HOUSTON (Reuters) -Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22.5 billion, the latest in a series of mega-deals in the energy industry. The U.S. oil and gas industry has been riding a consolidation wave over the last two years as companies look to bolster reserves and create economies of scale. The momentum has carried over into this year as the stock market continues to boom and as U.S. shale oil production scales new records.
U.S. Treasury Secretary Janet Yellen expressed concern over substantial increases in living costs, the Financial Times said on Friday. In an interview published on Friday Yellen. -May 24, 2024 at 12:42 am EDT
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Activist investor Eminence Capital
bought more stake in Reckitt, piling further pressure on
the consumer goods group whose share price has plunged over
fears that its baby formula business could be on.