US Majors Betting Big on Oil Leave European Peers Behind
Back-to-back megadeals by Chevron and Exxon may widen the valuation gap with their overseas counterparts.
Chevron Corp. and Exxon Mobil Corp. are doubling down on fossil fuels.
Photographer: Michael Nagle/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, reporter Laura Hurst examines the valuation gap between the deal-making US oil majors and their European counterparts. For more on the status of the world’s biggest carbon capture project, read this. To get this newsletter sent straight to your inbox, you can sign up here.
US Big Oil is getting bigger.