ExonMobile Will Be On The Prowl Next

Last week, Chevron’s paid $33 billion to buy Anadarko Petroleum.  You see, Chevron wanted Anadarko’s oil shale properties in the Permian Basin. The Permian Basin is now the largest oil-producing region in the United States and the second largest globally.

So who is the next player to make a move because in any business you have to keep up with the Joneses to remain competitive and in some cases, survive.

Another player in the US is ExonMobile.  Yes, they explore off shore, but their bread and butter is really downstream, refining oil into other products. 

As a result, when you rises the

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