Conventional Energy

Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces? An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that dominated the American oil industry before …

COMMENTARY: Converging Exxon and Chevron Operations Could Spur Next Mega-Merger Read More »

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday. According to a Worker Adjustment & Retraining Notification dated July 18, the U.S. energy major laid off the employees when its takeover of Hess was officially completed. The reductions will …

Chevron Cuts 575 Jobs in Houston After Closing Hess Acquisition Read More »

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday. According to a Worker Adjustment & Retraining Notification dated July 18, the U.S. energy major laid off the employees when its takeover of Hess was officially completed. The reductions will …

Chevron Cuts 575 Jobs in Houston After Closing Hess Acquisition, Filing Reveals Read More »

By Georgina Mccartney Volatility in markets slows M&A in US upstream oil and gas Major deals by EOG Resources and Viper Energy dominate Q2 Future M&A may focus on international opportunities, says Dittmar HOUSTON, July 23 (Reuters) – Volatility across energy and equity markets spooked investors in the second quarter, slowing the pace of mergers …

Dealmaking in US Upstream Oil and Gas Tumbles as Volatility Rattles Investors Read More »