US EditionOil Majors To Consolidate: Watch For Further M&A Activity Across Sector In 2024 - Chevron (NYSE:CVX), BP (NYSE:BP)
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Oil Majors To Consolidate: Watch For Further M&A Activity Across Sector In 2024 - Chevron (NYSE:CVX), BP (NYSE:BP)
The oil and gas production sector has already seen some mega deals in 2023 and merger and acquisition (M&A) activity is expected to continue into 2024 as the oil majors seek new growth opportunities. Exxon Mobil (NYSE:XOM) announced in October an agreement to acquire Pioneer Natural Resources (NYSE:PXD) in an all-stock transaction worth nearly $60 billion. Later in the same month Chevron (NYSE:CVX) announced a similar stock deal to buy Hess (NYS…
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