BLOOMBERG Exxon Mobil Corp is in talks to acquire Pioneer Natural Resources Co, according to a person familiar with the matter, nearing its largest takeover in more than two decades as the energy giant seeks to become the dominant US producer of shale oil. An agreement could be worth as much as $60 billion and may be completed in the ...

BLOOMBERG Shell Plc said its earnings from gas trading rebounded in the third quarter from the dip seen in the prior period. After bumper profits in 2022 resulting from the severe energy market volatility caused by Russia’s invasion of Ukraine, the performance of oil majors’ trading divisions has shifted back toward historical norms this year. Even so, Europe’s appetite for ...

BLOOMBERG European shares rallied after dovish comments by Federal Reserve officials and the prospect of more economic stimulus by China brought some risk appetite back to markets as investors continue to evaluate the potential impact of the Israel-Hamas conflict. Treasuries jumped, catching up with the global government bond rally, when cash trading in the US was closed. The yield on ...