Chevron,ExxonMobil Take Opportunistic M&A Approach

摘要

AS INDUSTRY WATCHERS await the next blockbuster shale company merger in the Permian Basin,two of its biggest players are sticking with an”opportunistic approach”to deals.”We’re not under any pressure to transact,and I think we demonstrated that earlier this year-not to name any specific situations-but I think we proved that out,”Jeff Gustavson,vice president of Chevron Corp.’s Mid-continent business unit,told attendees of Barclays 2019 CEO Energy-Power Conference on Sept.4.”That said,we’re always looking.We’ll take an opportunistic approach,like we always have,to M&A,and that includes what’s going on in the Permian Basin.I’m not saying we will transact,but we’re always looking.”Darren Woods,CEO and chairman of ExxonMobil Corp.,said that consolidation in the Permian is likely,but that the company is in no hurry.