Just like the title says..
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I buy 92 octane gas all over the place. Hello?
If Chevron did purchase BP it would be a major blow to competition. When Exxon and Mobil merged they at least left the appearance that there was still competition in the market, both stations can be found nationwide. When Chevron purchases a competitor that rings the death knell for the brand. They bought Gulf and those disappeared, they bought Texaco and now there is only a handful of them still left, they shredded Unocal, got the patent for the 92 octane gas, sold off the 76 brand, and divested the rest, then restricted the patent on the gas so that only they can use it, which they don't, so no more 92 octane gas for anyone. All these things are visible in California, and recently I noticed that the Gulf brand must have been sold because Gulf stations are starting to reappear and I know that Chevron isn't running them.
BP realizes it has a major problem. Its plan was to migrate away from the politically incorrect hydrocarbons to green energy. Well it finally figured out you can't make your dividend payment on green energy. So the CEO has now flip flopped back to focusing on producing hydrocarbons to be more profitable. Problem is they do not like to take risks (No Dry Holes). That leaves M&A to save the company/shareholders. All large energy companies face the same problem, reserve replacement.
I love lamp
rumor has it that OP has zero iq
BP has appalling assets - the worst of any major by far. They would simply dilute our performance. There is no chance we buy them. They will go to Shell most likely, who will sell off the parts as they love trading.
These mergers don't have a cash-cost. They're equity deals that strike based upon accretion. Chevron can do as many is they can palatably digest, so long as the relative value supports such a move.
There's an argument to pacing deals. However, one could also argue that the footprint of HESS is sufficiently small (a couple nonop assets, a couple cored up unconventional assets) that the integration is immaterial (couple thousand employees).
OP the only part of the title that you missed is "Fake News" lol
Oh, now that is funny. It wouldn't pass scrutiny in really any country due to the size and market share of the combined company. Doesn't pass the laugh test.
It is extremely unlikely Chevron buys BP, the “£54.75 billion ($71.61 billion) oil major”, until the Hess deal is finalized and even then it’s unlikely. That merger alone cost $53 billion, which is still currently tied up in the courts. Buying BP would likely lead to even more lawsuits.
This reorg has always been about preparing for the next big M&A. The “benchmarking” is a total ruse for the servant class to internalize the shame of underperformance and take the medicine like the good lemmings we are.
https://www.cnbc.com/2025/04/15/oil-bp-is-seen-as-a-takeover-target-reigniting-shell-merger-rumors.html
Culture is set from the top. CVX needs a complete overhaul of their "leadership" (holding sarcasm sign here)