A $100 billion question: Will Exxon or Chevron go shopping in Europe?3 min read . Updated: 01 Feb 2023, 07:12 PM IST
European oil majors’ growing discounts to the US companies should spur cross-border M&A talks
US oil companies Chevron and Exxon Mobil are swimming in cash. Meanwhile, their stock-valuation premium over European peers is becoming wider. At what point should they acquire a peer rather than buy back their own comparatively expensive shares?
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