Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
Hess Goes Forth in Bakken with Chevron Deal Entangled in Dispute
Waiting to close a $55 billion sale to Chevron, Hess Corp. plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.
'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest
As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.
Chevron, in Hess Holding Pattern, Sells $6.8B in Alaska, Canada
Chevron Corp., waiting to close a $55 billion takeover of Hess Corp., is selling off non-core assets in Canada and Alaska.
Chevron Sells Canadian Oil Sands, Duvernay Shale Assets for $6.5B
Chevron said the divestitures are part of its plans to sell $10 billion to $15 billion worth of assets by 2028 following the company’s acquisition of Hess Corp. for $53 billion.
FTC Oks Chevron-Hess Deal, Bans John Hess from Board
Federal regulators signed off on a blockbuster tie-up between Chevron and Hess Corp. but banned CEO John Hess from sitting on the Chevron board.
From Exxon to APA, E&Ps Feel Need to Scratch Exploration Itch
Exxon Mobil is looking for its “next Permian,” which an executive said could be in Algeria.
Hess Seeks Partnership for Suriname Block 59
Hess Corp. is seeking a new partner or partners to join in Suriname’s offshore Block 59 after Exxon Mobil and Equinor each gave up their one-third interests last month.
Mike Wirth: The ‘Remarkable’ Rise Of Chevron’s Permian Portfolio
Chevron aims to grow Permian volumes past 1 MMboe/d in 2025—less than a decade after it averaged less than 100,000 boe/d from legacy holdings in West Texas and New Mexico, Chevron CEO Mike Wirth said.
The EPC Market Keeps Its Head Above Water
While offshore investments are rising, particularly in deepwater fields, challenges persist due to project delays and inflation, according to Westwood analysis.