Sun, Nov 28, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | M&A, Oil more

Future oil sector mergers set to be more modest

Posted on 09 April 2015

Oil prices were at multiyear lows. The world’s largest oil and gas companies were slashing jobs and cutting spending. But their stock prices were sagging and executives were under pressure to replenish reserves. The situation sounds like the backdrop to Wednesday’s announcement by Royal Dutch Shell, the oil group with a market value of nearly £127bn, that it plans to buy smaller UK rival BG Group for £47bn excluding debt.
But similar conditions existed in 1998. Back then the oil industry reacted by unveiling an unprecedented string of megadeals, which created the consolidated behemoths that dominate the energy market today………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
November 2021
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
282930