The U.S. oil industry is witnessing a significant consolidation wave, with major acquisitions by companies like Exxon, Chevron, and Occidental totaling $135 billion
Permian Basin Consolidation To Continue In 2024 Following Moves By Warren Buffett And Exxon Investor s Business Daily investors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investors.com Daily Mail and Mail on Sunday newspapers.
After weeks of market speculation, Occidental announced plans to acquire private E&P CrownRock LP for $12 billion, adding core Midland Basin inventory and more upside from deeper zones underground.