#shale oil

oil production cuts

Oil market comfortably supplied despite OPEC+ cuts: Insight

Production restraint by OPEC+ allies has been more than offset by output growth from US shale firms and other sources

chevron

Chevron to buy Hess for $53bn in latest oil mega-merger

The combined companies expect to generate about $1bn in cost synergies within a year of its closing

Exxon mobil

Exxon leads in top US oilfield with $60bn buy of shale rival Pioneer

The deal combines the largest US oil company with one of the most successful names to emerge from the shale revolution

OPEC

OPEC oil export revenue was highest in almost a decade last year

OPEC+ nations are engaged in production cuts to balance prices in crude markets