oil company

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One Big Oil Company Will Absorb Another, for $53B

Chevron is buying Hess, just weeks after Exxon Mobil made its own $60B acquisition

(Newser) - Chevron is buying Hess Corp. for $53 billion as the biggest US oil companies use a recent windfall in profits to buy up smaller competitors. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said it would acquire Pioneer Natural Resources for about $60 billion, per the AP...

ExxonMobil Set to Square Off Against Activist Investors

Shareholder meeting at Chevron also promises to be contentious over emissions reduction plans

(Newser) - The fly on the wall at Wednesday's ExxonMobil shareholder meeting is likely to get quite an earful, notably on the topic of climate change. Quartz reports that the oil giant is expecting a battle with some of its more activist-leaning investors, including on multiple proposals regarding carbon emissions that...

Greenpeace Hit With Suit by Major Oil Firm

TotalEnergies slams environmental group for report that says its 2019 emissions were higher than claimed

(Newser) - In November, Greenpeace France put out a damning report that found oil giant TotalEnergies had carbon emissions in 2019 that were nearly four times what the company claimed. Now, Total is suing the environmental group, accusing Greenpeace's report of "false and misleading information," per Reuters . In the...

Could This Be the Priciest Divorce Ever?

Harold Hamm could end up paying wife Sue Ann quite a large sum

(Newser) - America's biggest oil baron could soon be setting another record—but this one's not so good. Harold Hamm's second wife, Sue Ann Hamm, filed for divorce last year, and the financial settlement could end up trumping the $1.7 billion current record-holder Rupert Murdoch paid ex-wife Anna...

14 Dead in Mexico City Blast
 25 Dead in Mexico City Blast 
UPDATED

25 Dead in Mexico City Blast

Scores more injured in explosion at oil company Pemex

(Newser) - An explosion at the main headquarters of Mexico's state-owned oil company in the capital today killed 25 people and injured 101, officials say; 46 remain hospitalized. The blast occurred in the basement of an administrative building next to the iconic, 52-story tower of Petroleos Mexicanos, or Pemex, in Mexico...

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