A
major deal was just announced in the oil industry, tell us more
and that's right.
So Chevron announced this morning that it's buying
has in a $53 billion all stock deal
and Chevron said the deal will help
the company diversify and upgrade its portfolio.
The second mega merger in the oil industry this month after Exxon
Mobil announced its acquisition of pioneer
natural resources for about $60 billion.
Two weeks ago,
Chevron's deal will put it in closer competition with Exxon Mobil,
which is currently the number one gas and oil producer in the US.