U.S. oil giant Chevron has finalized a deal to acquire competitor Hess for $53 billion (£44 billion) in the latest significant oil merger in the nation.
Coal is king: Mining giant Glencore has made record profits
Mining company Glencore reported a record profit of $34.1bn (£28.2bn) last year, largely driven by its coal and trading divisions.
Glencore (LON:GLEN) return extra $4.5 bln to shareholders after record earnings
Glencore, a miner and trader, announced Thursday that it will return $4.5 billion to investors. This includes a $3 billion share buyback. The company reported a record-breaking half-year profit, largely