Rivalry and Cooperation: The Chevron and Exxon Conflict

Earlier this summer, energy supermajor Chevron secured access to one of the most valuable oilfields in the world. It was the culmination of a months-long battle that pitted America’s second-largest oil company against the largest, ExxonMobil. The FT’s US energy editor, Jamie Smyth, looks at what Chevron aims to do next, and how it plans to take on its larger rival.   

Clips from CNBC, Bloomberg

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Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.

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For further reading:

Chevron prepares for US oil supermajor battle with Exxon 

Chevron seals $53bn Hess takeover after Exxon fails to torpedo deal

For further listening … Our Behind the Money episode on Guyana from 2024: 

Will Exxon make or break Guyana?

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Follow Jamie Smyth on X (@JamieSmythF) and Bluesky (‪@jamiesmythft.bsky.social‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. 

Read a transcript of this episode on FT.com

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