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Strategic clarity fuels US oil giants’ M&A spree

RPT-BREAKINGVIEWS-Strategic clarity fuels US oil giants’ M&A spree The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By George Hay and Yawen Chen LONDON, Feb 23 (Reuters Breakingviews) - U.S. and European oil giants sell the same product in the same global market. But they are on diverging paths. While American groups like Exxon Mobil XOM.N and Chevron CVX.N are buying up smaller drillers, their European rivals such as Shell SHEL.L , BP BP.L and TotalEnerg
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Strategic clarity fuels US oil giants’ M&A spree

BREAKINGVIEWS-Strategic clarity fuels US oil giants’ M&A spree The authors are Reuters Breakingviews columnists. The opinions expressed are their own. By George Hay and Yawen Chen LONDON, Feb 23 (Reuters Breakingviews) - U.S. and European oil giants sell the same product in the same global market. But they are on diverging paths. While American groups like Exxon Mobil XOM.N and Chevron CVX.N are buying up smaller drillers, their European rivals such as Shell SHEL.L , BP BP.L and TotalEnergies
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Energy M&A flows downstream from Big Oil

BREAKINGVIEWS-Energy M&A flows downstream from Big Oil The author is a Reuters Breakingviews columnist. The opinions expressed are their own. NEW YORK, Feb 22 (Reuters Breakingviews) - The oil deals keep flowing downstream. Chord Energy’s CHRD.O is the latest, saying on Thursday that it would join forces with Canada’s Enerplus ERF.TO . At only about 287,000 of combined barrels of oil equivalent last quarter, the $11 billion mostly-stock combination lacks Exxon Mobil’s XOM.N or Chevron’s
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Australia iron ore, LNG ports clear ships amid cyclone warning

Australia iron ore, LNG ports clear ships amid cyclone warning SYDNEY, Feb 22 (Reuters) - Ex-tropical cyclone Lincoln is expected to intensify back to cyclonic strengths on Thursday night hitting Australia's northwest, the country's weather bureau said, as ports across the region began clearing ships from the site. The Port of Dampier, which mostly ships iron ore from Rio Tinto RIO.AX , and the Port of Ashburton, used by Chevron CVX.N for liquefied natural gas (LNG) exports from its Wheatstone M
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Canada secures surrender of all offshore Pacific coast oil and gas permits

Canada secures surrender of all offshore Pacific coast oil and gas permits By Nia Williams Feb 21 (Reuters) - Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada CVX.N voluntarily relinquished 23 permits this month.
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