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Pioneer Natural Resources Co

FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board

by Shen Ridenbaugh
FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board

Scott Sheffield, CEO of Pioneer Natural Resources. Adam Jeffery | CNBC The Federal Trade Commission on Thursday accused the former Pioneer Natural Resources CEO of colluding with OPEC to raise …

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Exxon Mobil reaches agreement with FTC, set to close $60B Pioneer deal

by Shen Ridenbaugh
Exxon Mobil reaches agreement with FTC, set to close B Pioneer deal

A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters The Federal Trade Commission will wave through Exxon Mobil‘s roughly $60 billion acquisition of Pioneer Natural …

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Exxon (XOM) Q4 earnings report 2023

by Merchant Moller
Exxon (XOM) Q4 earnings report 2023

Exxon Mobil reported quarterly earnings that beat Wall Street’s expectations, but the company’s profit declined significantly from same period the year prior as oil prices weakened. Exxon declared a dividend …

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Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

by Merchant Moller
Occidental Petroleum to buy Permian producer CrownRock for  billion, raise dividend

Occidental Petroleum Jay L. Clendenin | Los Angeles Times | Getty Images Occidental Petroleum has agreed to buy CrownRock, a major privately held energy producer that operates in the Permian …

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Australia oil and gas producers Woodside and Santos in merger talks

by Shen Ridenbaugh
Australia oil and gas producers Woodside and Santos in merger talks

Bloomberg/Contributor | Bloomberg | Getty Images Shares of Australia’s Santos jumped to a five-week high on Friday, on news it’s in talks to merge with Woodside Energy. Santos and Woodside …

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Exxon CEO dismisses worries FTC could hold up Pioneer deal

by Shen Ridenbaugh
Exxon CEO dismisses worries FTC could hold up Pioneer deal

Darren Wood, CEO of Exxon Mobil, speaking on CNBC’s Squawk on the Street on Dec. 7th, 2023.  CNBC Exxon Mobil CEO Darren Woods on Thursday dismissed worries that the Federal …

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Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes

by Shen Ridenbaugh
Exxon sees big earnings boost from cost cuts, will increase share buybacks after Pioneer deal closes

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters Exxon Mobil said Wednesday its expects earnings to more than double through 2027 relative to …

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The top 10 things to watch in the stock market Wednesday

by Merchant Moller
The top 10 things to watch in the stock market Wednesday

The 10 things to watch Wednesday, Dec. 6 1. U.S. stocks are higher in premarket trading Wednesday, with S & P 500 futures up 0.45% after back-to-back days of losses. …

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OPEC says oil industry unjustly vilified ahead of COP28

by Shen Ridenbaugh
OPEC says oil industry unjustly vilified ahead of COP28

OPEC has refused to switch to bigger output increases as group sources have cited a lack of spare capacity among members to add more barrels as well as the need …

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Diversification is crushing investors. Will 2024 be different?

by Merchant Moller
Diversification is crushing investors. Will 2024 be different?

In 2023 true diversification killed you. If you chose to buy stocks across a wide swath of sectors —financials, retailers, drugs, foods, utilities, autos, airlines and oils — and your …

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