Chevron and Hess Corp. have announced a $60 billion merger, the second major oil deal this month as energy prices surge. The acquisition will add a major oil field in Guyana and shale properties in the Bakken Formation in North Dakota to Chevron's portfolio. This follows Exxon Mobil's announcement two weeks ago to acquire Pioneer Natural Resources for $60 billion, and analysts expect more deals to follow as oil prices remain high.
Posts tagged as “Exxon Mobil’”
On Saturday, loved ones gathered to honor O'Shae Sibley, a 28-year-old professional dancer who was fatally stabbed at a Brooklyn gas station last weekend. A 17-year-old high school student has been arrested and charged with murder as a hate crime. At the vigil, Mayor Eric Adams spoke about the tragedy, saying, "This is a city that is not going to tolerate hate in any form." Sibley's death has sparked outrage in the community and has prompted calls for justice.
Exxon Mobil's scientists were remarkably accurate in their predictions about global warming, despite the company publicly doubting that warming was real and dismissing climate models' accuracy. The study found that Exxon's scientists were able to accurately forecast the effects of global warming, such as sea level rise, ocean acidification, and extreme weather events. This suggests that Exxon was aware of the potential impacts of global warming, and that the company's public statements were not in line with its own scientific research.