Diamondback in $26B deal to buy Endeavor Energy in growing Permian push
The combined company would be the third-largest oil and gas producer in the region behind Exxon and Chevron, with both firms having announced recent deals.
Exxon Mobil sues ESG investors to keep climate proposals off shareholder ballot
Exxon Mobil is suing to block a group of activist shareholders from bringing up a climate proposal covering emissions by users' of Exxon's products for a vote at a shareholder meeting.
Occidental Petroleum to buy CrownRock in $12B deal
Houston-based Occidental Petroleum said it will purchase CrownRock in a $12 billion deal. It expects the transaction to close in the first quarter of 2024.
FTC investigates Exxon’s $60 billion deal for Pioneer
The Federal Trade Commission is investigating ExxonMobil's planned acquisition of Pioneer Natural Resources over potential violations of federal antitrust law.
Oil prices bubble ahead of OPEC meeting
Oil prices are moving higher ahead of the Organization of the Petroleum Exporting Countries (OPEC) meeting scheduled for Thursday, after the alliance delayed the event last week.
Investors rebuff 'Big Oil' climate shareholder resolutions
U.S. investors at leading energy firms rejected a climate activist group's push to align emission targets with the Paris climate pact despite the group's success in Europe.
Schumer, Democrats call for FTC probe of Exxon, Chevron acquisitions
Senate Majority Leader Chuck Schumer and 22 Democratic senators sent a letter to the FTC calling for an antitrust probe of acquisitions by ExxonMobil and Chevron.
ExxonMobil executive David Scott arrested in Texas on sexual assault charge
David Scott, an ExxonMobil executive, has been charged in Texas with second-degree sexual assault, a felony.
Israel war boosts Lockheed Martin, Northrup Grumman, other defense stocks
Northrop Grumman, Lockheed Martin and other defense stocks rose on speculation the attack on Israel by Hamas terrorists that left thousands dead will boost demand for weapons.
California goes to war with oil and gas giants over climate change 'deception'
The state of California has filed a lawsuit against major oil and gas companies, alleging the fossil fuel industry has lied about the harms of climate change for decades.