Chevron Corp

Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend

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Occidental Petroleum to buy Permian producer CrownRock for billion, raise dividend

Occidental Petroleum on Monday agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest oil-producing region in the U.S. The transaction is expected to close in … Read more

How Houthi attacks in Red Sea threaten global supply chain

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How Houthi attacks in Red Sea threaten global supply chain

A container ship sails through the new section of the Suez Canal in the Egyptian port city of Ismailia, 135 kms northeast of the capital Cairo on October 10, 2019. Khaled Desouki | AFP | Getty Images Attacks by Iran-backed Houthi militants on ships in the Red Sea have already rocked global trade. And there … Read more