Exxon Mobil plans to increase share buybacks by 14%, repurchasing $20 billion of stock next year, up from $17.5 billion. The company plans to spend between $23 billion to $25 billion on capital projects next year. Occidental Petroleum has agreed to acquire Texas shale driller CrownRock for about $12 billion in a cash-and-stock deal valued at about $10.8 billion. The Permian basin has seen a surge in M&A deals, with transactions exceeding $100 billion in 2023.
It's been a major two months for oil and gas acquisitions • 10/11 - Exxon & Pioneer ($60 billion) • 10/23 - Chevron & Hess ($53 billion) • 12/11 - Occidental & Crownrock ($12 billion) Across the Permian basin, M&A deals have totaled over $100 billion this year
It's been a major two months for oil and gas acquisitions • 10/11 - Exxon & Pioneer ($60 billion) • 10/23 - Chevron & Hess ($53 billion) • 12/11 - Occidental & Crownrock ($12 billion) Across the Permian basis, M&A deals have totaled over $100 billion this year
Occidental Petroleum’s $10.8 billion deal for CrownRock suggests the Permian Basin land grab may be entering its final chapter, writes @CrowleyKev https://t.co/JAY6Riq3wU
Occidental Petroleum’s $10.8 billion deal for CrownRock suggests the Permian Basin land grab may be entering its final chapter, writes @CrowleyKev https://t.co/UnB87vbEAx
M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac https://t.co/nKRNXvwcio https://t.co/8Ep3ti4Iqu
Occidental agreed to buy CrownRock in a cash-and-stock deal valued at about $10.8 billion https://t.co/oESHBli3gT
Occidental's $12 billion CrownRock deal an 'aggressive move' amid Big Oil's Permian consolidation https://t.co/xhs4nZzbC9 by @ines_ferre
Occidental/CrownRock: shale deal risks tempting fate again https://t.co/qjpdq8pbEe | opinion
Occidental Petroleum's $12 billion acquisition of CrownRock set to amplify operations in the Permian Basin https://t.co/ih3srIL8iL https://t.co/5CEioCQcOA
$OXY buys private energy company Crownrock for $10.7bn, largest deal since $APC deal they did in 2019
Occidental Petroleum to expand Permian ops with $12 billion deal for CrownRock https://t.co/YjsXyfWi7q
Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/8bGCASpUKS https://t.co/yRLE0GpoZl
$OXY (-0.8% pre) Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend - CNBC https://t.co/bqbaOjnlGh
Occidental has signed a $12 billion cash-and-stock deal to acquire the oil and gas producer CrownRock https://t.co/LgQ3AngqfT https://t.co/LgQ3AngqfT
Occidental to Buy Permian Explorer CrownRock for $12 Billion: BBG
Occidental to Buy Permian Basin Oil Producer CrownRock for $12 Billion https://t.co/f2IK6R8KzT
JUST IN: Occidental reaches deal to acquire Texas shale driller CrownRock for about $12 billion https://t.co/tHXeYNRpy9 https://t.co/OUuKcWaY2w
JUST IN: Occidental reaches deal to acquire Texas shale driller CrownRock for about $12 billion https://t.co/alWCxH3QyA https://t.co/PcENfSv8pk
More #Oil deals! $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals! $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkQe1N
More #Oil deals! $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals…… $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals…… $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkPGcf
More #Oil deals…… $OXY #OOTT Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lJYVSkQe1N
Occidental reaches deal to acquire Texas shale driller CrownRock for about $12 billion https://t.co/CayU3RIrOq
Occidental Petroleum to buy CrownRock in $12 billion deal https://t.co/lqrywTzZtS
$OXY Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend Occidental will issue $9.1 billion in debt and about $1.7 billion in common stock to finance the transaction. Separately, Occidental said it is raising its quarterly dividend to 22 cents…
Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend https://t.co/DB1ploytix
Occidental Petroleum $OXY just agreed to acquire privately held CrownRock for $12 billion Occidental also said it's raising its quarterly dividend up to $0.22 per share from $0.18 per share starting next year
⚠️ EXCLUSIVE-ENDEAVOR ENERGY EXPLORES SALE FOR AS MUCH AS $30 BILLION-SOURCES Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin of the United States at between $25 billion and $30 billion,… https://t.co/BBGv0s5WpX
“Even though a lot of progress is being made on controlling emissions globally, that progress is too little and too late to avoid the new reality: the world is in for a lot of climate change,” David Victor writes. https://t.co/FPzWV7sVCV
Reducing emissions is "going to take scale," Exxon CEO Darren Woods said. "It's going to take large companies with the kind of resources required to make significant progress." https://t.co/TueWaeTDdb https://t.co/2vkoL9DNfA
.@exxonmobil is boosting its lower carbon emission investments to $20 billion through 2027. CEO Darren Woods tells @davidfaber: "This is a growth business... today there's no market for carbon reduction. We're establishing that market." $XOM https://t.co/plDR6EJaMV
Exxon Hikes Buybacks 14%, Will Buy Back $20 Billion In Stock Next Year https://t.co/uOjUUdkO2c
Exxon Increases Buybacks. The Stock Is Rising. https://t.co/XevcL9HGlh
$XOM (+0.5% pre) Exxon Boosts Buybacks 14% as Hunt for More Oil Accelerates - BBG https://t.co/0Xcho6vRsQ
EXXON MOBIL BOOSTS SHARE BUYBACKS AS HUNT FOR MORE OIL ACCELERATES Exxon $XOM will repurchase $20 billion of stock next year up from $17.5B Exxon said it plans to spend between $23 billion to $25 billion on capital projects next year (Its 2023 budget was ~$25B)
EXXON MOBIL BOOSTS SHARE BUYBACKS AS HUNT FOR MORE OIL ACCELERATES Exxon $XOM will repurchase $20 billion of stock next year up from $17.5B Exxon said it plans to spend between $23 billion to $25 billion on capital projects next year (It's 2023 budget was ~$25B)
Exxon plans to raise share buybacks as the oil giant accelerates crude production in the US Permian Basin https://t.co/eYDQ2gwnOY