Halliburton

Updated Dec. 5, 2023 5:25 pm ETU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which would be the largest oil-and-gas deal in two decades, according to securities filings. The Federal Trade Commission has sought additional information from the companies about the deal, a step it takes when reviewing whether a merger could be anticompetitive under U.S. law, Pioneer disclosed in a filing Tuesday. Merger investigations on average take about 10 months to complete, according…

CAIRO—After years of underinvestment in North Africa’s energy infrastructure, global oil-and-gas giants from Halliburton Co. and Chevron Corp. to Eni SpA are ramping up their presence in the region as demand from Europe grows.Executives in the industry are betting it is worth drilling again in some of the hardest places to do business in the world as Europe increasingly turns to other sources for its energy needs after shunning its…

Josh Halliburton HAL 1.91% joined Ford F -0.46% Motor Co. in January to help improve its shaky quality record. Within months it was clear how big a challenge he faced. “That’s not good enough,” said Mr. Halliburton, Ford’s newly hired executive director of quality. “We want to be a quality leader.” An auto maker once touted for its quality record—“Quality is Job 1” was its slogan for much of the 1980s and…

Photo: Eli Hartman/Odessa American (AP)Five major oil and gas companies are set to release their Q2 earnings reports on Thursday and Friday. The numbers are already astronomical: Shell announced Thursday it had made a jaw-dropping $11.5 billion in profit last quarter, smashing a record it set earlier this year. The industry is expected to log a record $50 billion profit overall, while oil giant ExxonMobil may also post its biggest quarterly profit to date on Friday. But this huge influx of cash, new labor numbers suggest,…