Auto Added by WPeMatico
(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By George Hay and Yawen Chen (Reuters Breakingviews) – U.S. and European oil giants sell the same product in the same global market. But they are on diverging paths. While American groups like Exxon Mobil and Chevron are buying up smaller drillers, their European rivals such …
INSIGHT: Strategic Clarity Fuels Oil Giants’ M&A Spree Read More »
(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By George Hay and Yawen Chen (Reuters Breakingviews) – U.S. and European oil giants sell the same product in the same global market. But they are on diverging paths. While American groups like Exxon Mobil and Chevron are buying up smaller drillers, their European rivals such …
INSIGHT: Strategic Clarity Fuels Oil Giants’ M&A Spree Read More »
(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By George Hay and Yawen Chen (Reuters Breakingviews) – U.S. and European oil giants sell the same product in the same global market. But they are on diverging paths. While American groups like Exxon Mobil and Chevron are buying up smaller drillers, their European rivals such …
Strategic Clarity Fuels U.S. Oil Giants’ M&A Spree Read More »
Enhanced Operating Scale to Drive Returns and Free Cash Flow; Combined Acreage Position Totaling 1.3 Million Net Acres and Combined 4Q23 Production of 287,000 Boepd Combined Company has Approximately 10 years of Low-Breakeven Inventory with Significant Opportunity to Enhance Returns through Efficiencies and Expanding Three-Mile Lateral Opportunities Transaction Accretive to Key Metrics While Preserving Low Leverage; …
Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of close to $20 billion, including debt, according to people familiar with the matter. Western Midstream shares rose 10% to $32.12 in afternoon trading in New York on Tuesday. The divestment would help Occidental, …
Occidental Explores $20 Bln-Plus Sale of Western Midstream Read More »
Shale drillers can ‘consolidate or get eaten’: Warwick CEO US oil producers now in ‘arms race’ for scale, investor says This week’s $26 billion combination of two Texas oil companies is the latest in a series of deals that’s ushering in the era of Big Shale. Wall Street, which eyed the sector with skepticism for …
Wall Street Is Warming to Big Shale After $250 Billion of Deals Read More »
(Reuters) – Occidental Petroleum on Thursday said a U.S. regulator’s second request for information on the acquisition of shale producer CrownRock has pushed back the deal’s closing date to second half this year. The delay in Federal Trade Commission (FTC) approval of the $12 billion acquisition will make the Houston-based oil company postpone planned sales of …
Occidental Says CrownRock Deal Delayed by FTC Requests of ‘Everything’ Read More »
CEO Meg O’Neill focused on LNG in Australia, North America She is not averse to Middle East deals, including with Aramco Woodside Energy Group Ltd. remains open to acquisitions following a failed attempt to merge with Santos Ltd., as it looks to grow the liquefied natural gas business. “We will keep the door open to a …
Woodside Seeks Deals After Santos Failure in Push for LNG Read More »
Bloomberg Drilling for deals The oil and gas sector has been one of the few in which you haven’t had to drill too deep for good M&A news during the global deals slump. Whether you’re looking over three, six or 12-month periods, year-on-year increases in the values of transactions involving oil and gas companies look …
Oil & Gas Deals Are Powering the Global M&A Engine Read More »
(Reuters) – For years, Endeavor Energy founder Autry Stephens’ refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers. “It’s not for sale, it hasn’t been for sale, it’s probably not going to ever sell,” Pioneer Natural Resources’ former CEO Scott Sheffield, a contemporary …
Why Endeavor Energy’s Founder Sold his Company after Years of Rebuffing Offers Read More »
