The profit of a consortium by oil producers Exxon Mobil, Hess and CNOOC in Guyana increased 64% last year to $10.4 billion, Exxon said on June 3, amid facility updates that allowed a sustained ...

This is likely to be a long legal battle over a valuable oil reserve, which is what every oil company wants. The fight ...

Amid a reduction in its global workforce, Chevron plans to lay off over 200 Midland County employees on July 15.

Suriname’s oil future looms large as the nation faces a political transition and rising foreign interest in its oil reserves. Suriname is a small country located on the northeastern shoulder of South ...

This billion-barrel standoff is more than a contractual dispute. It is a test case for how energy giants navigate partnership rules in a climate of industry consolidation, rising geopolitical ...

U.S. crude oil inventories rose by 1.3 million barrels last week, while stocks of gasoline and diesel increased amid higher refinery capacity use, according to data released by the EIA. Elliott had ...

Dow Jones Top Energy Headlines at 12 AM ET: Why Exxon and Chevron Are Fighting So Hard Over an Oil Project in Guyana | ‘It’s ... Why Exxon and Chevron Are Fighting So Hard Over an Oil Project in ...

The proposed merger would create a combined entity with a market capitalization of around $300 billion, potentially rivaling ExxonMobil ($480 billion) and Chevron ($282 billion). Proponents argue ...

Exxon Mobil Corporation’s XOM acquisition ... the $53 billion merger between Chevron Corporation CVX and Hess Corporation HES was also approved by the FTC. However, the decision was not ...

Guyana is at the center of competition between these two companies as Exxon Mobil has outperformed Chevron in production growth while achieving record production in Guyana. Chevron has also faced ...