Occidental Petroleum Corp. agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.
Ukraine’s President Volodymyr Zelenskiy warned that US congressional gridlock over military aid only benefits Russian President Vladimir Putin, as he began a hastily planned trip to Washington that will help determine whether his country has the weapons it needs to keep fighting Russia.
Manulife Financial Corp. agreed to reinsure C$13 billion ($10 billion) of reserves with KKR & Co.’s Global Atlantic Financial Group and its partners in a deal the company said is the largest long-term care reinsurance transaction in the industry’s history.
Drilling rights in the US Permian Basin are commanding prices not seen since the worldwide pandemic crushed oil markets more than four years ago.
A forecast surplus of copper going into 2024 has suddenly all but disappeared.
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