron struck mega transactions, acquiring smaller rivals Pioneer for $60bn and Hess for $53bn, respectively....
...That was followed shortly afterwards by Chevron unveiling a $53bn acquisition of Hess, which has assets in North Dakota’s Bakken shale and a stake in the biggest oil find of the past decade, off the coast...
...Chevron announced its own mega-deal this week: a $53bn takeover of Hess that accelerates the pace of M&A activity in the sector....
...Chevron has agreed to buy rival oil and gas producer Hess Corporation in a $53bn all-stock deal....
...“Sometimes it feels like I’m the one trying to get companies excited about their strategy, rather than the other way around,” said one Europe-based investor....
...Greater bullishness was evident in the M&A business....
...Within two weeks, Chevron followed suit with a $53bn all-stock deal for US operator Hess. Drillers like Occidental Petroleum and Diamondback Energy have used stock to finance large deals....
...[MUSIC PLAYING] Michela TinderaI’m Michela Tindera from the Financial Times....
...There is more room for M&A A flurry of mega oil and gas deals in quick succession tied off 2023: ExxonMobil-Pioneer Natural Resources at $60bn; Chevron-Hess at $53bn and Occidental-CrownRock at $12bn....
...Hess interview: The sale of oil and gas giant Hess to Chevron ends a nine-decade family epic....
...Honestly, I’m not sure how many people think about the market in terms of fundamentals anymore....
...This article has been updated following Chevron’s announcement of a planned acquisition of Hess Corporation...
...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....
...Chevron’s $53bn takeover of renowned operator Hess and ExxonMobil’s $60bn acquisition of shale specialist Pioneer have made oil and gas a rare bright spot for Wall Street’s dealmakers....
...Outside of work, I’m entranced by Ocean Vuong’s On Earth We’re Briefly Gorgeous, a letter from a son to his illiterate Vietnamese mother who was left traumatised by war. Nathalie ThomasLex writer...
...No, the only news items of late that have me worried I’m missing a trick are the two mega deals in the oil industry: Chevron’s $53bn purchase of Hess Corporation last Monday, which followed ExxonMobil’s...
...In central Asia, “Moscow is no longer the determinant power,” Hess said....
...The Hess acquisition would boost Chevron’s oil and gas output by more than 10 per cent....
...“We bought it for $1.8mn in 2018, before the big boom in real estate, and it’s probably worth about $3mn now but I’m not selling....
...Analysts predict that the back-to-back deals — ExxonMobil’s $60bn purchase of Pioneer Natural Resources and Chevron’s $53bn takeover of US oil and gas producer Hess — could be just the beginning....
...Oil & gas deals: Chevron’s takeover of Hess and ExxonMobil’s recent purchase of Pioneer are on a scale rarely seen since the megamergers of the late 1990s and early 2000s....
...Today’s top stories Chevron agreed to buy US oil and gas producer Hess Corporation in a $53bn all-stock deal....
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