Big oil is racing to scale up carbon capture to slash emissions
A standard drilling rig that Chevron will be drilling its first onshore test well for the 14,000-acre Bayou Bend CCUS project is photographed on Thursday, Feb. 22, 2024 in Winnie…
Energy might be the ‘story of the summer,’ one CIO says
Energy could be a hot trade this summer, according to Robert Schein, chief investment officer at Blanke Schein Wealth Management. A supply crunch perpetuated by geopolitical conflicts and shipping disruptions…
An options trade on a cheap energy stock that generates income while you wait for the comeback
There’s a major energy stock trading on the cheap with a chance for upside. I’ll review an options trade that generates income while I wait for the potential comeback. Last…
Red Sea crisis may lead to tanker shortage, Kuwait Petroleum CEO says
Kuwait Petroleum Corporation Deputy Chairman & CEO Shaikh Nawaf Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Mark Felix | Afp | Getty Images…
Exxon is not trying to acquire Hess in dispute with Chevron, CEO says
HOUSTON — Exxon is not trying to acquire Hess as the oil major battles with Chevron over lucrative oil assets in Guyana, CEO Darren Woods said Monday. When asked directly,…
Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute
Mike Wirth, CEO of Chevron and John Hess, CEO of Hess, appear on CNBC to speak about Chevron’s deal to buy Hess Corp for $53 billion all-stock deal, on the…
HES shares drop as fight with XOM over Guyana oil threatens Chevron takeover
Hess Corp shares fell Tuesday after Chevron warned investors that a dispute with Exxon Mobil and China’s National Offshore Oil Corp. (Cnooc) over Guyana’s offshore oil assets could jeopardize its…
Berkshire Hathaway once again keeps new stock purchase secret, trims giant Apple stake
Warren Buffett’s Berkshire Hathaway asked regulators to keep its new stock purchase secret for a second quarter in a row, while the conglomerate trimmed its massive Apple stake slightly in…
These oil stocks could be the next takeover targets in Permian Basin
The oil industry is fighting to cash in on limited land in the resource-rich Permian Basin but the acquisition targets are dwindling after a series of major deals over the…
AI might be reading your Slack, Teams messages using tech from Aware
Insta_photos | Istock | Getty Images Cue the George Orwell reference. Depending on where you work, there’s a significant chance that artificial intelligence is analyzing your messages on Slack, Microsoft…