in a statement, bhp ceo mike henry said their proposal was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp s previous offers, saying they undervalued the company and its prospects. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic. think about the early days of the pandemic people were stuck at home, not going out and not driving their cars. oil prices crashed, but since then, prices have come back up. take conocophillips. the share price has nearly tripled and now it s acquiring marathon 0il worth $25 billion, including debt. that ll help conoco expand its drilling operations in mexico, north dakota and texas and offshore of equatorial guinea. large and midsize oil companies have been competin
was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp s previous offers, saying they undervalued the company and its prospects. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic people were stuck at home, not going out and not driving their cars. oil prices crashed, but since then, oil prices have come back up. 0il oil producers are back to making bank and using cash on hand to strike some deals. take conocophillips. its share price has nearly tripled and now it
India Inc s credit metrics are expected to show further improvement in the September quarter, driven by factors such as softening commodity prices, price hikes by companies, and anticipation of favorable demand, according to Icra Ratings. The agency predicts that the interest coverage ratio will improve to 4.5-5 times in Q3 from 4.5 times in Q2.
"We maintain ONGC s Standalone Credit Profile (SCP) at bbb+ , which reflects ONGC s scale as the largest oil and gas (O&G) producer in India, its significant reserves and production, and its vertically integrated and geographically diversified business model." The SCP also considers Fitch s expectations that ONGC s credit metrics will improve over the financial years ending March 2024 (FY24) to FY27.
The likely resurgence in operating profit comes as a much-needed respite for the sector, which had grappled with weakened credit metrics in recent fiscals due to lacklustre profitability and substantial capital expenditure