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BOGOTA, Nov 9 (Reuters) - Colombia's National Liberation Army (ELN) guerrillas on Thursday freed the father of Liverpool soccer player Luis Diaz, after taking him hostage in the country's north nearly two weeks ago, the government said. Diaz was named in the Liverpool's starting lineup later on Thursday as the English team faces France's Toulouse in the Europa League. [1/5]Luis Manuel Diaz, father of Liverpool player Luis Diaz, waves after he was freed by Colombia's National Liberation Army (ELN), in Valledupar, Colombia November 9, 2023. Esteban Vanegas/Mision ONU (UNVMC)/Handout via REUTERS Acquire Licensing Rights"The current process with the ELN has advanced like no other until today. The government is trying to conduct negotiations with various armed groups, but discussions with the ELN are the most advanced.
Persons: Luis Diaz, Luis Manuel Diaz, Diaz, France's, Luis Diaz's father's, ELN, Liverpool, Esteban Vanegas, Mision, Cilenis Marulanda, Luis Jaime Acosta, Julia Symmes Cobb, Oliver Griffin, Toby Davis Organizations: National Liberation Army, Liverpool, Luton Town, Sunday, France's Toulouse, Europa League, Colombia's National Liberation Army, REUTERS Acquire, Catholic Church, Reuters, Thomson Locations: BOGOTA, Liverpool, Colombia's, Local, Valledupar, Colombia's Cesar, Colombia, La Guajira, Marulanda
Law firm Allen & Overy hit by 'data incident'
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Kacper Pempel/Files Acquire Licensing RightsLONDON, Nov 9 (Reuters) - Allen & Overy has suffered a "data incident", the London-founded law firm said on Thursday, after social media posts suggested it had been hacked by the Lockbit cybercrime gang. An Allen & Overy spokesperson said the firm had "experienced a data incident impacting a small number of storage servers", but its email and document management system had not been affected. The spokesperson also said Allen & Overy has suffered "some disruption", but that it continued to operate normally. Lockbit took credit for the hack and gave a deadline of Nov. 28 for Allen & Overy to negotiate, according to the criminal group's website on the dark web. The cyber attack on Allen & Overy follows last month's confirmation of its merger with U.S. law firm Shearman & Sterling, to create one of the world's largest legal practices.
Persons: Kacper, Overy, Lockbit, Allen, Wales –, Shearman, Sam Tobin, James Pearson, Sarah Young, Tomasz Janowski Organizations: Allen, Financial Times, Overy, Overy's, Boeing, Royal, Authority, Wales, U.S, Sterling, Thomson Locations: Warsaw, London, United States, Britain, England
The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012. It is the bank's third-biggest city in the European Union in terms of staff with 900 people, coming after Warsaw (1,200) and Dublin (more than 1,000). In the wake of Britain's exit from the European Union, JPMorgan bought a seven-storey building near its historic headquarters in the first arrondissement to house more employees. JPMorgan will commit $50 million of the $60 million investment and Bpifrance will provide 10 million euros ($10.66 million). The aim is to raise between 150 million euros to 200 million euros by the end of 2024, the U.S. lender said.
Persons: Shannon Stapleton, Bpifrance, Cartier, Louis Vuitton, JP Morgan, Jamie Dimon, Mathieu Rosemain, Anousha Sakoui, Louise Heavens Organizations: JPMorgan Chase's, REUTERS, Rights, JPMorgan, U.S, European Union, Gardens, Justice, Ritz Paris Hotel, Spark, JPMorgan Asset Management, Thomson Locations: New York, France, London, Paris, Europe, Warsaw, Dublin, U.S, Vendome, Spark France
[1/2] The branch of Credit Agricole bank is seen in Warsaw, Poland, July 3, 2018. Its net income jumped 33% to 1.75 billion euros ($1.87 billion), above the 1.37 billion expected by analysts in a company-compiled poll. Group revenue rose 19% to 6.34 billion euros, topping the 5.99 billion expected by analysts. It reported lower-than-expected provisions of 429 million euros, helping its bottom line. Credit Agricole controls Europe's largest fund manager Amundi (AMUN.PA) and recently announced plans to acquire Belgian wealth management firm Degroof Petercam.
