logo
episode-header-image
Oct 2023
50m 15s

Chevron to buy Hess Corp for $53 billion

Bbc World Service
About this episode
There's a mood of consolidation in the air in the US oil industry - earlier this month Exxon Mobil, the largest American oil-producer, bought oil-explorer Pioneer Natural Resources for $59.5bn. Now Chevron has announced its buying its main rival Hess for $53bn. The oil industry last went through an era of major consolidation in the late 1990s, following a ... Show More
Up next
May 2025
Trump suggests China tariffs will fall
President Trump says tariffs on China “will not be anywhere near 145%” but won’t be removed all together. It follows US Treasury Secretary Scott Bessent saying he expected a ‘de escalation’ in US China tariffs.The International Monetary Fund has revised its global growth forecast ... Show More
53m 26s
Apr 2025
Traders on tenterhooks over new tariffs
As some of the World's largest economies get ready to face new tariffs, we find out what a battle on levy's could mean for the global economy.We hear from a Gulf Coast business feeling positive about the charges, and the predicament of a Californian retailer reliant on imports.El ... Show More
49m 27s
Apr 2025
Making sense of a turbulent time for the markets
We speak to experts in the world's two largest economies - the USA and China - about the impact of a tariff war, and whether stock markets around the globe will continue to fall as we saw on Monday. Rahul Tandon speaks to a footwear designer in California on how any international ... Show More
49m 30s
Recommended Episodes
Jul 2021
Do oil companies have a future?
Shareholders and courts pile pressure on the oil majors. Amid falling demand for oil and targets to cut carbon emissions, what role if any do companies like ExxonMobil and Shell have in a decarbonised world? Manuela Saragosa speaks to Aeisha Mastagni from the California State Tea ... Show More
17m 47s
Sep 2022
Martijn Rats: Will Oil Prices Continue to Fall?
<p>While the global oil market has seen a decrease in demand, supply issues are still prevalent, leaving investors to question where oil prices are headed next.</p><p><br></p><p>----- Transcript -----</p><p><br></p><p>Welcome to Thoughts on the Market. I'm Martijn Rats, Morgan St ... Show More
3m 47s
Apr 2024
A ‘Hot’ Summer for Oil?
<p>Oil demand has been higher than expected so far in 2024. Our Global Commodities Strategist explains what could drive oil to $95 per barrel by summer.</p><p><br></p><p>----- Transcript -----</p><p><br></p><p>Welcome to Thoughts on the Market. I’m Martijn Rats, Morgan Stanley’s ... Show More
3m 4s
Apr 2020
A Glut in Oil
<p>Something weird happened last week. It was something that millions of people who have faced years of painful prices at the gas pump never expected: The cost of a barrel of oil dropped into the negatives. Today, we explore why this happened, and what it reveals about the state ... Show More
27m 23s
Nov 2021
U.S. to Tap into 50M Barrels of Reserve Oil to Tame Rising Gas Prices
DB-Nov 23,2021:The U.S. Department of Energy announced it will release 50 million barrels of crude oil from the Strategic Petroleum Reserve to battle gas prices and tame inflation. Gold and silver prices have also slipped lately – so it may be time to be bullish. Tony Greer joins ... Show More
41m 32s
May 2020
Oil Shock 2020
The oil price has crashed - for a while some producers were even paying customers to take it away. It's like no oil shock the industry has ever seen before. Lesley Curwen sets out to discover what difference cheap oil will make to our lives. Which jobs are at risk? Will there be ... Show More
28m 22s
Oct 2023
Chevron to Buy Hess for $53 Billion; How To Invest in China
Bloomberg Markets Anchor Alix Steel reports on Chevron agreeing to buy Hess for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels. Ben Harburg, Managing Partner of MSA Capital and Bloomberg News Global Econo ... Show More
50m 37s
Feb 2024
How Surging US Oil Output Is Being Moved and Stored
US oil production has surged to an all-time record of more than 13 million barrels produced per day. But where's all that crude actually going? And how is it being handled and stored? On this episode, we speak with Steven Barsamian, chief operating officer at the Tank Tiger, a cl ... Show More
41m 34s
Apr 2022
Michael Zezas: Will Gas Prices Come Down?
<p>As the U.S. government attempts to combat high gas prices by drawing on its oil reserves, investors should pay attention to the impacts on the U.S. economy and consumer behavior.</p><p><br></p><p>----- Transcript -----</p><p>Welcome to Thoughts on the Market. I'm Michael Zezas ... Show More
2m 17s