Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.
Crude prices rose sharply in early 2022 with Russia’s invasion of Ukraine and are hovering around $90 per barrel after ticking another 9% higher this year, meaning big drillers are flush with cash and looking for places to invest piles of cash.
The Chevron-Hess deal comes less than two weeks after Exxon Mobil said it would acquire Pioneer Natural Resources for about $60 billion.
Pakistan
Pak bans Hafiz Saeed-led JuD and its charity
ISLAMABAD(TIP): Pakistan on Thursday, February 21, banned the 2008 Mumbai attack mastermind Hafiz Saeed-led Jamat-ud-Dawa and its charity wing Falah-e-Insaniat Foundation, amid intense global pressure to rein in the militant groups following the Pulwama terror […]
Sports News
Naomi Osaka’s 23-match win streak ends against Maria Sakkari
Miami (TIP): As Naomi Osaka’s 23-match winning streak neared an end, she paused before serving to crane her neck and study the sky, as if seeking intervention from above. Then she carried on, and so […]
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