Persons: Marcin Goclowski, Morgan, Amundi, Degroof, Mathieu Rosemain, Augustin Turpin, Silvia Aloisi, Jason Neely Organizations: Credit Agricole, REUTERS, Credit, Credit Agricole Group, Societe Generale, BNP, Deutsche Bank, Barclays, Thomson Locations: Credit, Warsaw, Poland, PARIS, Italy, France
FILE PHOTO-The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsTOKYO, Nov 8 (Reuters) - France's Renault (RENA.PA) has cut its stake in Nissan (7201.T) to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement, putting them on equal footing. The new agreement for the restructured alliance between Renault, Nissan and their junior partner Mitsubishi Motors (7211.T) came into effect on Wednesday, the car makers said in the statement. The companies had already said in January that Renault would put roughly 28% of Nissan in a French trust to make them more equal partners. ($1 = 0.9359 euros)Reporting by Daniel Leussink; Editing by Christian Schmollinger and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Gonzalo Fuentes, France's, Ampere, Daniel Leussink, Christian Schmollinger, Gerry Doyle Organizations: Renault, Nissan, REUTERS, Rights, France's Renault, Mitsubishi Motors, Mitsubishi, Thomson Locations: Le Coteau, France, London
Gaza Activist on Speaking Tour in France Faces Deportation
  + stars: | 2023-11-08 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
PARIS (Reuters) - A French court has approved the deportation of Palestinian activist Mariam Abudaqa, who came to France for a speaking tour in September and was put under house arrest after the Oct. 7 attack on Israel by Hamas militants. More than 10,000 people have been killed in Gaza by Israel's retaliatory assault on the enclave. "We are supposed to die without even saying ouch, without expressing pain," said Abudaqa of her arrest and speaking ban on Tuesday before the court decision came. The Conseil d'Etat, France's highest administrative court, based its ruling on Abudaqa's membership of the PFLP, stating that she occupies a "leadership" position. The court ruling does not specify by what date Abudaqa must leave and where she must go.
Persons: Mariam Abudaqa, overturns, Liberation of, Abudaqa, Pierre Stambul, hadn't, Layli Foroudi, Antonia Cimini, Christina Fincher Organizations: PARIS, Hamas, Popular Front, Liberation, Liberation of Palestine, Palestine, PFLP, Palestinian Liberation Organisation, PLO, UN, EU, Union of Locations: France, Israel, Palestine, Gaza, Union of French, Peace, Egypt
Adyen lowers mid-term sales target, aims to slow hiring
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +2 min
The Adyen logo is seen at the reception desk of the company's headquarters in Amsterdam, Netherlands August 24, 2018. "Overall targets are lowered from previous targets and while likely more realistic, they still look ambitious," Jefferies analysts said in a note. Adyen added it would aim to improve its core profit (EBITDA) margin to above 50% in 2026. This year so far, Adyen has lost about half its market value which currently stands at 21.58 billion euros. It said it would slow down hiring, and that it hired 175 full-time employees over the quarter, which was "substantially below" Jefferies' expectations.
Persons: Eva Plevier, Adyen, France's, Jefferies, Olivier Sorgho, Piotr Lipinski, Elaine Hardcastle, Josie Kao Organizations: REUTERS, Netflix, Spotify, Jefferies, New, Thomson Locations: Amsterdam, Netherlands, New York, U.S
Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBERLIN, Nov 8 (Reuters) - Siemens Energy (ENR1n.DE) expects more than 1 billion euros ($1.1 billion) in revenues over the medium-term from its hydrogen electrolyser manufacturing business, one of the company's board members said on Wednesday. Anne-Laure de Chammard spoke to journalists on the sidelines of the opening of Siemens Energy's first electrolyser factory in Berlin, a joint venture with France's Air Liquide (AIRP.PA). Asked about the progress of those talks, de Chammard said: "We will provide more information in a later moment." For the electrolyser project that aims to produce electrolyser capacity of up to 3 gigawatts per year, Siemens Energy has received 15 million euros ($16 million) in government funding for research and development, de Chammard said.
