Commentary: Chevron’s $53 Billion Deal is Risky Exxon Copycat

(Reuters Breakingviews) – Chevron  has decided, like Exxon Mobil, that it’s better to discover oil on the New York Stock Exchange than drilling in the ground. The $318 billion oil giant said Monday it would buy New York-based Hess  for $53 billion in an all-stock deal. The transaction is more speculative than Exxon’s $60 billion plunge into … Read more

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