Do we have a group of executives working at the Chevron office in downtown Houston to merge Chevron and ExxonMobil in 2025/2026? Chevron is about to become a significant partner with ExxonMobil in Guyana.
ExxonMobil's acquisition of Pioneer was all about bulking up in the Permian Basin, Chevron's deal for Hess will take it in another direction. In Hess, Chevron will acquire a position in the world-class Stabroek block offshore Guyana. It will become Exxon's partner in the region as its rival operates the block, which is one of its four core focus areas.