Persons: Dado Ruvic, Anne, Laure de Chammard, De Chammard, de Chammard, Riham Alkousaa, Christina Amann, Christoph Steitz, Mark Potter Organizations: Siemens Energy, REUTERS, Rights, Siemens, France's, Thomson Locations: Berlin
Italy beat France in BJK Cup Finals after two singles wins
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +1 min
[1/4] Tennis - Billie Jean King Cup Finals - Estadio de La Cartuja, Seville, Spain - November 8, 2023 Italy's Martina Trevisan celebrates during her match against France's Alize Cornet REUTERS/Marcelo Del Pozo Acquire Licensing RightsSEVILLE, Nov 8 (Reuters) - Singles wins for Martina Trevisan and Jasmine Paolini gave Italy victory over France in their opening Group D clash at the Billie Jean King Cup Finals in Seville on Wednesday. Trevisan recovered from a slow start to beat the experienced Alize Cornet 2-6 6-2 6-2 in the opening rubber. France will seek to at least get a point on the board in the later doubles. Italy have now beaten France five times in their last seven meetings in the flagship women's team competition. Later on Wednesday hosts Spain face Canada in the first action in Group C.Reporting by Martyn HermanOur Standards: The Thomson Reuters Trust Principles.
Persons: Billie Jean King, Martina Trevisan, France's Alize Cornet, Marcelo Del Pozo, Jasmine Paolini, Trevisan, Alize Cornet, Paolini, Caroline Garcia, Martyn Herman Our Organizations: La, Italy, France, Billie Jean King Cup, Wednesday, Spain, Thomson Locations: Seville, Spain, France, Italy, Canada
WIDESPREAD IMPACTAny shortfall in France's total power generation will have Europe-wide repercussions due to the scale of France's clean power supplies. Even with the rapid advances in clean power generation throughout most major European economies in recent years, France still accounts for over 25% of total clean power generation in the European Union, data from think tank Ember shows. The latest forecast for wind generation in Germany, Europe's largest wind power producer, calls for wind power generation to be 2.1% above the long-term average from November 2023 through to the end of February 2024, data from LSEG shows. Any drop in regional wind power output would also affect regional power flows by raising demand for imports into countries that may see a dip in local wind generation. In recent months, France's rising output of nuclear power has facilitated higher power market exports to neighbouring nations, including the United Kingdom and Italy.
Persons: Yves Herman Acquire, Gavin Maguire, Jonathan Oatis Organizations: EDF, REUTERS, Jan, European Union, Reuters, Thomson Locations: France, Cattenom, LITTLETON , Colorado, Russia, Ukraine, LSEG, Europe, EU, Germany, Europe's, United Kingdom, Italy
British Secretary of State for Defence Grant Shapps walks outside Number 10 Downing Street, in London, Britain, October 24, 2023. REUTERS/Hannah McKay Acquire Licensing RightsLONDON, Nov 7 (Reuters) - The British arm of defence firm MBDA has signed a 4 billion pound ($4.92 billion) deal to supply Poland with ground-based air defence systems, the British government said on Tuesday. Britain's Ministry of Defence said the partnership would boost Poland's Narew air defence programme and help bolster European security amid the conflict in Ukraine. "This is another crucial step forward for our historic defence ties with Poland, supplying next generation air defence capabilities to act as a clear deterrent to our adversaries," British Defence Secretary Grant Shapps said. The air defence system would be able to launch missiles at air threats such as cruise missiles and fighter jets at ranges of more than 40 kilometres, the ministry said.
Persons: Defence Grant Shapps, Hannah McKay, MBDA, Grant Shapps, Mariusz Blaszczak, Italy's Leonardo, Sachin Ravikumar, Alan Charlish, William James Our Organizations: State, Defence, REUTERS, Britain's Ministry of Defence, British, Airbus, Britain's BAE Systems, Thomson Locations: London, Britain, British, Poland, Ukraine, Poland's
[1/4] The logo of Smart Photonics is seen at their headquarters in Eindhoven, Netherlands, November 7, 2023. "Currently, the EU has a vibrant and growing integrated photonics industry, however, without volume manufacturing, testing and packaging capacity we are incredibly vulnerable to global events and the policies of competitor countries," Johan Veenstra, CEO of SMART Photonics, said at the summit. Currently most photonics chips, like most chips, are made in Asia, with important intellectual property in the U.S. The statement said low levels of European manufacturing and over-reliance on Asia in manufacturing and packaging, "threatens the EU's economic security and resilience". The statement was signed by Germany's XFAB and Aixtron, the Netherlands' SMART Photonics and Phix Photonics Assembly, VLC Photonics of Spain, France's Almae, and Switzerland's Ligentec, as well as PhotonDelta, a public-private partnership in the Netherlands devoted to funding photonics.
