The deal, billed as a merger of equals, comes amid a surge in demand for copper, a crucial component in technology, from data centers to electric vehicles.
The oil giant said Tuesday that it was acquiring assets from a Chicago company as it looks to start producing graphite, a key battery ingredient, by the end of the decade.
Reservoir, led by Golnar Khosrowshahi, has acquired the majority of music rights owned by the Davis estate ahead of the jazz master's centennial next year.