Chevron and ExxonMobil raids open a 'new era of oil mega mergers', say analysts

Analysts and commentators say more M&A activity looks inevitable

C-suite discussions: Hess chief executive John Hess (left), with Chevron chief executive Mike Wirth on the floor of the New York Stock Exchange on Monday.
C-suite discussions: Hess chief executive John Hess (left), with Chevron chief executive Mike Wirth on the floor of the New York Stock Exchange on Monday.Photo: REUTERS/SCANPIX
Published 24 October 2023, 08:50Updated 24 October 2023, 13:01