Supermajor’s move comes despite Donald Trump’s pledge to unleash new US fossil fuel surge
Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023
Deal would bolster Japanese group’s drive to secure supplies for home country, which relies on fossil fuel imports for energy
US oil major had planned to appoint Hess CEO as part of its $53bn takeover of his company
Mike Wirth says White House’s ‘attacks’ on natural gas threaten energy security for US allies
New technology may potentially bring billions of additional barrels of oil and gas within reach of producers
Relocation is the latest in a wave of defections from companies lured to Lone Star State by lower taxes and lighter regulation
Delay of arbitration hearing until next year exacerbates tensions between leading US oil companies
Wall Street bank stands to make $80mn if deal to sell group to Chevron survives ExxonMobil challenge
Plus, Musk reveals AI fundraising after all
Acquisition remains subject to an FTC investigation and arbitration process launched by Exxon
US company faces tight shareholder vote on whether its takeover offer for consortium partner Hess will be approved
Company to focus on newer oilfields, bringing to an end more than 55 years of operations in region
Dispute with ExxonMobil over oil-rich Guyana block cited as source of uncertainty by advisory firm ISS
Quarterly results signal pullback from bumper earnings in past two years
The $40mn pay packet for Darren Woods comes amid debate in London about transatlantic valuation gap
Darren Woods explains ‘business is business’ as US supermajor pursues case that threatens $53bn Hess deal
Top US supermajor says it wants to protect rights to 30% Hess stake in valuable offshore field
Law of averages could catch up with explorers, as typical success rate for a series of offshore wells is around a third
Plus, Shein considers London for its IPO and Blackstone strikes a deal with Barclays
Both sides are in the midst of negotiations over stake in the Stabroek deepwater field that could end up in arbitration
US’s biggest supermajor and China’s Cnooc highlight right of first refusal in Guyana project stake central to acquisition
Oil executives hit out at administration’s move to pause approvals for LNG export terminals
Surging US oil production boosts earnings despite slide in prices after record 2022
US oil major’s shares lag those of ExxonMobil as analysts question production and climate trends
