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setting on 20+ billion cash and equity in the 200+billion
30 to 40 billion would be easily absorbed and would add greatly to Chevrons need for domestic oil reserves and prospects to drill.
Chevron has the highest risk profile with all their deep well projects. They could do an all stock deal. Still think Shell a more likely buyer since they have more money.
I hope there is not a buy out. PXD drilling inventory would be very difficult to find in another company. I hope to own some for a very long time.
Agree it is likely very attractive to a cash heavy major.
I really think that the premium would be Too high..That being said anything is possible, but there are many more targets that are as inviting.