News Formal

Chevron buys Hess for $53 billion in second mega oil merger this month

  • 📰 adndotcom
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The deal signals that energy giants — flush with cash since oil prices spiked after Russia’s invaded Ukraine — are leaning into fossil fuels despite calls for cleaner options.

By Aaron Gregg, The Washington PostA pedestrian walks past a tanker at a Chevron gas station in San Francisco, Monday, Oct. 23, 2023. Chevron is buying Hess Corp. for $53 billion as major producers seize the initiative while oil prices surge.

The investments run counter to U.S. and global climate policies, which aim to rapidly phase out the internal combustion engine and shift power grids to zero emissions energy. The International Energy Agency reported last month that demand for oil, gas and coal will peak by 2030 before going into a steady decline, leading its executive director, Fatih Birol, to warn oil company executives that decisions to double down on fossil fuel infrastructure could prove misguided.

Alex Witt, senior adviser for oil and gas at the advocacy group Climate Power, said the Hess acquisition shows the company’s true priorities. “Today’s news proves what we already knew - Chevron executives only care about the short-term, putting potential profits over the lives of families and the future of our planet,” Witt said in a statement Monday.

The consolidation also comes as the major energy players are flush with cash following the run-up in crude prices in the aftermath of the Russian invasion of Ukraine in February 2022.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 293. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Chevron buys Hess for $53 billion in 2nd major oil merger this monthChevron is buying Hess 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.
ソース: latimes - 🏆 11. / 82 続きを読む »

Chevron to buy Hess Corp for $53 billion in second oil mega-merger in weeksChevron agreed to buy rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.
ソース: KSLcom - 🏆 549. / 51 続きを読む »

Chevron buys Hess for $53 billion as the biggest US oil companies get even biggerThe San Diego Loyal SC is playing what could be its final home game as their season comes to a close in the USL Championship Western Conference Quarter Final.
ソース: CBS8 - 🏆 335. / 59 続きを読む »