MARKET COMMENTARY Chevron Builds Global Shale Portfolio Through Stealth ... and Luck

摘要

Discussions of potential consolidation in the US unconventional oil and gas sector tend to feature a myriad of potential buyers, but Chevron has long been a perennial favorite. The California-based major is often viewed as a latecomer to this booming segment of the oil patch and underexposed relative to its integrated peers. But that assertion ignores the aggressive efforts Chevron has made to build a sweeping unconventional profile internationally, as well as some fortuitously placed legacy assets back home.