Exxon Mobil Corporation’s XOM ongoing arbitration over its right of first refusal concerning Hess Corporation’s HES Guyana operations has put a significant hold on Chevron’s CVX $53-billion acquisition of Hess. This delay has stalled a decision on whether ExxonMobil has a right of first refusal over Hess’ lucrative Guyana operations. The arbitration panel, tasked with […]
Tag: ExxonMobils
ExxonMobil’s $60bn Pioneer acquisition gets nod from US regulator
The US Federal Trade Commission (FTC) has given conditional approval to ExxonMobil’s nearly $60bn acquisition of Pioneer Natural Resources. As per the terms of the approval, Pioneer’s co-founder and former CEO Scott Sheffield will be barred from joining Exxon’s board due to allegations of attempted collusion with the Organization of Petroleum Exporting Countries (OPEC). The […]
While ExxonMobil’s Profit Is Plunging, Its Strategy Could Pay Big Dividends in the Coming Years
ExxonMobil (NYSE: XOM) recently reported rather lackluster first-quarter earnings. The oil giant’s adjusted earnings declined by 29% to $8.2 billion, or $2.06 per share. That fell a bit short of the analysts’ consensus estimate of $2.19 per share. The energy giant battled headwinds from lower natural gas prices and refining margins. However, while the first […]