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Merger Mania Overview: Parsing The Permian Deals And More
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Big oil enters 2024 strengthened by U S industry consolidation | Hellenic Shipping News Worldwide
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Big oil enters 2024 strengthened by U S industry consolidation
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The oil and gas industry went on a $250 billion buying spree in 2023, taking advantage of companies' high stock prices to secure lower-cost reserves and prepare for the next upheaval in an industry likely to undergo more consolidation. A surge in oil demand as world economies shook off the pandemic downturn has stoked acquirers' enthusiasm. Exxon Mobil, Chevron Corp and Occidental Petroleum made acquisitions worth a total of $135 billion in 2023.