exxon mobil corp.
Mar 1, 2024, 3:59 PM EDT
The combined company would be the third-largest oil and gas producer in the region behind Exxon and Chevron, with both firms having announced recent deals.
Exxon Mobil is suing to block a group of activist shareholders from bringing up a climate proposal covering emissions by users' of Exxon's products for a vote at a shareholder meeting.
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024.
The Federal Trade Commission is investigating ExxonMobil's planned acquisition of Pioneer Natural Resources over potential violations of federal antitrust law.
Oil prices are moving higher ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for Thursday, after the alliance delayed the event last week.
U.S. investors at leading energy firms rejected a climate activist group's push to align emission targets with the Paris climate pact despite the group's success in Europe.
Senate Majority Leader Chuck Schumer and 22 Democratic senators sent a letter to the FTC calling for an antitrust probe of acquisitions by ExxonMobil and Chevron.
David Scott, an ExxonMobil executive, has been charged in Texas with second-degree sexual assault, a felony.
Northrop Grumman, Lockheed Martin and other defense stocks rose on speculation the attack on Israel by Hamas terrorists that left thousands dead will boost demand for weapons.
The state of California has filed a lawsuit against major oil and gas companies, alleging the fossil fuel industry has lied about the harms of climate change for decades.