Mergers and Acquisitions

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Chevron Arbitration to Go Into 2025, Exxon CEO Woods Tells CNBC

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil / By

U.S. energy major Exxon Mobil’s arbitration over Chevron’s plans to buy Hess’s Guyana oilfield stake will extend into 2025, Exxon CEO Darren Woods said to CNBC in an interview, souring expectations of a resolution this year. Exxon and CNOOC Ltd filed cases before the International Chamber of Commerce in March, seeking the right-of-first-refusal over any sale of Hess’s …

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ExxonMobil Completes Acquisition of Pioneer Natural Resources

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

Transforms ExxonMobil’s upstream portfolio by more than doubling the company’s Permian footprint Combines Pioneer’s sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil’s balance-sheet strength, advanced technologies and industry-leading project development capabilities Transitions Pioneer’s 2050 net-zero Permian goal to a 2035 plan SPRING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its …

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Biggest Oil and Gas Sector Deals Since the Start of the Century

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – Top U.S. oil and gas producer Exxon Mobil  has won the approval of the Federal Trade Commission (FTC) to close its deal for Pioneer Natural Resources  on the condition that former Pioneer CEO Scott Sheffield is kept off its board. The U.S. oil and gas industry went on a $250 billion buying spree in 2023 …

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Exxon to bar Pioneer CEO From its Board in Deal with FTC, WSJ Reports

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The Federal Trade Commission is set to allege as soon as Wednesday …

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U.S. FTC Set to Rule on Exxon’s $60 Billion Deal for Pioneer

Energy Topics & Technology, Latest, Mergers and Acquisitions / By

The U.S. Federal Trade Commission is set to decide whether to sue to block Exxon Mobil’s $60 billion acquisition of Pioneer Natural Resources in the coming days, Bloomberg News reported on Wednesday, citing people familiar with the matter. Exxon complied with FTC’s second request for information at the beginning of April, triggering a 30-day period …

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Diamondback Energy and Endeavor Receive Second FTC Request Over $26 Bln Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions / By

Oil and gas firm Diamondback Energy said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in connection with the $26 billion deal to buy privately-held Endeavor. The U.S. antitrust regulator has asked for additional information and documentary material as part of its review of the proposed merger. CONTEXT …

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Global Upstream Sector Set for deals Worth $150 billion Over Rest of 2024, Report Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil / By

The global upstream industry could see dealmaking worth another $150 billion throughout the remainder of the year, with focus shifting to shale plays in U.S. other than the Permian Basin, analysts at Rystad Energy said in a report. M&A activity in the global upstream industry has already crossed the $64 billion mark this year, most …

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Hess Sets May 28 Shareholder Vote on Chevron Buyout

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, US News / By

Hess Corp set May 28 for a special meeting of shareholders to vote on Chevron Corp ‘s $53 billion buyout offer, the company said in a securities filing on Friday. Chevron last October offered to acquire Hess Corp in a move to gain a foothold in oil-rich Guyana’s lucrative offshore fields. The deal has been stalled …

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Exxon Expects FTC to Approve Pioneer Deal by Mid-Year, CFO Says

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Tri-Pinned, US News / By

FTC recently sued to block Tapestry’s high-end handbag deal Lawmakers called for more scrutiny of oil deals in March Exxon Mobil Corp. expects US antitrust regulators to approve its $60 billion acquisition of Pioneer Natural Resources Co. by the end of June despite increased government scrutiny of corporate mergers. “We continue to expect the deal is going to …

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U.S. Oil and Gas M&A Hits Quarterly Record After Blockbuster 2023

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies have rushed to expand oil and gas drilling inventories, especially in the Permian Basin of West Texas and …

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