THE ANALYSIS: Cash-Rich Exxon, Chevron Use Stock for Mega Deals Amid Energy Market Jitters

(Reuters) – Exxon Mobil and Chevron  are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the two largest U.S. energy companies to clinch transformative deals despite volatile oil and gas prices. Chevron said on Monday it would acquire Hess  in a $53 billion all-stock deal, less than … Read more

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