Behind the Money Big Oil’s big bet
Nov 1, 2023
This podcast discusses the recent major acquisitions in the American oil and gas industry made by Chevron and ExxonMobil, examining their motivations and implications. It explores the conflicting views on the future of oil and gas demand, with the International Energy Agency predicting decline while oil company executives remain optimistic. The potential impact of these big oil deals on gas prices and consumers leading up to the 2024 presidential election is also explored. Additionally, the pressure on major oil players to make deals or merge in order to compete on scale and production costs is discussed, along with speculation on potential future mergers in the oil industry.
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