Gregoris Says Chevron Deal 'Makes a Lot of Sense'

The transcript discusses Chevron's recent deal, highlighting its strategic and financial rationale. It explores market reactions, particularly the pressure on other oil majors like Exxon and BP. The discussion also covers future implications for Chevron's assets in the Permian Basin and potential developments in the oil sector.

What strategic areas does Chevron's deal focus on?

• Asia Pacific, North Africa, South America

• Europe, Russia, Canada

• Middle East, North Sea, Australia

• US onshore, Gulf of Mexico, Mozambique

Why does the market prefer a stock deal over a cash deal for Chevron?

• Cash deals are harder to finance

• Stock deals are less risky

• Cash deals are more volatile

• Stock deals are more favorable for market stability

Which company is under pressure to make a move following Chevron's deal?

• Exxon

• BP

• Total

• Shell

What is Exxon's production goal in the Permian by 2024?

• 1.5 million barrels a day

• 750,000 barrels a day

• 500,000 barrels a day

• 1 million barrels a day

What is a key factor for Chevron to achieve returns on its Permian assets?

• Reducing operational costs

• Expanding into new markets

• Increasing the number of rigs

• Diversifying energy sources