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IOC News

InterOil pricing period likely underway as Exxon vote looms

Exxon broke up a transaction between InterOil and Oil Search last July that would have resulted in the sale of shared assets in a Papua New Guinean.

Jim Cramer ExxonMobil's Bid for InterOil Is 'Anything but Conservative'

Jim Cramer says ExxonMobil's $2.2 billion bid for InterOil isn't that much money for Exxon, but is 'anything but conservative.'

ExxonMobil gains upper hand in InterOil bidding

Thwarted bidder Oil Search has until July 21 to lift its offer, and says it still sees 'very material benefits' from the purchase.

5 things you must know before the market opens Monday

U.S. stock futures are pointing higher Monday ahead of earnings from the banking and tech sector and as investors largely shrug off a failed coup attempt in Turkey.

Exxonmobil holds the cards to fold Oil Search's bid for Interoil

Oil Search's bid is underwater and in the wrong currency, while Exxon is better positioned to squeeze cost savings out of a deal.

Breaking News

Ford Makes a Major Change

The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.

Tesla Q2 Deliveries Slump To 254,695 As Shanghai Shutdown, Supply Chain Snarls Take Toll

Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.

Summers, Others Cite Growing Chance of Recession

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

Coinbase Faces A New Scandal

The platform denies selling proprietary customer data and announces it is expanding into several European countries.