Persons: de Wouw, Johan Veenstra, chipmaker, VDL, Germany's XFAB, France's Almae, Switzerland's, Toby Sterling, David Evans Organizations: Smart Photonics, REUTERS, Rights, European Union, EU, SMART Photonics, photonics, SMART, U.S, Phix Photonics Assembly, Photonics, Thomson Locations: Eindhoven, Netherlands, Asia, United States, Spain
Love letters sent to French sailors have been opened for the first time in 265 years. For more than 265 years, these letters — along with more than 100 others sent to French prisoners — were left unread. A picture shows one of the long-lost letters addressed to french sailors over 265 years ago. Almost 20,000 French sailors were captured by the British military to thwart France's effort to crew their state-of-the-art ships during the Seven Year War. In 1758, out of 60,137 French sailors, a third were detained in Britain, according to the press release.
Persons: , Anne Le Cerf, Jean Baptiste Emmanuel Gilbert, Renaud Morieux, Marie Dubosc, Dubosc, Morieux, didn't Organizations: Service, British, National Archives, Cambridge University, Sciences Sociales Locations: French, Kew , London, France, Britain, Europe, North America, Africa, India, England
U.S. investors rebuff big oil climate shareholder resolutions
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +2 min
Netherlands-based activist group Follow This was created first to target Shell (SHEL.L) and subsequently expanded to file climate resolutions at other western majors including BP (BP.L), Exxon Mobil (XOM.N), Chevron (CVX.N) and TotalEnergies (TTEF.PA). According to the data published by it and investors, giant U.S. investors BlackRock (BLK.N), Vanguard, State Street (STT.N) and JPMorgan (JPM.N) all voted against the Follow This resolutions this year. "Investors hold the key to tackling the climate crisis with their shareholder voting power at Big Oil. Amundi, Allianz, and UBS use their voting power to mitigate the climate crisis,” said Follow This founder Mark van Baal. This mirrors big shareholder proxy voting firm Glass Lewis and ISS, which changed some of their recommendations for this year to the detriment of Follow This, including withdrawing support for the activist resolution at Chevron.
Persons: Morgan Chase, Mike Segar, France's, , Mark van Baal, Glass Lewis, Shadia Nasralla, Jan Harvey Organizations: Co, New York City, REUTERS, Companies Allianz, Big U.S, Shell, BP, Exxon Mobil, Chevron, BlackRock, Vanguard, State, JPMorgan, Paris, Britain's HSBC, HSBA.L, UBS, Germany's Allianz, Big Oil, Amundi, Allianz, Britain's, General, Exxon, ISS, Thomson Locations: New York, Big, Paris, Netherlands, Chevron's
PARIS, Nov 6 (Reuters) - France will send dozens of armoured vehicles to the Lebanese army so it can properly carry out patrol missions in the country, France's defence minister said in remarks published on Monday. "We will pursue our partnership with military equipment, notably for the transport of troops protected by armour, which is key to maintain patrols," he said, adding that several dozen armoured vehicles would be given to the Lebanese army soon. "Our support for the Lebanese army is for the long-term whatever the current difficulties," Lecornu added. Paris will also provide medicines and is setting up a joint programme to purchase medical supplies at reasonable prices for the Lebanese army in the future, he said. France has sought to use its historical relationship with Lebanon to try to defuse tensions between Israel and Hezbollah, but violence has spiked.
