The Oil Industry Braces For An Ugly Earnings Season

COVID Market Update: M&A Is Back With little to no notable activity on the oil deal scene since the oil price crash, Chevron’s offer to buy Noble Energy Inc. for $5 billion in stock made fairly big waves in the industry this week. While the deal was played down by some analysts, it makes Chevron the first oil major to get in on Israel’s Levant Basin gas opportunities, which are of significant geopolitical impact. Chevron will get Noble’s flagship Leviathan field in the offshore Levant Basin, as well as increased holdings in…