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Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery …
Chevron Expects up to $400 Million Quarterly Impact from Hess Deal Read More »
(Reuters) – U.S energy firm Chord Energy said on Monday it would buy assets in the Williston Basin from Exxon Mobil’s unit XTO Energy for $550 million. The Williston Basin is located in parts of North Dakota, Montana and Canada, and is a major U.S. shale oil and gas region centered by the Bakken formation. The …
Chord Energy to Buy Assets in Williston Basin for $550 Million Read More »
(Reuters) – Canadian oil sands producer MEG Energy on Monday urged shareholders to reject the sweetened takeover bid from its majority stakeholder Strathcona Resources and reaffirmed support for sale to Cenovus Energy. “The revised Strathcona offer remains fundamentally unattractive,” said James McFarland, chair of MEG’s board, citing exposure to inferior assets, an overvalued Strathcona share price …
MEG Energy Urges Investors to Reject Strathcona’s Sweetened Bid, Backs Cenovus Deal Read More »
(Reuters) – Cenovus Energy does not plan to increase its takeover offer for oil sands producer MEG Energy, despite a higher bid from Strathcona Resources, CEO Jon McKenzie told Bloomberg News in an interview on Wednesday. Reporting by Sumit Saha in Bengaluru; Editing by Krishna Chandra Eluri
Download as PDF Diversified Energy Expanding Leadership Position in Oklahoma with Accretive Acquisition of Canvas Energy Delivers Approximately 18% and 29% Increase in Adjusted EBITDA and Free Cash Flow, Driven by a 13% Increase in Production While Adding Proved Reserves Complementary Producing Assets and Adjacent Acreage Expected to Drive Meaningful Synergies and Asset Optimization Opportunities …
CALGARY, AB, Sept. 4, 2025 /CNW Telbec/ – Strathcona Resources Ltd. (“Strathcona“) confirmed that it has purchased 6,035,600 common shares (“MEG Shares“) of MEG Energy Corp. (“MEG“) today for aggregate consideration of approximately $172.7 million, in accordance with applicable securities laws. The average price paid for all MEG Shares purchased by Strathcona since the commencement of the Offer (as …
(Reuters) – Brokerages welcome Cenovus Energy’s C$7.9 billion ($5.72 billion) cash-and-stock deal to acquire peer MEG Energy Gerdes Energy Research raises PT on CVE by C$2 to C$32, a premium of 51.2% to stock’s closing price on Friday The deal will give “an approximate 6% improvement in oil sands capital intensity,” Gerdes said Brokerage Desjardins …
Brokerages Cheer Cenovus’ C$7.9 Billion Deal for MEG Energy Read More »
CALGARY – Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at CDN $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in June that the company urged shareholders to reject. MEG chairman James McFarland says the Cenovus deal …
CANADIAN MEGA DEAL – Cenovus Signs Cash-and-Stock Deal to Buy MEG Energy Read More »
By Kevin Crowley and David Westin Chevron Corp. plans to merge Hess Corp.’s exploration team with its own to challenge “conventional thinking” and make new discoveries, Chief Executive Officer Mike Wirth in an interview on Bloomberg TV’s Wall Street Week. Chevron is cutting about 650 Hess jobs after completing its $53 billion takeover last month, …
Chevron to Merge Hess Exploration Team With Its Own, CEO Says Read More »
(Reuters) – Mergers and acquisitions in the U.S. oil and gas sector tripled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to a report released on Tuesday. WHY IT’S IMPORTANT The jump in dealmaking marks a shift in strategy after years of focusing on shareholder returns …
US Oil and Gas M&A Activity Tripled Last Year, Report Says Read More »
