There has been speculation that Exxon MobilCorp., which built up a huge cash pile last year as oil soared to nearly $150 a barrel, might be considering a bid for a rival like Anglo-Dutch major Royal Dutch Shell PLC or the smaller BG Group PLC.
Posts Tagged ‘Merger’
Mergers in pipeline as oil industry’s fairytale era ends
A new wave of mergers is likely to sweep through the oil industry as cash-rich companies such as ExxonMobil eye up smaller rivals – possibly even Shell – after the collapse in the price of crude.
Exxon Goes Shopping?
Exxon now has money to burn, a move possible With $40 billion in cash, Exxon Mobil could be poised to buy out or merge with one of its struggling competitors. Oil giants like Chevron, BP, Royal Dutch Shell, ConocoPhillips and Exxon itself face weak fourth-quarter profits and oil-prices remain depressed, so a major merger or acquisition is possible, analysts say.
How will Shell respond to the threat of an ExxonMobil takeover?
Given the likely horror in London and The Hague and the equal dismay in Brussels we can expect some swift defensive manoeuvres to be soon under discussion. Prime amongst these has to be the oft trumpeted merger of Shell and BP into one seriously big and European managed corporation.
Oil majors look set fair for mergers
The last big oil merger cycle was a decade ago and we are set fair for another bout. The majors have held back – a year ago BP toyed with the idea of courting Shell and Shell has an on-off love affair with BG Group.
Resources giants must merge argues BHP chief Marius Kloppers
There have long been rumours linking Shell with a possible bid for BP or British Gas. ExxonMobil is also thought to have looked at BP.
Royal Dutch Shell merger voting date fixed
Lloyds List: Royal Dutch Shell merger voting date fixed Martyn Wingrove May 20, 2005 SHAREHOLDERS of Royal Dutch Petroleum and Shell Transport will finally vote on merging the group into one entity next month and benefit from a $3bn-$5bn share buyback programme. The Anglo-Dutch group is unifying its management and ownership to form Royal Dutch [...]
Timetable proposed for unified Shell
Financial Times: Timetable proposed for unified Shell Posted 20 May 05 By Clay Harris in London Shares in the unified Royal Dutch Shell will begin trading on July 20 under the timetable announced yesterday by the Dutch-UK oil and gas group. The schedule was in line with previously outlined proposals to create a single company [...]


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