Reported 4 months ago
The oil sector is experiencing a trend of mergers and acquisitions as companies like Hess and Chevron, as well as ConocoPhillips and Marathon Oil, engage in multi-billion dollar acquisitions. Experts discuss the consolidation wave in the industry, with some viewing it as a response to the pressure from alternative energy sources and the need for capital discipline. The article also touches on the ongoing disputes and potential antitrust concerns in these transactions, signaling a period of industry consolidation and potential future acquisitions among smaller players.
Source: YAHOO