The discussions will focus on the extent to which the large companies in the energy sector are affected by the economic effects of the pandemic.
The executives of ExxonMobil and Chevron, Darren Woods and Mike Wirth, will be conducting preliminary talks on the principles of 2020 regarding the possible merger of their companies in what is being translated into one of the major corporate mergers of history, reports The Wall Street Journal quoting familiar people with the asunto.
The discussion emphatically lies in the fact that the broth of coronavirus diezmara the demand for petroleum and gas and pusiera a huge financial pressure in both companies. The actions of the two companies cayeron in picado and the consequences of the pandemic hicieron that the value of petroleum is hundiera.
Currently, the conversations about the agreement that remodeling the petroleum industry no follow up, pero podrían volver en el futuro, dicen las fuentes del periodic estadounidense.
The market value of a combined business could surpass 350,000 million dollars. Juntos, probable formarían la segunda kompañía petrolera más grande del mundo for market capitalization and production, only supervised by Saudi Aramco.
Geen hindernis, the potential merger could bring about regulatory challenges and antimonopoly in the North American country. In addition, some state legislators are helping large oil companies to contribute to the climate change climate, as the new administration has changed its priorities.