Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Asian Currencies Steady as Markets Await U.S. Jobs Data 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
US Stock Futures Rise as Markets Await July Payrolls Data 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Chevron Corp and Exxon Mobil Corp chief executives reportedly discussed a possible merger last year. They are considering putting together their oil companies and work to get back what they have lost due to the COVID-19 pandemic.
The merger talks between Chevron and Exxon
Although the need for oil supply continued even at the time when the pandemic is hitting many businesses badly, the two oil giants were not spared and suffered from big losses. With the devastating outcomes and dropping oil prices, Exxon and Chevron talked about incorporation.
It was said that it appears that two companies are “testing the waters,” and if this will be a reality, it will be one of the biggest corporate mergers ever. In any case, as per The Wall Street Journal, Exxon Mobil CEO Darren Woods and Chevron chief Michael Wirth spoke about the potential merger when the pandemic crisis started to negatively affect the oil prices.
Around that time, the shrinking demand for oil and gas placed both Chevron and Exxon in massive financial strain. This was the main reason why the executives started to consider a merger and check if it can be done.
But then again, the report noted that Woods and Mirth’s meeting was only preliminary, and the talks about the merger is not an ongoing activity between Chevron and Exxon.
However, if this will push through, such a deal will surely be one of the most remarkable in this era since the combined market value of the firms could go over $350 billion, with Exxon making up the $190 while Chevron’s is $164 billion.
Benefit from the merger
At any rate, if Chevron and Exxon will merge, there are many benefits from the deal. Together, they can produce more oil so they can supply faster than their competitors. They can also collectively work on issues that oil companies are not immune to.
Lastly, Bloomberg reported that an industry analyst from Sankey Research, Paul Sankey, stated that the reason why the Exxon and Chevron merger makes sense is that both sides can benefit greatly from the deal.
“Chevron for ExxonMobil is a great idea,” he said. “It would be a truly bottom of the cycle, counter-cyclical move of the kind the equity market is more-or-less demanding.”
