Exxon, Chevron CEOs Discussed Merger Last Year -

"Chevron’s Mike Wirth and Exxon’s Darren Woods spoke as the Covid-19 outbreak hurt oil and gas demand, adding financial strain to both companies, Dow Jones said."

Why this is important: The effects of the global pandemic may be far reaching enough to bring about the reversal of the breakup of Standard Oil, the monopolistic oil giant created by John D. Rockefeller and ended by the U.S. government in the early 20th century. It seems that losses of 30 percent and 23 percent respectively in 2020 were sufficient to cause the CEOs of Exxon and Chevron to discuss a possible merger of these two oil companies late last year according to sources. Even if such a merger does not come to fruition, the mere fact that it is being discussed may signal a coming reshuffling of energy producers as the markets adjust to historic losses in the wake of the COVID-19 global outbreak.