Kinder Morgan to Acquire NextEra Energy Partners' Texas Pipelines, Exxon and Chevron's Share Prices Decline, New Shale Oil Chief Appointed at Exxon

Kinder Morgan, a U.S. pipeline operator, will acquire NextEra Energy Partners' gas pipelines in South Texas for $1.82 billion. The sale represents a 10 times multiple on the estimated adjusted core profit for the portfolio. Exxon Mobil and Chevron's megadeals have seen their share prices decline after announcing their acquisitions. Bart Cahir will be returning as the senior vice president of Upstream Unconventional at Exxon Mobil, replacing the former head of the company's shale oil and gas business who was arrested on a sexual assault charge.