The Limited Times

Now you can see non-English news...

ExxonMobil, Chevron and the temptation to merge

2021-02-15T19:10:23.658Z


The two US oil giants could resume the merger talks interrupted last spring. Is the time for big maneuvers in oil and gas back? The historic crisis experienced by the sector has in any case reactivated old reflexes. The Anglo-Saxon press revealed at the end of January that the two American oil giants, ExxonMobil and Chevron, had started merger discussions in the spring of 2020. Before interrupting them for unknown reasons. Read also: 2020, the nightmarish year of the oil


Is the time for big maneuvers in oil and gas back?

The historic crisis experienced by the sector has in any case reactivated old reflexes.

The Anglo-Saxon press revealed at the end of January that the two American oil giants, ExxonMobil and Chevron, had started merger discussions in the spring of 2020. Before interrupting them for unknown reasons.

Read also:

2020, the nightmarish year of the oil majors

The information has not been confirmed by those concerned.

But, if the economy has since recovered, the boss of Exxon specified, during the presentation of the group's results, two weeks ago, that he was looking for acquisitions that would allow him

"to create value. , a unique value ”

.

Some have taken this exit as a pole stretched to Chevron.

However, some analysts wonder about the reaction that the competition authorities would have to such a project.

If ExxonMobil and Chevron came together, then it would be the biggest merger in business history.

She would recreate

This article is for subscribers only.

You have 67% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-02-15

You may like

Trends 24h

News/Politics 2024-04-18T09:29:37.790Z
News/Politics 2024-04-18T14:05:39.328Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.