Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger ...

On Feb. 2, ExxonMobil (XOM-3.45%) and Chevron (CVX-1.11%) reported their fourth-quarter and full-year 2023 results. It was the second-best year for both companies over the last decade (the best ...

Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil ...

The conclusion of the saga removes a stock overhang for Chevron and paves the way for the $53 billion deal to close ...

Exxon Mobil Corp. is one of the oil industry’s most litigious companies, always ready to take a rival, a government, a green ...

ExxonMobil and Chevron are supporting their high dividend yields with cash flow. ExxonMobil completed its acquisition in May ...

Chevron merger is unlikely given the current stable oil market, recent major acquisitions by both companies, and potential ...

Exxon Mobil and Chevron's recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, ...

Just 12 days later, Chevron (CVX 0.81%) followed suit with its $53 billion all-stock merger with Hess (HES 1.45%). Exxon's announcement marked its largest deal since Exxon and Mobil merged in 1999.

Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a company record.

ExxonMobil and Chevron both reported record massive profits thanks to record gasoline prices during the quarter. Exxon’s profit, excluding special items, came to $17.6 billion in the second ...

But an Exxon-Chevron tie-up would likely face significant hurdles under President Biden, who wants to combat climate change by making the US less dependent on oil and investing in renewable energy.