Reported 11 months ago
U.S. oil and gas companies are facing challenges to sell around $27 billion of assets for investor payouts as the era of energy megamergers nears its end. The need for share buybacks and dividends is crucial to attract investors back to the industry. However, finding new owners for these properties may not be quick or easy, with fewer buyers interested and a lack of cash. The massive $180 billion in deals since October is expected to result in a flood of oil wells, pipelines, and infrastructure on the market. Companies like Exxon Mobil, ConocoPhillips, and Chevron are preparing for substantial post-merger asset sales, but hurdles remain due to fewer buyers and regulatory reviews.
Source: YAHOO