Chevron Corp’s first-quarter profit fell 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but topped forecasts and Continue Reading
ExxonMobil is interested in acquiring more assets in the Permian Basin of Texas and New Mexico, the heartland of the US shale oil boom, and could do a substantial deal, Continue Reading
Output gains in the US Permian Basin helped drive first-quarter oil production growth for ExxonMobil and Chevron, the companies said Friday. Now ExxonMobil’s first-quarter total upstream liquids production rose 5% Continue Reading
Occidental’s proposed Anadarko deal would put the company alongside ConocoPhillips in a peer group of two as a super-independent. Occidental Petroleum’s proposed Anadarko Petroleum deal would put the company alongside Continue Reading
Following the news that Chevron had agreed to pay a nearly 40 percent premium to acquire Anadarko Petroleum, investors quickly bid up the shares of other potential acquisition targets. As Continue Reading
Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 Continue Reading
Occidental Petroleum Corp. offered to buy Anadarko Petroleum Corp. for $38 billion, launching a potential bidding war for a company that agreed earlier this month to be purchased by Chevron Continue Reading
Summary of Weekly Petroleum Data for the week ending April 19, 2019 U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending April 19, 2019, Continue Reading
Assets in the Permian Basin are the US oil industry’s equivalent of the Iron Throne in the TV show Game of Thrones: they are the prize that everyone covets. Occidental Continue Reading
Halliburton said that the market for oilfield services had reached a bottom and was poised for a rebound, a statement that initially led to a jump in its share price. Continue Reading
