Analysis: Mega transatlantic oil mergers less likely after Exxon, Chevron deals
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
The prospect of Exxon Mobil or Chevron buying European majors has receded after the two leading U.S. oil companies announced major acquisitions focused on the Americas this month, investors said. Speculation that Chevron and Exxon might try to buy rivals BP and Shell intensified over the last two years as the European majors underperformed their U.S. rivals. Investors punished the European companies for their pivot towards renewables and low carbon energy while rewarding the U.S. companies' focus on oil and gas production that drove record profits last year.
Inflation remained at 6.7% in September for the second month in a row. Food inflation fell month on month for the first time in two years but rising prices at the fuel pump have been cited as a key factor for the surprising stickiness. The latest figures have been received with some disappointment within the
Madonna's daughter Estere left netizens stunned with her amazing voguing skills. Some fans were amazed that a 11-year-old can do such killer moves.
Madonna's daughter Estere left netizens stunned with her amazing voguing skills. Some fans were amazed that a 11-year-old can do such killer moves.