Marathon Petroleum and Andeavor Enter Merger Agreement
Ohio-based Marathon Petroleum (NYSE:MPC) announced Monday that they would be entering into a merger agreement with the Texas-based oil company Andeavor (NYSE:ANDV).
Marathon will be purchasing Andeavor for approximately USD $23.3 billion.
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Weatherford Sells its US Fracking Business to Schlumberger Instead of Forming Joint Venture and Investors Aren’t Happy – Stock Down 16%
Weatherford International plc (NYSE:WFT), a company involved in energy and oil, originally announced back in March of last year that it would be forming a joint venture agreement with Schlumberger Ltd. (NYSE:SLB), a company the …
Exxon Mobil Merging its Refining and Marketing Divisions
Exxon Mobil Corp. (NYSE:XOM) will be merging its refining and marketing divisions, Exxon Mobil Refining and Supply Company and Exxon Mobil Fuels, Lubricants, & Specialties Marketing Company, into the Exxon Mobil Fuels & Lubricants Company. …
Exxon Mobil Needs to Adjust Operations in order to Survive Downturn in Oil and Natural Gas Prices
Exxon Mobil (NYSE:$XOM) will be reorganizing its refining operations to combat the downturn in oil and natural gas prices.
Exxon is the world’s largest publicly traded oil producer, and so has drastically been …
Shell to Build Electric Charging Stations Across Europe
Royal Dutch Shell (OTC:$RYDAF) is getting in on the electric vehicle revolution, starting with offering more electric charging stations across Europe.
The oil company refuses to be left behind when gas vehicles go …
South Dakota Pipeline Leak Hits TransCanada Corp. Shares, Canada Crude Price Plunges
Canadian heavy crude prices and TransCanada Corp. (TSXV:$TRP) shares slid on Friday, the day after Keystone pipeline spilled 5,000 barrels of oil in South Dakota as officials Nebraska mulled whether to approve another pipeline proposed …
What Wall Street Experts Are Saying About BP p.l.c
BP p.l.c (NYSE:$BP) saw its price target being lifted by Evercore ISI from $43.00 to $48.00 in a research note issued to investors on Wednesday, Nov 1st, The Fly reports. The brokerage currently has an …
Chevron Corporation Enters into 7 Year Partnership with Microsoft
Chevron Corp. (NYSE:$CVX) has announced a seven-year partnership with Microsoft Corporation (NASDAQ:$MSFT), thus establishing the company as Chevron’s primary cloud provider and accelerating the application of advanced technologies such as analytics and the Internet of …
Exxon Mobil Opens New Petrochemical Plant in Texas
On Tuesday, Exxon Mobil (NYSE:$XOM) commenced production at a brand new petrochemical facility in Mont Belvieu, Texas, just two short months after Hurricane Harvey tore through the U.S. Gulf Coast and crushed the U.S. refining …
Oil Prices Rise As Fighting Continues in Kirkuk
On Monday, Iraqi forces entered the oil-rich city of Kirkuk while oil prices went up 1%. The operation, which was launched on Sunday, was set to take territory from the Kurdish fighters fighting for independence …