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Chevron and Exxon may have launched an oil land grab
Chevron and Exxon may have launched an oil land grab
The smell of mergers and acquisitions is in the air after oil megadeals worth more than $110 billion this month…ChevronIt is purchase agreement Hesse and Exxon Mobil’s deal for the Permian giant Pioneering natural resources. Who’s next?
Negotiations are already underway. Devon Energyanother major Permian producer, would aim to target in particular Marathon Oil And CrownRock, according to a Bloomberg report. Gas producer Chesapeake Energy would consider purchasing South West Energyaccording to Reuters.
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