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Oil giants Exxon Mobil and Chevron have recently announced major acquisitions of oil companies, expanding their oil and gas assets. Some analysts see these acquisitions as big bets on a fossil-fueled future, while others argue the moves could be viewed as consolidation in an industry that may be on the decline. Those conflicting reads come amid similarly dueling…
Chevron is entering the Bakken Shale play in a big way through its $53 billion acquisition of Hess Corp. After closing, will the supermajor be in North Dakota to stay?