The scent of mergers and acquisitions is within the air following greater than $110 billion price of oil megadeals this month—Chevron’s settlement to purchase Hess and Exxon Mobil’s deal for Permian large Pioneer Pure Sources. Who’s subsequent?
Deal talks are already underneath means. Devon Power, one other prime Permian producer, is alleged to be eyeing targets that embrace Marathon Oil and CrownRock, in response to a report from Bloomberg. Gasoline producer Chesapeake Power is reportedly contemplating an acquisition of Southwestern Power, in response to Reuters.
Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
