RE:RE:I see Chevron is buying Hess- besides MATCHING the KEEPING UP WITH THE JONES (ie: Exxon Mobil) STRATEGY, you get the ADDED BENEFIT of GEOLOGICAL DIVERSIFICATION:
* Guyana {30% SHARE of the ESTIMATED 11 billion barrels of RECOVERABLE RESERVES}
* Bakken {GOOD long-term propects with 465,000 NET ACRES and the COMPANY-OWNED MIDSTREAM ASSETS to SUPPORT development}
* Gulf of Mexico {POTENTIAL for LARGE COST SAVINGS due to COMPLEMENTARY CHEVRON FOOTPRINT in the area}
* Southeast Asia NATURAL GAS PRODUCTION and MARKETING (VERY LUCRATIVE NG PRICING}
- LIKE XOM, this was an ALL SHARE ACQUISITION KEEPING THEIR CASH ON THE BALANCE SHEET (probably PAYING OFF THE DEBT with CASH and RE-FINANCING at a LATER DATE)
- do NOT FORGET that CVX has SPECIAL ACCESS and TREATMENT in Venezuela using the US Government MUSCLE to PROTECT it's INTERESTS there
z173