Fantasy M&A’s latest contender: Buffett buys Exxon

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What if Warren Buffett bought Exxon Mobil? The oil titan is cheap, relatively speaking, and might value the anonymity over the increasing heat from ESG-minded investors, says gfhay.

Chevron’s market value topped that of Exxon Mobil for the first time on Oct. 7. Chevron’s market cap ended the day around $142 billion, topping Exxon Mobil’s slightly lower market value at the end of trade, according to Chevron's Securities and Exchange Commission filings and Refinitiv data.

Exxon's shares rose more than Chevron's on Oct. 8, making it once again the larger company by market capitalization.

 

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gfhay Why are you spreading rumors? Has WB took an official stake in XOM? If he hasn’t I think you open yourself up to legal action.

ReutersBiz gfhay intriguing premise that I had not considered. however article suggest that Berkshire could partially fund an acquisition with shares which WB has explicitly disavowed many many times. sloppy to suggest this without giving context that it is highly unlikely.

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