Occidental Petroleum Could Soon Follow Exxon and Chevron by Making a Needle-Moving Acquisition
The Motley Fool
DECEMBER 1, 2023
The potential deal would be the latest in a wave of merger activity in the oil patch. ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) closed multibillion-dollar acquisitions this year and have since agreed to even larger transactions. The Wall Street Journal reported that the oil giant was in the lead to buy the Permian Basin producer.
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