Tuesday, July 7, 2026

Trump administration gives energy companies another three months in Venezuela

Source: Houston Chronicle The Trump administration has given five energy companies with headquarters or major operations in Houston permission to stay in Venezuela another three months despite harsh economic sanctions designed to unseat strongman Nicolas Maduro. In a Monday afternoon decision, the U.S. Treasury Department on Monday granted waivers to Chevron, Schlumberger, Halliburton, Baker Hughes and Weatherford — allowing them

https://www.reuters.com/article/us-marathon-pete-results-activists/marathon-heads-into-earnings-targeted-by-activist-investors-idUSKBN1X920W-oag360

Marathon Petroleum mulls selling two refineries: Bloomberg

Source: Reuters (Reuters) – U.S. refiner Marathon Petroleum Corp, which is under pressure from activist investor Elliott Management Corp, is considering the sale of two plants in Alaska and Utah, Bloomberg reported, citing people familiar with the matter. Elliott urged Marathon to split into three companies in September, saying that would boost shareholders’ value by as much as $40 billion,