Latest Energy industry News

Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Dec. 05, 2023 15:55 PM EST

WASHINGTON (AP) — Federal regulators are investigating ExxonMobil's $60 billion deal to acquire a Texas oil company in what would be one the largest mergers in the energy industry in two decades, according to securities filings. The Federal Trade Commission, which enforces federal...

How major US stock indexes fared Friday, 11/24/2023

Nov. 24, 2023 13:44 PM EST

Stocks closed mixed Friday after a half-day trading session capped a holiday shortened week. The S&P 500 inched up 0.1% after wavering between small gains and losses much of the day. The Dow Jones Industrial Average added 0.3% and the Nasdaq composite slipped 0.1%. The indexes...

Chevron buys Hess for $53 billion, 2nd megadeal in the oil patch this month as energy prices soar

Oct. 23, 2023 18:05 PM EDT

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply in early 2022 with Russia's invasion of Ukraine and are hovering around...