There's a post on TheLayoff.com/Chevron page about a rumor that XOM is buying CVX. (https://www.thelayoff.com/t/1flFNX1g) What say the TheLayoff.com/Exxon-Mobil folks?
8 replies (most recent on top)
My friend, you really need to perform a deep dive on Blackrock and Vanguard. They both laugh at the notion of investors going elsewhere.
@1cpe+1flpSSsN Umm no? You realize that this whole hype over Blackrock is a scapegoat right? If people/investors didn’t like how Blackrock went about their business, then pick a different index fund with identical weightings but different voting patterns? They vote the way they do because overwhelmingly the underlying investors want them to vote that way. They run a business.
As for Chevron or XOM buying each other, neither has the cash or value to do so. They could merge, but neither will buy the other unless some financial scandal or something just plummets one company specifically but not the other. Like a 70% drop for one and an increase for the other. Even then, it’s more likely that there’s not a merger, but just a shedding of assets by one that’s largely bought by the other. With the unwanted assets sold to someone else.
CVXer here. Nothing is going to happen until the ghouls at Blackrock, Vanguard, etc give it their blessing. They are only interested in accelerating the destruction of the industry because they believe that electric vehicles are the solution to everything. (Sort of like how some people think vegetables and meat are made in grocery stores)
Gasoline price a bit high for that
Me too
I was told by a close friend that this is true.
Any clown can post a rumor on an anonymous board.
EM should buy shares in CVX or CVS instead of repeating the share buyback fiasco...