Why an ExxonMobil-Chevron Mega Merger is Unlikely to Happen
Why an ExxonMobil-Chevron Mega Merger is Unlikely to Happen Zacks.com 2/3/2021 ExxonMobil XOM and Chevron CVX surfaced recently, with sources claiming that sometime last year the CEOs had explored a potential combination of the nation’s largest and second-largest energy companies. The rumored consolidation talk was triggered by the coronavirus-led slump in fuel demand and prices. On paper, ExxonMobil and Chevron — both carrying a Zacks Rank #3 (Hold) — fit together seamlessly. As far as similarities are concerned, both are fully integrated, meaning they participate in every aspect re...