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Also in today’s newsletter, Exxon’s foray into lithium and a Russian oil scoop
Oil producer has acquired rights to 120,000 acres of land in Arkansas as part of big strategic pivot
Acquisitions will allow more room to manoeuvre if energy transition picks up pace
Forecasts show that demand for oil is reaching its peak, so why are US supermajors doubling down?
The two banks are the biggest winners on Wall Street as energy industry bucks M&A downturn
US supermajors open a controversial fossil fuel frontier in one of Latin America’s poorest nations
Quarterly profits at oil group and rival Chevron miss Wall Street expectations
Behind ExxonMobil’s contrarian $60bn oil bet
Scott Sheffield built the oil company into the biggest producer in Texas
Purchase of Pioneer Natural Resources boosts US group’s Permian Basin inventory as fossil fuel debate heats up
Plus, Birkenstock steps into a rocky IPO market and Sequoia’s former China arm plots a new future
Deal gives oil group a chunk of Permian real estate, associated cash flows and $2bn of estimated annual synergies
Acquisition is biggest for the supermajor in decades and expected to herald wave of consolidation
David Scott’s arrest comes as the company is in talks to buy Permian Basin leader Pioneer
Oil major’s possible takeover of $56bn independent driller ‘puts large companies into play’
Oil company in talks to buy US-listed resource giant
Potential deal would be oil supermajor’s biggest for almost a quarter of a century
Firm ditches ETF business and takes stake in miner Vale two years after winning proxy battle
Focus likely to return to decarbonisation as supply threat brought by Russia’s invasion of Ukraine recedes
US group becomes latest oil major to report shrinking earnings as prices moderate following jump caused by Ukraine war
Energy company announces that it would sell itself for $4.9bn
All-stock deal gives oil supermajor access to largest CO₂ pipeline network in the US
Annual meeting votes highlight differences between investors at US and European oil companies
World’s biggest sovereign wealth fund attempts to force policy change at US groups despite backing European oil majors
The oil major says it is investing in low-carbon technologies. Pressure from shareholders has played a part — but so have tax incentives
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