U.S. supermajor Chevron Corp. is acquiring Hess Corp. in a $53 billion megadeal less than two weeks after Exxon Mobil unveiled a nearly $60 billion Permian Basin acquisition. And experts think the historic run of oil patch consolidation is far from over.
By David French (Reuters) - Exxon Mobil and Chevron are flush with cash yet their acquisition targets are taking stock as the only form of payment, an.
Exxon Mobil and Chevron are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the two largest U.S. energy companies to clinch.
Analysis-Cash-Rich Exxon, Chevron Use Stock for Mega Deals Amid Energy Market Jitters usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.