Exxon and Chevron discussed merging to form second-largest oil company: report

The merger would be one of the largest in history and would likely create the second-largest oil company in the world, behind Saudi Aramco.

View in browser Subscribe Business Insider Select brings you a personalized selection of our top stories, every day. Was this email forwarded to you? Sign up for Business Insider Select here. Exxon and Chevron discussed merging to form second-largest oil company: report The merger would be one of the largest in history and would likely create the second-largest oil company in the world, behind Saudi Aramco. READ MORE Premium Signal barely knows anything about its tens of millions of new users. That puts it at the center of an unfolding privacy battle amid concerns about extremism. In the past month, Signal has been downloaded by tens of millions of new users. But the company hardly knows anything about them. READ MORE 10 things in tech you need to know today Robinhood explained why it halted trading, the identity of u/DeepF—ingValue, and fake pro-Huawei accounts. READ MORE Premium Former flexspace unicorn Knotel is filing for Chapter 11 bankruptcy ahead of a proposed sale to an investor. Leaked numbers show how its financials worsened in 2020. The company booked about $250 million in revenue for 2020 – a significant jump from 2019 – but liabilities have continued to rise, too. READ MORE 10 GOP senators plan a new compromise COVID-19 bill that would shrink direct payments to $1,000 from $1,400 The proposed $600 billion stimulus package would be smaller than the $1.9 trillion plan envisioned by President Joe Biden and most Democratic leaders. READ MORE Premium SIGN UP HERE: A conversation with Insider's markets gurus on the GameStop and Reddit-trader phenomenon Join deputy editor Joe Ciolli and reporter Ben Winck on Tuesday as they discuss the Reddit-trader phenomenon, GameStop's rally, and how the trend could end. READ MORE Online fashion giant ASOS has bought Topshop as part of a $364 million deal, but the retailer's physical stores will still close Online-only ASOS has bought Topshop, Topman, Miss Selfridge, and HIIT, which generated a combined £1 billion ($1.4 billion) in revenues in 2019. READ MORE Premium Tech and media veterans like Reid Hoffman, Joanna Coles and Kevin Mayer are making big bets on SPACs to acquire media companies. Here are 11 high-profile blank-check companies to watch. Some $82.8 billion was raised by 248 SPACs in 2020, according to J.P. Morgan Asset Management. READ MORE Premium Meet the corporate lobbying powerhouses that bankrolled Joe Biden's star-studded, fireworks-filled inauguration bash Online disclosures of certain corporate and union contributions disappeared from Biden's inaugural website after January 27. READ MORE Premium Bank of America warns of 3 looming catalysts that could send the bull market crashing in 2021 – and shares how to position for the 'big change' as the WallStreetBets crowd fights against the system A 10% correction is near and 3 catalysts are set to end the bull market in 2021, says Bank of America, accelerated by WallStreetBets war on inequality READ MORE Email sent to: ipat39@gmail.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2021 Insider Inc. 1 Liberty Plaza, New York, NY 10006