Chevron and Exxon Bet Big on Oil and Gas With Multi-Billion-Dollar Acquisitions

FuelNuts & BoltsNetwork AssociationBehind the Wheel
Written By Jennifer Joslyn

Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy. Both companies recently announced multi-billion-dollar acquisitions, indicating their belief in continued demand for hydrocarbons. Factors such as population growth, economic expansion in emerging economies, and the long-term viability and cost-effectiveness of oil and gas play a role in their strategy. Additionally, geopolitical considerations and the ability to tap into known reserves quickly are influencing these acquisitions.

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Jennifer Joslyn
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