Market context
Follow the story. See which markets it affects. Explore the context.
Enbridge agreed to acquire Tallgrass Energy's crude oil operations from Blackstone for $2.55 billion in cash, expanding its U.S. midstream footprint with the Pony Express Pipeline. While Enbridge exp…
ExxonMobil shut down its 275,000 b/d Joliet refinery in Illinois following a 3.5-hour power outage on Sunday. Power has been restored, and the company is conducting site status assessments to evaluat…
Chevron plans to invest over $7 billion in Venezuela, aiming to double production to 600,000 barrels per day at sub-$20 costs. This positions Chevron for high-margin cash flow, capitalizing on its pr…
Chevron plans to invest over $7 billion in Venezuela through 2031 to double production to 600,000 barrels per day. The low-cost expansion aims to extract crude at $20 per barrel under renewed U.S.-Ve…
Chevron CEO Mike Wirth announced a $7 billion investment in Venezuela via joint ventures to revive the nation's oil sector, supported by U.S. policy initiatives.
Chevron announced a $7 billion investment with Venezuela to increase joint venture output to 600,000 barrels per day over five years. Alongside a separate deal securing US control over Venezuelan res…
Exxon Mobil rose to $160 as Brent crude crossed $90 per barrel. However, the company was excluded from a White House refiners meeting following disagreements over Venezuela, while peers secured seats…
Exxon Mobil rose over 2% as Brent crude surpassed $90 per barrel, boosting cash flow prospects. However, the company was excluded from a key White House refining meeting following disputes over Venez…
Donald Trump stated ExxonMobil is preparing to re-enter Venezuela after its 2007 exit. While Venezuela's massive reserves offer long-term upstream growth optionality, severe infrastructure degradatio…
GE Vernova shares dipped over 2% following reports of emerging competitive pressure from Elon Musk's ventures, including SpaceX. Neither company has commented officially on the potential rivalry.
Chevron is nearing agreements with Halliburton to invest in Venezuelan heavy oil assets. The deal reinforces Chevron's status as the only major U.S. operator in Venezuela, expanding its crude portfol…
Trump announced a deal to access Venezuelan oil reserves to refill the U.S. Strategic Petroleum Reserve. However, Venezuelan infrastructure decay, the heavy/sour quality of its crude, and legal uncer…
While Chevron (not listed) expands in Venezuela, the news highlights the risks for rivals like Exxon Mobil (XOM), which remains on the sidelines due to past asset seizures and ongoing disputes.
Energy stocks were mixed as crude prices slipped on easing geopolitical tensions and potential shifts in OPEC. Chevron and Halliburton advanced on Venezuela expansion plans, while the broader sector …
ExxonMobil's subsidiary, XTO Energy, announced the full redemption of three series of senior notes due 2036, 2037, and 2038. The Notes will be repurchased on September 27, 2026, at 100% principal plu…
Venezuela may leave OPEC, potentially opening its vast oil reserves to U.S. companies. Chevron is best positioned for this opportunity, already having a head start and existing operations. Exxon Mobi…
Exxon Mobil fell 0.4% as easing geopolitical tensions reduced oil disruption risks, pressuring crude prices. While XOM boasts strong cash flow and a solid asset base, its stock trades at a significan…
ExxonMobil announced that Senior Vice President and CFO Neil Hansen will participate in a fireside chat at the Barclays 40th Annual Energy-Power Conference in New York on September 9, 2026.
Senator Elizabeth Warren criticized President Trump over substantial gains in his oil stock portfolio, including ExxonMobil, amid escalating tensions with Iran. The report highlights massive valuatio…
Exxon Mobil temporarily suspended operations at its offshore Liza Unity facility in Guyana following a laundry-room fire on the floating vessel. The company confirmed the halt, presenting a minor sho…