Chevron

Chevron Corp. said Monday that it will acquire Denver-based PDC Energy in an all-stock transaction valued at $6.3 billion, adding to its oil and gas holdings in the Denver-Julesburg and Permian basins. The deal will net Chevron 275,000 acres next to its existing operations in the Denver-Julesburg Basin in eastern Colorado and more than 1 billion barrels of oil equivalent. Chevron will acquire 25,000 additional acres in the prolific oil fields of the Permian in West Texas and New Mexico. Chevron Chairman and CEO Mike Wirth…

The oil giant is acquiring PDC Energy, which holds stakes in Texas and Colorado. The oil giant is acquiring PDC Energy, which holds stakes in Texas and Colorado. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to…

This story was originally published by Grist. Sign up for Grist’s weekly newsletter here.A Transformer Is Headed to the MoonThe flood-prone city of Hoboken, New Jersey, sued Exxon, Chevron, and other oil companies three years ago, hoping to put them on trial for deceiving the public. Like other lawsuits set in motion by “Exxon Knew” investigations, Hoboken made the case that they breached state consumer protection laws by hiding the risks of burning fossil fuels.But the lawsuit recently took a novel twist. Hoboken’s…

Texas could add tens of thousands of jobs if the state seriously commits itself to driving down its methane emissions, finds a report from the Texas Climate Jobs Project released Wednesday. But state leadership has thus far refused funding from the federal government for anti-methane measures.Prime Day Ain't That 'Green'Methane lasts for less time in the atmosphere than carbon dioxide, but it’s much more intenseand can do some serious damage while it’s around. As we increasingly run out of time to right the ship and keep…

The stock awards that Elon Musk got for running Tesla lost nearly $10 billion in value last year. Stock declines erased $237 million in compensation for Expedia’s boss and roughly $149 million for Amazon.com Chief Executive Andy Jassy.What's NewsSee MoreWhat's News The stock awards that Elon Musk got for running Tesla lost nearly $10 billion in value last year. Stock declines erased $237 million in compensation for Expedia’s boss and roughly $149 million for Amazon.com Chief Executive Andy Jassy.What's NewsSee…

Not long ago, Warren Buffett seemed like he was mostly done with oil stocks. The renowned investor lost big on an oil-company investment in 2008, and bailed out of another in 2014. He assured his shareholders he had learned his lesson. Then, last year, Mr. Buffett built up a fresh $39 billion bet. Not long ago, Warren Buffett seemed like he was mostly done with oil stocks. The renowned investor lost big on an oil-company investment in 2008, and bailed out of another in 2014. He assured…

WASHINGTON—The Supreme Court said Monday it would reconsider a 1984 precedent some conservatives have argued grants too much power to federal regulators by directing courts to defer to an agency’s legal approach when Congress has left the statutory language ambiguous.  The precedent, Chevron v. Natural Resources Defense Council, initially helped the Reagan administration fend off challenges from environmentalists. In more recent years, conservative legal groups have argued that federal judges should…

Exxon Mobil Corp. and Chevron Corp. collectively posted $18 billion in first-quarter profits, showing resilience even as oil and natural-gas prices declined. The Western world’s largest oil companies rocketed to record earnings last year as energy prices soared following Russia’s invasion of Ukraine. This year, investors fear an economic slowdown could suppress energy prices, while rising supply-chain costs have steadied at high levels. This suggests Exxon and Chevron’s cash gusher peaked last year,…

This story was originally published by Grist. Sign up for Grist’s weekly newsletter here.Teenage Cybercrime Gang LAPSUS$ Strikes AgainNearly two dozen lawsuits filed by cities and states aim to put fossil fuel companies on trial for deceiving the public about climate change. But they’ve been stuck in legal limbo for half a decade, with companies deploying several maneuvers to block them. Now a surprising source has unleashed those lawsuits: the conservative-dominated Supreme Court.On Monday, the justices rejected…

Technology companies including Google parent Alphabet Inc. and Amazon . com Inc. as well as stalwarts from the food, pharmaceutical and energy sectors, highlight a busy earnings week amid concerns about the U.S. economy. The coming reports will provide clues to investors about how companies fared in the first quarter of 2023 as the recent banking crisis, continuing layoffs in sectors such as technology, and inflation weighed on the economy. Technology companies including Google parent…