Lots of murmurs from Oxy HQ as to direction and the possibility of some form of consolidation into the CVX umbrella. Berkshire recommends that this transaction occur before 2026 Midterms so there are no regulatory hiccups.
What do the CVX veterans think about this marriage? Certainly lots of advantages on both the GoA and Permian fronts.
100% agree. Traveled to SR for mtg and office supplies minimal (felt like a scavenger for a notepad). Houston no better. Seems like we are waiting to go through existing inventory and then “buh bye.”
The Oxy name will not even exist if Chevron and Oxy got togehter. Oxy is a 48 billion market cap company and Chevron is 336 billion. The Oxy name will just go away just like Hess and so many others over the last few years.
OxyChev or ChevOxy to show the dominant player? Or will Miss Vicky have her final sweet revenge eliminating the Chevron name all together (except for US retail)?
Buy reserve replacement, been doing it for years while overpaying an underperforming exploration group. That is a strategy, I guess!
New BH leadership is not the long view or contrarian. They are far more risk adverse and are being placed under the microscope after WB 50 year run…they need wins! And they always pick up CVX when it drops again to $66 a share. I dare some clown to say that’s impossible!
Chevron exploration will not deliver the discoveries for projects to deliver the required barrels to offset legacy declines. Full Stop 🛑 so the not so easier is purchase those barrels..
How do you know that BH even said this? Do you have a link to a site that discusses it?
Chevron should use some money for working toliets and office equipment. Its embarrassing how bad it is right now!
Berkshire looking after .... themselves ?
Lol zero chance. Oxy views CVX like Canada views thr US