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A survey of North American equities heading in both directions

(Bloomberg) -- Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide. Most Read from BloombergIsrael Latest: UN Chief Urges Halt as Hezbollah Clashes FlareAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantNobody Wants Mutual Funds NowXi Makes Unprecedented Central Bank Visit in Sign of Focus on EconomyChina Repeats Its View That Israe...

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Chevron Corp said on Monday it would buy smaller rival Hess Corp in a $53 billion all-stock deal, taking its rivalry with Exxon Mobil to the next level by boosting its presence in U.S. shale and...

Chief executive John Hess said the deal adds oil fields in Guyana, including more than 11 billion barrels of oil equivalent.

Chevron agreed to buy Hess for $53 billion, a deal aimed at boosting production growth as the industry bets on a future for oil. Read on.

Chevron Corp has announced a $53 billion all-stock deal to acquire its smaller rival, Hess Corp, in a move that will reshape the energy landscape. The acquisition will give Chevron a 30% ownership stake in 11 billion barrels of oil equivalent in discovered recoverable resources in Guyana, as well as control over 465,000 net acres of high-quality, long-term inventory in Bakken. Experts believe that the deal will transform the competitive landscape and mark a transformative moment in the energy se...

Chevron Corp. agreed to buy Hess Corp. for $53 billion.

Deal is aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels.

The Financial Post brings you the top business stories as they happen for October 23, 2023. Read on for breaking news you need to know.