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https://www.wsj.com/articles/why-big-oil-likes-small-deals-4d5afa8

Why Big Oil Likes Small Deals

Chevron’s latest acquisition shows that the best deals on the oil patch may be smaller operators with geographic concentration

By Jinjoo Lee
The deal further bolsters Chevron’s presence in the DJ Basin in Colorado . Photo: Rick Wilking/REUTERS

Chevron has plenty of financial firepower, but it prefers not to use it all in one place.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.