SCOOP: The CEOs of Exxon and Chevron spoke last year about merging the oil giants, according to people familiar with the talks, in what could be one of the largest corporate mergers ever. wsj.com/articles/exxon-chevr… via @WSJ

Talks began after Covid battered oil & gas demand and put financial strain on Exxon & Chevron. The merger talks were described as preliminary and aren’t ongoing but could come back in the future, the people said. Story w/@cmatthews9 and @CaraRLombardo wsj.com/articles/exxon-chevr…