Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso
Oil & Gas 360º
JULY 18, 2025
But Exxon regained ground in 2010 with its $41 billion acquisition of natural gas producer XTO. These firms replenish their reserves not only to grow output but also to offset existing fields’ natural decline. Moreover, there are fewer accessible fields to tap. It then cemented its position as the largest U.S.
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