Chevron Could Be Hoarding Cash For The Acquisition Of Chespeake

Chevron Corporation (NYSE:CVX)’s huge cash reserve of $21 billion has come into media focus and speculation runs rife that the company may use it to acquire smaller companies. Significantly, if Chevron Corporation (NYSE:CVX) chose to extinguish all its debt, there would still be $11 billion left in hand. With interest rates running at all-time lows, treasury income from the cash is surely not a motive for Chevron. Why then is it hoarding so much of the green stuff? An article in the WSJ speculates that the company may be contemplating acquisitions, such as Chesapeake Energy Corporation (NYSE:CHK) and Hess Corp. (NYSE:HES), though…