Exxon and Chevron to Drill for Gas in Algeria Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX), the two largest U.S. oil and gas companies, are close to signing deals with Algeria’s state-owned energy company Sonatrach to drill for natural gas in the North African country, The Wall Street Journal reported on Friday . The…

Oneok, a large U.S. energy company, announced on Sunday that it would buy Magellan Midstream Partners, a smaller rival that owns pipelines and storage facilities for refined products, for $14 billion. The deal, which includes cash and equity, would create one of the biggest U.S. energy transporters and storers, with a combined market value of…

Pembina Pipeline (NYSE:PBA) declares CAD 0.6675/share quarterly dividend, 2.3% increase from prior dividend of CAD 0.6525. Seeking Alpha

The Western world’s largest oil companies rocketed to record earnings last year as energy prices soared following Russia’s invasion of Ukraine. This year, investors fear an economic slowdown could suppress energy prices, while rising supply-chain costs have steadied at high levels. This suggests Exxon and Chevron’s cash gusher peaked last year, investors said. The oil giants still pocketed hefty…

The Board of Directors of Sonoco (NYSE: SON) today increased its quarterly common stock dividend by approximately 4 percent to $0.51 per share from the previous quarterly distribution of $0.49 per share. This new dividend will be paid on June 9, 2023, to shareholders of record as of May 10, 2023. With this increase, Sonoco’s annualized dividend payout moves to $2.04 per share from $1.96 per…