Is a Big Oil Megamerger Brewing? Exxon, Chevron, and Others Are Eyeing This Oil Stock.
BP's underperformance and strategy shifts have made it a potential takeover target. Shell, Chevron, Exxon, TotalEnergies, and others have looked into acquiring the oil company. Chevron (NYSE: CVX) followed with a megadeal of its own, agreeing to buy Hess for $60 billion in a deal it hopes to close this summer.