Persons: Lebanon's, Sebastien Lecornu, Lecornu, John Irish, Gareth Jones Organizations: Lebanese, United Nations, UN Interim Force, Thomson Locations: France, Israel, Iran, Lebanon, Paris, United States
Siemens loses London lawsuit over 2 bln stg HS2 contract
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A HS2 high-speed rail logo is displayed on a fence surrounding a construction site at Euston in London, Britain, July 30, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsLONDON, Nov 6 (Reuters) - Siemens (SIEGn.DE) on Monday lost a legal challenge over a 2 billion pound ($2.48 billion) contract to build a fleet of new trains for Britain's beleaguered HS2 high-speed rail project. HS2 said the contract, which includes a 12-year maintenance and services deal, was worth around 2 billion pounds when it was awarded. But Judge Finola O'Farrell dismissed Siemens' case on Monday, saying in a written ruling that Siemens had not established the contract was awarded unlawfully and the company was therefore "not entitled to any damages". Monday's ruling is a rare piece of good news for the controversial HS2 project, which was originally planned to link London to the north of England from 2026.
Persons: Hollie Adams, HS2, Finola O'Farrell, Rishi Sunak, Sam Tobin, Kirsten Donovan Organizations: REUTERS, Siemens, Siemens Mobility, HS2, Bombardier Transportation, France's Alstom, Hitachi, Alstom, British, Thomson Locations: Euston, London, Britain, England, Manchester, Birmingham
PARIS (AP) — French power network operator Enedis said Sunday that one of its technicians was killed as it battles to restore electricity to hundreds of thousands of homes in the wake of major storms. The 46-year-old man killed Saturday was working in a rapid-reaction force deployed in the Brittany region of northwest France that was battered Thursday by Storm Ciarán. Packing record-breaking winds and rain, the storm killed 14 people across Europe. French media reported that the technician was electrocuted while working on a power cable. Enedis said Sunday that it was still working to restore power to 112,000 homes in Brittany and another 25,200 in the adjacent Normandy region.
Persons: Enedis, Saturday, Storm Ciarán, Domingos Organizations: PARIS Locations: Brittany, France, Europe, Normandy
John Brunner and his wife, Manon, moved from Avignon, France, to Kyle, Texas, in 2022. The couple chose the area in part because California and Austin, Texas, were too expensive. The Austin area came up in our search. Kyle, Texas. Center Street, a main drag in Kyle, Texas.
Persons: John Brunner, Manon, Kyle, , wouldn't, Kyle We, I've, she's, Kyle Kyle Organizations: Service, Google Locations: Avignon, France, Kyle , Texas, California, Austin , Texas, United States, I'm, Chicago, Austin, South, Fredericksburg, Southern, City, Texas, From Illinois, America, Arizona, New Mexico, Woodstock , Illinois
Hotter and drier summers are making it harder for French cheesemakers to meet traditional standards. Cheeses that carry an AOP label, such as Camembert de Normandie and Roquefort, have to meet certain standards and quality levels. Now some cheesemakers are arguing those rules may need to be changed, as hotter and drier summers are killing some pastures. Other cheesemakers are experimenting to see how they can produce the same quality product and still meet the traditional rules, despite changes in the environment. French cheese is only the latest beloved food product threatened by climate change, which is making global food systems more vulnerable.
Persons: cheesemakers, French cheesemakers, Simon Bouchet Organizations: Service, New York Times, Times, National Oceanic, Atmospheric Administration Locations: Georgia, France, French, Normandie, Roquefort, Alaska
Societe Generale , France's third-biggest listed bank, posted better-than-expected quarterly earnings onFriday, as a resilient performance from its investment bank offset the steep downturn seen at its French retail division. SocGen's third-quarter reported group net income came in at 295 million euros ($313.2 million), above the 168 million-euro average of 13 analyst estimates compiled by the company. The bank has also finalised the merger of its two French retail networks. NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts. In this context, the 0.4% drop in sales seen at SocGen's investment bank, compares well with some of its European peers.
Persons: Slawomir Krupa Organizations: Generale, BNP, Deutsche Bank, Barclays
NII at the French retail division fell by 27% in the quarter, excluding two regulated savings accounts, "well below expectations," JP Morgan said in a note to clients. The French lender said it now saw NII of its French retail, private banking and insurance division falling by more than 20% in 2023. The French retail division's earnings also suffered from hedging contracts against the risks of low interest rates. SocGen's shares had edged up 0.6% by 0924 GMT. The bank has also finalised the merger of its two French retail networks.
