Leading energy companies ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are no strangers to the merger-and-acquisition market. Both have made big splashes over the years, which has enabled them to grow to their current size. While they haven’t completed a notable acquisition in a few years, they’re looking for their next deal.
That was evident in the comments from executives at both companies at a recent industry conference. And that’s why investors shouldn’t be surprised if either one makes a big move in the coming year.