The FTC is investigating Chevron’s $53 billion proposed deal to buy Hess, the second-biggest oil megamerger this year wsj.com/finance/ftc-pr… via The Wall Street Journal

Charif Souki undermined industry powers with exuberant and unwavering mercantilism. His faith had a logical foundation: the storms in his remarkable career were often chased by sunlight. Souki out as exec chairman of Tellurian. Via ⁦Benoît Morenne⁩ wsj.com/business/energ…

Rebecca Smith, who worked at the WSJ for more than 20 years, has died. She was one of the smartest journalists to cover power & utilities. Many of you have read her work (think CA energy crisis, Enron and PG&E). A thread about a reporter I really admired: wsj.com/business/media…

President Biden’s release of oil from America’s petroleum reserves in 2022 turned the White House into an active player in the volatile crude market, via David Uberti wsj.com/business/energ… via The Wall Street Journal

The amount of $ Exxon and Chevron forked over to shareholders last year was "more than either spent in the oil patch and they dwarf what the companies have committed to invest in new low-carbon ventures," The Wall Street Journal's Collin Eaton + jenny strasburg report. wsj.com/business/energ…

Venezuela is backing up its threats to annex an oil-rich part of Guyana by moving light tanks, missile-equipped patrol boats and armored carriers to the two countries’ border wsj.com/world/americas… via The Wall Street Journal

.The Wall Street Journal Scoop: Endeavor Energy, a West Texas fracking giant that Exxon, Shell and Pioneer all considered buying in recent years, is merging with Diamondback to create $50 billion Permian-only driller Lauren Thomas Laura Cooper Benoît Morenne wsj.com/business/deals…… via The Wall Street Journal

Christian oil billionaire Tim Dunn has ripped up Texas politics, funding groups pushing Republicans to further extremes. His next move? To do the same nationally, as he works to assemble a Trump "administration in waiting" wsj.com/politics/polic… w/ Collin Eaton Benoît Morenne

Oil billionaire Tim Dunn, a self-described activist Christian, wants to shake up the national Republican Party much like he did the Texas one. The mission: to perpetuate Trump-era policies. on.wsj.com/3SXEGMi on.wsj.com/3SXEGMi

NEW: Chevron warned investors Monday that Exxon Mobil and China’s Cnooc are asserting they have a right to pre-empt the company’s bid for a stake in a prolific oil project off Guyana, a big part of its $53B megadeal to buy Hess. wsj.com/business/energ… via The Wall Street Journal

Exxon Files for Arbitration Over Chevron’s Deal for Hess wsj.com/business/energ…

BP, the Paleogene and why the Gulf of Mexico--site of triumphs and tragedy for the British company--is such a big focus for the supermajor. BP Bets Big, Again, On the Gulf of Mexico wsj.com/business/energ… via The Wall Street Journal

Curve ball: conditions Collin Eaton Exxon Mobil is set to close its $60 billion megadeal for Pioneer Natural Resources following an agreement with antitrust enforcers not to add Pioneer CEO Scott Sheffield to its board of directors wsj.com/business/energ… via The Wall Street Journal

FTC: The appointment of Sheffield to Exxon’s board would give him a larger platform from which to advocate for industrywide coordination. FTC says Pioneer ex-CEO attempted to collude w/ OPEC reps & raise oil prices. Benoît Morenne Collin Eaton wsj.com/business/energ… The Wall Street Journal

Exxon's CEO struck out against proponents of several shareholder resolutions today. He accused one of having a “well-documented anti-oil-and-gas agenda” and said for 3rd consecutive year was “asking us to waste our investors’ time and resources." wsj.com/livecoverage/s… via @wsj

Russian prosecutors approved an indictment of WSJ reporter Evan Gershkovich, falsely accusing him of espionage and referring his case to a trial court wsj.com/world/russia/w… via The Wall Street Journal

EVAN FREED wsj.com/world/russia/e… via The Wall Street Journal

One of the boldest acts of sabotage in modern history started with a drunken night out. This is the true story of the Nord Stream explosions. wsj.com/world/europe/n… via The Wall Street Journal

Days after Venezuela’s Nicolás Maduro declared electoral victory and began cracking down on dissenters, Chevron told White House and State Dept officials it should keep pumping oil there. wsj.com/business/energ… via The Wall Street Journal