New Zealand markets open in 8 hours 41 minutes
  • NZX 50

    11,178.03
    -138.77 (-1.23%)
     
  • NZD/USD

    0.5955
    +0.0007 (+0.12%)
     
  • ALL ORDS

    7,222.50
    -7.30 (-0.10%)
     
  • OIL

    93.30
    -0.38 (-0.41%)
     
  • GOLD

    1,894.20
    +3.30 (+0.17%)
     

Did Chevron Just Force ExxonMobil's Hand?

Did Chevron Just Force ExxonMobil's Hand?

Chevron (NYSE: CVX) recently made a big splash. It agreed to acquire PDC Energy (NASDAQ: PDCE) in a $7.6 billion deal. The highly strategic and accretive acquisition will provide Chevron with a meaningful boost.