Shareholder

The final shareholder vote won’t be revealed for a few more days, but Chevron Corp. CEO Dave O’Reilly on Wednesday announced that the long-sought merger between his company and Unocal Corp. is completed, and will translate into a 1-2 cent earnings per share increase in 2006.

Influential proxy firm Institutional Shareholder Services (ISS) on Monday recommended Unocal Corp. shareholders vote for a merger with Chevron Corp., citing the “highly uncertain” nature of the offer by China Offshore Oil Co. Ltd. (CNOOC). Unocal shareholders will vote on Chevron’s $17 billion cash-and-stock offer Aug. 10.

With shareholder approval, Royal Dutch Petroleum and Shell Trading & Transport officially merged on Tuesday, ending a dual corporate structure that had lasted more than 100 years.

Cimarex Energy Co.’s $1.6 billion purchase of Irving, TX-based Magnum Hunter Resources was completed last week after shareholder approval. The deal grew out of a decision last fall by Magnum Hunter CEO Gary Evans to retire and examine strategic alternatives for the company.

Dynegy Inc. on Friday reached a comprehensive settlement agreement related to two shareholder lawsuits over “Project Alpha,” a dubious structured natural gas transaction that ultimately helped force the resignation of founder and CEO Chuck Watson and was a factor in the company’s massive restructuring.

Dynegy Inc. on Friday reached a comprehensive settlement agreement related to two shareholder lawsuits over “Project Alpha,” a dubious structured natural gas transaction that ultimately helped force the resignation of founder and CEO Chuck Watson and was a factor in the company’s massive restructuring.

Kerr-McGee Corp. filed a lawsuit against financier and shareholder Carl Icahn and his associates on Thursday, hours after Icahn sent a letter to CEO Luke Corbett urging the company to end its exploratory deepwater drilling program because it was costing the shareholders money.

Shareholder approvals in hand, Dallas-based Pioneer Natural Resources Co. and Evergreen Resources Inc. last week completed their $2.1 billion merger. Evergreen, which will keep its Denver offices as a base of operations for Rocky Mountain operations, is now a Pioneer subsidiary.

Shareholder approvals in hand, Dallas-based Pioneer Natural Resources Co. and Evergreen Resources Inc. on Tuesday completed their $2.1 billion merger. Evergreen, which will keep its Denver offices as a base of operations for Rocky Mountain operations, is now a Pioneer subsidiary.