Shares of integrated oil and gas companies are trading higher amid energy price gains due to concerns that the U.S. and Iran aren't making meaningful headway in negotiations to reopen the Strait of Hormuz peacefully and without transit fees.

Cenovus Sees An Opportunity To Increase Production From Leismer To More Than 60K Barrels A Day

Cenovus Bets $4 Billion on Athabasca in Oil Sands Power Play

CVE stock dips as Cenovus Energy agrees to buy Athabasca Oil for C$12 per share in a C$5.7B cash-and-stock acquisition.

Cenovus Energy shares are trading lower after the company announced it will acquire Athabasca Oil.

Cenovus announces agreement to acquire Athabasca Oil Corporation

Cenovus Energy announced a definitive agreement to acquire Athabasca Oil Corporation in a cash and stock transaction valued at $5.7 billion. The acquisition adds approximately 45,000 barrels of oil equivalent per day and includes high-quality oil sands assets with over 75 years of proved plus probable reserves life. Cenovus expects to realize $85 million in annual synergies and plans to close the transaction in December 2026, subject to regulatory approvals and shareholder approval.

Robinhood's Investment Chief Says She Prefers Owning Energy Stocks Over ETFs — Should These Stocks Be on Your Radar?

Robinhood’s Chief Investment Officer Steph Guild favors individual energy stocks over ETFs to invest in the energy sector.

Chevron To Divest Its Ownership Interests In Hess Midstream And DJ Basin Crude Midstream Assets; Revised Agreements Expected To Reduce Bakken Unit Midstream Costs By About 50%; To Transfer Hess Midstream Interests And DJ Basin Assets For $200M Cash

Chevron Corporation (NYSE:CVX) announced today that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (NYSE:HESM) to restructure the terms of its Bakken midstream