ConocoPhillips CEO: The system is under pressure but has not collapsed

Reuters, October 5th – Freight forwarding company C.H. Robinson Worldwide (CHRW.O) announced on Monday that it will acquire RXO (RXO.N) in a $5.8 billions stock-and-cash deal. RXO shares soared about 20% in pre-market trading, while C.H. Robinson shares fell nearly 4%. According to statements from both companies, RXO shareholders will receive $17.25 in cash per share as well as 0.0856 shares of C.H. Robinson common stock. The transaction is expected to be completed in the first half of 2027, pending regulatory and RXO shareholder approval. (For the convenience of non-native English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translated texts and provides them solely for readers' convenience. Reuters accepts no liability for any damages or losses caused by the use of the automated translation feature.)

Baker Hughes (BKR.US): The relevant agreement establishes a cooperation framework for upstream, midstream, natural gas commercialization, and liquefied natural gas (LNG) commercialization.

Baker Hughes (BKR.US) has signed a Memorandum of Understanding (MOU) with New Stratus Energy to collaborate on future oil and gas development projects.

Baker Hughes (BKR.US) has signed a cooperation agreement with Petróleos de Venezuela (PDVSA), Lindsayca, and Fulcrum LNG to expand natural gas infrastructure.