The largest oil producers in the United States, Chevron and ExxonMobil, decided to unite. The companies discussed the merger early last year amid the collapse of the energy market, but negotiations have been abandoned now.

Currently, Exxon and Chevron have market caps of $190 billion and $164 billion, making the merger as the largest in history if it took place. Sources of the agency indicated that negotiations last year were only preliminary and did not continue, representatives of Exxon and Chevron did not give any comments. The agency could not find out why the negotiations ended.

But there is information that the fact of negotiations between oil giants suggests that the leaders of the fuel and energy complex are under serious pressure against the background of the coronavirus pandemic and the global fall in oil prices.