- Reuters
Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger
U.S> Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp's proposed $53 billion acquisition of Hess Corp. "The FTC should side with consumers and pump the breaks on this deal," Schumer said in a post on social media platform X, adding that the deal would give oil majors more leverage to raise gas prices. In October last year, Chevron agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's massive Guyana discoveries.
- Insider Monkey
15 Best Oil Stocks to Buy According to Analysts
In this article, we will take a detailed look at the 15 Best Oil Stocks to Buy According to Analysts. If you want to skip our detailed analysis and see the top 5 stocks in this list, click 5 Best Oil Stocks to Buy According to Analysts. Despite the buzz and huge investments in the green energy space, […]
- Reuters
California's Treasurer Ma urges votes against two Exxon directors
California Treasurer Fiona Ma, a board member of the U.S. state's two big pension systems, on Friday urged both to cast votes against two Exxon directors because of the energy company's unusual lawsuit against small investors. Exxon filed the suit in January seeking to block a shareholder climate resolution, sidestepping the usual regulatory process to fend off activist measures. The filers withdrew the resolution, but Exxon continued the suit seeking legal costs and other relief.