Persons: Gonzalo Fuentes, JP Morgan, SocGen, Slawomir Krupa, Jefferies, Krupa, ALD, Mathieu Rosemain, Silvia Aloisi, Ingrid Melander, Emelia Organizations: Societe Generale, La Defense, REUTERS, European Central Bank, BNP, Deutsche Bank, Barclays, Thomson Locations: La, Paris, France
British oil giant Shell on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins. Profit was higher than the $5.1 billion of the second quarter, but marked a sharp decline from the $9.45 billion reported a year ago, when the Russia-Ukraine conflict bolstered oil and gas prices. The company also announced a $3.5 billion share buyback to be carried out over the next three months. Free cash flow fell from $12.1 billion in the second quarter to $7.5 billion. BP on Tuesday posted a year-on-year fall in third-quarter profit from $8.15 billion to $3.293 billion, below analyst estimates, though France's TotalEnergies slightly outperformed last week.
Persons: Wael Sawan, Shell, Sawan, France's Organizations: Shell, Energy, BP, International Energy Agency Locations: Alhambra , California, British, Russia, Ukraine, Saudi
PARIS (Reuters) - France will send a second French helicopter carrier off the coast of Gaza as it works with Israeli and Egyptian authorities to find a way to provide medical assistance to people affected by the bombings in the besieged area. Paris has already sent the Tonnerre carrier to the eastern Mediterranean on what President Emmanuel Macron described as a mission to support Gaza hospitals. Egypt this week began admitting limited numbers of wounded across its Gaza border. Speaking to France Info radio, Defence Minister Sebastien Lecornu said the helicopter carrier Dixmude would also now be heading to the region. He said he hoped that France's decision to send ships would encourage others to do so therefore creating critical mass.
Persons: Emmanuel Macron, Sebastien Lecornu, Lecornu, John Irish, Sudip Kar, Gupta, Jonathan Oatis Organizations: PARIS, Defence Locations: France, French, Gaza, Paris, Egypt
Kazakh President Kassym-Jomart Tokayev shakes hands with French President Emmanuel Macron during a meeting in Astana, Kazakhstan November 1, 2023. Press service of the President of Kazakhstan/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. At a meeting with Kazakh President Kassym-Jomart Tokayev, Macron complimented Astana for refusing to side with Moscow on Ukraine and said the two countries planned to sign significant business deals. In addition to oil, Kazakhstan is a major exporter of uranium, and France's Orano already operates a joint venture with its state nuclear firm Kazatomprom. "We can call your visit historic, very important," Tokayev told Macron.
Persons: Kassym, Emmanuel Macron, Macron, Sergei Lavrov, France's, Tokayev, Tamara Vaal, Olzhas, Jason Neely Organizations: Press, Rights ASTANA, Kazakh, Astana, United Nations, Soviet Central, Foreign, Moscow, Thomson Locations: Astana, Kazakhstan, Handout, Central Asia, Ukraine, China, Europe, Russia, Moscow, Uzbekistan, Western, France
US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
Earlier this month, Exxon proposed to buy Pioneer Natural Resources (PXD.N) for $60 billion and Chevron agreed to acquire Hess (HES.N) for $53 billion. The Democratic Senate leader said in a letter that the two of the largest oil and gas deals of this century are "likely to harm competition." Chevron and Exxon have accumulated huge profits from strong energy prices and demand since Russia's invasion of Ukraine. The oil industry last went through an era of major consolidation in the late 1990s when Exxon, Shell (SHEL.L), BP (BP.L) and France's TotalEnergies (TTEF.PA) merged with rivals to create huge integrated companies. The acquisitions followed a collapse in oil prices that weakened many companies.
Persons: Dado Ruvic, Charles Schumer, Hess, Schumer, France's, Tanay Dhumal, Arunima Kumar Organizations: ExxonMobil, Pioneer, REUTERS, U.S, Wednesday, U.S . Federal Trade Commission, Exxon Mobil, Chevron Corp, Exxon, Natural Resources, Chevron, Democratic, Shell, BP, FTC, Big, Thomson Locations: Ukraine, United States, Bengaluru
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