Let's take a quick look back at this day in history, back in the year 2000, when Chevron, the second biggest U.S. oil company, agreed to buy the third largest Texaco. The price tag, $45 billion in stock and assumed debt. And the intent largely designed to give Chevron the size to better compete with bigger rivals like ExxonMobil, like Royal Dutch Shell, like BP Amoco, each the result of acquisitions themselves amid a persistent period of low oil prices that really did force a dramatic reshaping of the industry. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: Facebook: Instagram: Connect with Bloomberg Business on: X: Facebook: Instagram: TikTok: Reddit: LinkedIn: More from Bloomberg: Bloomberg Radio: Bloomberg Surveillance: Bloomberg Politics: Bloomberg Originals: Watch more on YouTube: Bloomberg Technology: Bloomberg Originals: Bloomberg Quicktake: Bloomberg Espanol: Bloomberg Podcasts: |
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