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Inside Chevron and Exxon’s Billion-Dollar Bets

Inside Chevron and Exxon’s Billion-Dollar Bets

Merger Momentum The past week has been big for mergers and acquisitions in the oil industry. On Monday, Chevron (CVX) revealed its intent to purchase Hess (HES) for $53 billion. But that was only the second largest deal of the week, it turned out.. The first belongs to Chevron’s competitor ExxonMobil (XOM), which announced its…Read more

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Inside Chevron and Exxon’s Billion-Dollar Bets

America’s Economy Keeps Defying Expectations

America’s Economy Keeps Defying Expectations

Against the Grain Many economists and market watchers started the year expecting an economic downturn as high inflation, and high interest rates, threatened to weigh on consumer spending and investments. But so far, they’ve been rather wrong. Despite these ongoing headwinds, as well as geopolitical upheaval, the U.S. economy has stayed the course – and…Read more

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America’s Economy Keeps Defying Expectations
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