Replying to thj+1iMMNq1x
Why do you think neither XOM or CVX haven't stopped the bleeding? Both companies get small enough, the SEC can't use the argument "you'll layoff too many people". Who will they layoff if everyone resigns before a merger/acquisition? I have my money on that EM will divest portions of the company. Lean, mean operating machine.... Reduction in employees and changes in company organization. Perfect for a merger.
Only way it would work is to eliminate 7/8 of the Exxonmobil sls.
Yeah, no more XTO by name, it's now called "Uncoventional". The unconventional step child.
Just a clarification fixation for some post into this post. XTO does not exist anymore since 2017. The only thing the remain is the name ( matter of business). Sad but true, EM wiped out all related to XTO.
Never going to happen. Regulators will see to it that no o&g supermajor emerge that could actually control the consumer pain.
Lol about a CVX merger changing our work environment. Ask legacy Mobil folks how that “merger” changed things for Exxon or Mobil.
I’d grasp at straws for hope of a better work environment right now.
Fewer heads to roll, i guess.
@gjv Hey that was some serious juice and I haven’t shared that thread anywhere. The juice sells itself
Anyone thinks that any agency will get in the way of a merger don't know what they're talking about. If a merger has been deemed a strategic US advantage during this time of world dedollarization and the unraveling of the petrodollar, a merger will happen.
EM upstream might be looking at companies with operations in GOM as EM has very little success finding any new fields there and now very little presence.
Merger with CVX? Not in the current political landscape. Most likely will involve an upstream operator with a large Permian footprint like EOG, Pioneer, or Devon. Permian is the only place EM can grow in the upstream and they’re desperate to acquire more considering their quickly dwindling inventory. Permian is also very forgiving, which provides a safety net since EM is so horrible at UNCON and has fired, PIP’d or layed off most heritage XTO ppl that were the only ones at EM that had a clue. Sad state of affairs really, the talent drain of XTO.
@OP Doesn’t matter because it isn’t happening.
Somebody started a thread last week called “juicy rumors” and has since been spamming the Exxon/Chevron boards with merger rumors.
There’s already too much pushback on high gas prices. The public outcry would be too much. Now in 2020, this would’ve actually possible.
It would work if the companies split out lots of businesses - avoiding monopoly situation. However, this would be a multi-year nightmare across several types of business. But here’s a thought, what about an acquisition of an upstream company?? ExxonMobil’s upstream portfolio is pretty slim so acquiring a co with a decent upstream portfolio would make a lot of sense. Hess anyone got any feedback?
Enough with this stupid questions, everyone and their aunt knows there will not be a merger of this kind - SEC would never allow it because the both companies are too big.
Probably would work decently well for shareholders, definitely not for employees