- Reuters
UPDATE 1-Hess sets May 28 shareholder vote on Chevron buyout
Hess Corp set May 28 for a special meeting of shareholders to vote on Chevron Corp 's $53 billion buyout offer, the company said in a securities filing on Friday. Chevron last October offered to acquire Hess Corp in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields. The deal has been stalled by a regulatory review and challenged by Exxon Mobil, which has filed an arbitration claim that could block the deal.
- Bloomberg
Exxon Plunges After Surprise Refining Costs Erode Returns
(Bloomberg) -- Exxon Mobil Corp. plunged the most in six months after higher-than-expected maintenance costs diminished oil-refining results. Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe Long, Slow Death of Urban NightlifeApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesWall Street Humbled as Fast-Reversing Markets Confound the ProsThe shares dropped as much as 4.2% Frid
- Zacks
Galp Energia (GLPEY) Taps Into Vast Hydrocarbon Reserves
Galp Energia (GLPEY) concludes the first phase of exploration of the Mopane field in PEL 83 and estimates that it might contain nearly 10 billion barrels of oil.
