Exxon Mobil is interested in value deals—not buying volumes—in future M&A, a strategy employed when the supermajor acquired Pioneer Natural Resources.

Chevron exceeded its production target in the Permian Basin, but commodity prices, foreign currency and its Hess purchase contributed to a 44% decrease in the supermajor’s total earnings for the second quarter.

AI’s insatiable power appetite is turning Appalachia’s natural gas fields into a critical energy hub. Antero Resources and other E&Ps are racing to lock in supply deals with nearly 5 Bcf/d of regional demand looming from data centers and power projects.

The stock-weighted acquisition currency Permian Resources uses is in contrast to its former BB-rated peers—and some of its investment grade-rated peers—"who have shifted to mostly debt-funded, leveraging, M&A transactions,” Fitch Ratings wrote.

Tourmaline Oil will deliver 234 Bcf to Germany’s Uniper over an 8-year LNG supply agreement, linking Tourmaline’s Canadian gas with premium international pricing.