Chevron, Exxon’s latest buys could herald a new era of oil megamergers
Marathon Petroleum’s oil refinery in Anacortes, Washington. David Ryder | Reuters Energy heavyweights Chevron and Exxon Mobil announced shiny new acquisitions this month — and some industry watchers say it could be the start of more multibillion megadeals to come. Chevron on Monday said it’s buying Hess for $53 billion in stock, allowing Chevron to … Read more