Chevron is pivoting from aggressive growth to focusing on profitability in the Permian Basin. With its recent $53 billion Hess deal, the company aims to streamline operations and maximize cash flow while maintaining stable production.
Chevron CEO Mike Wirth is banking on a massive acquisition in Guyana's Stabroek Block to rejuvenate the company's performance, amidst legal battles with Exxon and CNOOC over preemptive rights.
BP shares skyrocketed 7% following reports of early-stage acquisition talks with Shell. While a deal is uncertain, the oil major's future looks intriguing amidst industry shifts.
In a surprising move, President Trump has exempted oil, gas, and refined products from new tariffs, sparking relief among U.S. oil producers worried about rising costs and disrupted supplies.
Trump's decision to reverse oil concessions in Venezuela raises questions about the country's economy and US foreign policy. Find out the impact of this unexpected move.
