Chevron announced this morning is buying has in a 53
billion all stock deal. The second mega merger in
the oil industry this month after Exxon Mobil announced its
acquisition of pioneer natural resources. Earlier this month,
Chevrons deal to buy has will put it in closer
competition with Exxon Mobile which is currently the number one
gas and oil producer in the US. Chevron has
offered 1.025 of its shares for each has share.