First Chevron and now Oxy... Do I hear 40 billion? Going... Going...
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RL’s credibility is so high. Yes, I remember “we will not lower the dividend” and “the layoffs are over...” Oh, and did I forget “ELT optimization and cost reduction” so I can give my friends three year executive severance packages?
I doubt an offer that sounds like it was written by Wimpy from the old Popeye cartoons would be competitive.
“I will gladly pay you Tuesday....”
COP's strategy is to liquidate until someone buys what's left.
ConocoPhillips appears to be the most attractive target for an acquisition from a pure valuation perspective, but as the largest pure oil company it would be a large bite for even ExxonMobil. With respect to making an acquisition, ConocoPhillips CEO Ryan Lance stated earlier this year that the company isn’t feeling any pressure to do so.
https://oilprice.com/Energy/Energy-General/Oil-Majors-Eye-New-Acquisition-Targets-In-The-Permian.html
First comes first, and first we have to 'shrink to grow'
COP?... Going...Going...I forget what comes next
No money...…:(