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Exxon Mobil, Pioneer Natural Resources On Cusp Of Mega Deal, Shares React

Benzinga

Exxon Mobil Corp (NYSE: XOM ) shares are trading lower Friday after reports surfaced that it is nearing the completion of a $60 billion acquisition. The move sent shares of the target company, Pioneer Natural Resources Co (NYSE: PXD ), nearly 10% higher. The company has long viewed. Full story available on Benzinga.com

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FTC Wants More Info On Chevron's $53B Hess Deal

Law 360 M&A

The Federal Trade Commission has deepened its probe of a second megadeal in the oil and gas industry, asking for more information about Chevron's planned $53 billion purchase of Hess Corp., the companies said Friday.

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ISS Discusses Human Rights-Related Shareholder Proposals

Reynolds Holding

companies, investors, consumers, NGOs, governments, intergovernmental organizations, etc.). Human rights issues present material risks to not only companies, but also to institutional investors, as reputational as well as regulatory and litigation risks, can impact both companies and their investors. Proposal Topic. Main Filer.

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The Corporation is Becoming More Contract Focused, But Don’t Call it an LLC Just Yet

Farrel Fritz

Those changes met Court approval in Boilermakers Local 154 Retirement Fund v Chevron Corp. , In a member-managed LLC (the default under New York Law), majority rules for major decisions, and each member has the independent authority to manage the day-to-day affairs of the company. 73 A3d 934 [Del Ch 2013], and ATP Tour, Inc.

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2024 M&A Outlook After a Rough Year for Deal Makers

NYT M&A

Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.

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Big Oil Gets Bigger as ESG Funds Are Falling Out of Favor

NYT M&A

Chevron’s $53 billion bid for Hess may drive consolidation in the oil patch. Meanwhile, investors are pulling back from climate-focused investment products.

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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns

NYT M&A

Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.