• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Chevron and ExxonMobil reportedly held talks about a merger

1st February 2021 Matthew Patridge

Chevron and ExxonMobil reportedly held talks about a merger Pin It

The CEOs of the American oil and gas companies Chevron and ExxonMobil reportedly held talks about a merger last year. After the pandemic decimated the demand for oil and gas, Mike Wirth of Exxon and Darren Woods of Chevron gathered to discuss the possibilities of joining the forces.

That’s what The Wall Street Journal writes based on insiders. According to the newspaper, the talks between the oil savings were still exploratory in nature. Equally, this could be the beginning of one of the biggest corporate mergers ever.

A deal between Chevron and Exxon would reunite the two greatest descendants of the oil monopoly Standard Oil Of John D. Rockefeller. Standard Oil was just split up by the American regulators in 1911.

The merger could have a combined market value of USD 350 billion. Exxon currently accounts for $ 190 billion, whereas Chevron would be worth $ 164 billion. Together, the companies would probably be the second largest oil group in terms of value and production. Saudi state oil company Saudi Aramco remains the number one.

Similarly, according to the newspaper, a merger could come up against objections in terms of regulation and market power. Especially now that Joe Biden is sworn in as president of the United States. According to the newly-appointed president, climate change is one of the biggest crises facing the country. Biden said earlier that the country should make a “transition away from the oil industry”.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Ryanair expects a loss…

In Money Matters

Ryanair expects a loss of €950 million this financial year

View Post

Next Post

Moonpig has seen a 20…

In Money Matters

Moonpig has seen a 20 percent share price surge in a day, but it isn't Reddit traders to thank for

View Post

In Money Matters

Dr. Martens: in times of crisis, iconic brands score

View Post

In Domestic Affairs

Regulator publishes Trend Report on accountancy

View Post

In IT, Innovation and Startups

AI’s can’t claim patents for ‘their’ inventions, US court decided

View Post

Facebook.coin

In IT, Innovation and Startups

For now Meta may rest assured that EU regulation won’t harm the personal data trade

View Post

Newsletter

Latest News

Facebook.coin

View

For now Meta may rest assured that EU regulation won’t harm the personal data trade

12th August 2022

View

AI’s can’t claim patents for ‘their’ inventions, US court decided

10th August 2022

View

Regulator publishes Trend Report on accountancy

8th August 2022

View

Dr. Martens: in times of crisis, iconic brands score

8th August 2022

In Domestic Affairs

Crisis at P&O Ferries could affect independent UK retailers

View Post

In Domestic Affairs

Authorities seize one of P&O Ferries ships

View Post

The former president of Kazakhstan N. Nazarbayev (L) and Aslan Musin (R)

In Foreign Affairs

Aslan Musin, an elusive kleptocrat from Kazakhstan, provided falsified records to obtain EU citizenship

View Post

In Money Matters

Sainsbury’s sends British jobs to India

View Post

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019-2022 Talk Finance - All Rights Reserved.

[email protected].com