ExxonMobil (XOM), Chevron (CVX) Discussed Merger Last Year Amid Oil Rout - WSJ

January 31, 2021 5:18 PM EST

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The CEOs of ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) discussed merging the two oil giants last year amid the rout in oil prices due to the global pandemic, the Wall Street Journal reported citing people familiar with the matter.

Talks between the two were said to be preliminary and are not currently ongoing but could resume again in the future, it was added.

The merger, if it were to happen, would be among the largest ever.

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