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Exxon Mobil Signals Up to $20 Billion Write-down to Overwhelm Fourth-quarter Gains

2020-12-31 11:20:00| OGI

Exxon Mobil signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.

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Bosch wins orders worth several billion euros for vehicle computers

2020-12-29 10:55:41| Green Car Congress

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Cenovus, Husky Get Key Approvals for Near $5 Billion Proposed Merger

2020-12-21 15:34:27| OGI

Cenovus Energy Inc. and Husky Energy Inc. have received all key regulatory approvals required for their proposed merger to create Canadas No. 3 oil and gas producer, the companies said on Dec. 21.

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Diamondback to Buy Shale Rival QEP in $2.2 Billion Deal

2020-12-21 14:48:26| OGI

U.S. shale producer Diamondback Energy said on Dec. 21 it would buy rival QEP Resources Inc. in an all-stock deal valued at around $2.2 billion.

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Shell Sells Minority Stake in Queensland Curtis LNG Facilities for $2.5 Billion

2020-12-21 12:08:59| OGI

Shell said on Dec. 21 it has agreed to sell a 26.25% stake in its Queensland Curtis LNG (QCLNG) facilities to Global Infrastructure Partners Australia for $2.5 billion, helping the oil major meet its annual target for divestments.

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